Bulls, Bears and Golden Calves: Applying Christian Ethics in Economics
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....
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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 imbedded 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.
Foreword7Acknowledgments11Introduction13Sect. ILaying the Foundation1Grid Work: A Theological & Ethical Framework15Sect. IIReflections on the Basic Assumptions of Economics2Me, Myself & Why?: Pursuit of Self-Interest Promotes What Exactly?303Waste Not?: Reappraising the Goal of Economic Efficiency444It's Mine!: Private Property Rights57Sect. IIIMacroeconomic Issues5How Does Your Garden Grow?: The Possibilities & Perils of Economic Growth676Render unto Caesar: The Role of Government in the Economy807Overemployment: The Growth of Work & the Loss of Leisure908Catching Your Interest: Lending & Borrowing in Scripture & History105Sect. IVMicroeconomic Issues9A Clarion Call: Poverty & Distributive Justice11510Tending the Garden: Environmental Stewardship13011Who's Responsible?: Business & Social Responsibility14612False Hope: The Boom in Legalized Gambling15813The Naked Gorilla: The Ethical & Economic Challenge of the Pornography Industry172Sect. VInternational Issues14A Matter of Life & Debt: Debt Relief for Less-Developed Countries18115Give Me Your Tired, Your Poor ...: The Economics of Immigration18916The Malthusian Blues: The Ethics & Economics of Population Control199AppInteractions Between This Book & Standard Economics Texts209Notes211
