Wednesday, December 17, 2014

The Search for Economic and Monetary Theories

Many church leaders and theological educators give public declaration concerning economics and finance, which Austrian economists considered fallacious. This unfortunate phenomenon is due to ignorance of vast literature on economic and monetary theories from this school and the widespread influence of socialist literature in the academe. 

Our goal therefore is to correct this anomaly by retrieving the works of economic and monetary theorists. We believe that economic theories related to praxeology, Keynesianism, and entrepreneurship will help us illumine this chaotic intellectual atmosphere. Moreover, the vast literature on monetary theory, which includes currency, business cycle, credit, inflation, banking, and the gold standard will provide us an analytical framework to critique the existing monetary system and to lead us to sound monetary policy. Furthermore, as theological educator, it is part of our goal to search the literature on Christian economics to know the answers to the following questions:

1. What does the Bible say about economics and business?

2. What does the Bible say about money and credit?

3. What does the Bible say about banking and business cycle?

4. What does the Bible say about inflation?