Bulls, Bears and Golden Calves: Applying Christian Ethics in Economics

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9780830827244: Bulls, Bears and Golden Calves: Applying Christian Ethics in Economics
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Self-interest, economic efficiency and private property rights are among the most basic assumptions of market economics. But can an economic theory built on these assumptions alone provide adequate insight into human nature, motivation and ultimate goals to guide our economic life? John Stapleford says no, along with those economists who recognize the limits of their discipline. He insightfully shows us in detail how ethics are inextricably intertwined with economic life and analysis. Writing from a Christian ethical perspective, he interacts with seven standard introductory economics texts, exploring the moral challenges embedded in various macro-, micro- and international economic theories and outlining a faithful response to them. Keyed to seven of the most widely used introductory economics texts--Gwartney, Stroup & Sobel; Mankiw; Mansfield & Behravesh; McConnell & Brue; Miller; Samuelson & Nordhaus; and Stiglitz--this book will be especially useful for introductory courses in economics. This revised and expanded edition includes updated charts and graphs and three new chapters covering executive compensation, the effects of corruption and rural development.

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"Bulls, Bears & Golden Calves opens the door for beginning students of economics to the realm of applied Christian thought on the modern economy. John Stapleford's work invites both new students and experienced economists alike to pursue this passageway. Designed to be used as a supplementary text in the teaching of economic principles, its format and content are very helpful for Christian economists looking to introduce students to a biblical perspective on a wide range of modern economic issues. Across a spectrum extending from the lending of money at interest to the thorny problem of immigration, Stapleford provides salutary, compelling examples. His discussion applies careful economic reasoning combined with ethical direction aptly derived from the Scriptures. The book takes seriously the authority of Scripture in critically reflecting on the core assumptions of economics while guiding readers in an irenic yet challenging manner. I strongly recommend Bulls, Bears & Golden Calves as an introductory guide to applying Christian ethics to the world of economics."

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