In Money, Greed, and God: Why Capitalism is the Solution and Not the Problem, Senior Fellow at the Discovery Institute Jay W. Richards and bestselling author of Indivisible: Restoring Faith, Family, and Freedom Before It's Too Late and Infiltrated: How to Stop the Insiders and Activists Who Are Exploiting the Financial Crisis to Control Our Lives and Our Fortunes, defends capitalism within the context of the Christian faith, revealing how entrepreneurial enterprise, based on hard work, honesty, and trust, actually fosters creativity and growth. In doing so, Money, Greed, and God exposes eight myths about capitalism, and demonstrates that a good Christian can be a good capitalist.
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About the Author
Jay W. Richards, Ph.D., is a senior fellow at the Discovery Institute and a contributing editor at The American magazine (american.com) and the Enterprise Blog (blog.american.com) at the American Enterprise Institute. Richards has been featured in the New York Times and The Washington Post, and he has appeared on Larry King Live. He also has lectured on economic myths to members of the U.S. Congress.
Table of Contents
List of Figures and Tables ix
Introduction: Can a Christian Be a Capitalist? 1
1 Can't We Build a Just Society? 9
Myth no. 1 The Nirvana Myth (contrasting capitalism with an unrealizable ideal rather than with its live alternatives)
2 What Would Jesus Do? 33
Myth no. 2 The Piety Myth (focusing on our good intentions rather than on the unintended consequences of our actions)
3 Doesn't Capitalism Foster Unfair Competition? 59
Myth no. 3 The Zero-Sum Game Myth (believing that trade requires a winner and a loser)
4 If I Become Rich, Won't Someone Else Become Poor? 83
Myth no. 4 The Materialist Myth (believing that wealth isn't created, it's simply transferred)
5 Isn't Capitalism Based on Greed? 111
Myth no. 5 The Greed Myth (believing that the essence of capitalism is greed)
6 Hasn't Christianity Always Opposed Capitalism? 135
Myth no. 6 The Usury Myth (believing that working with money is inherently immoral or that charging interest on money is always exploitive)
7 Doesn't Capitalism Lead to an Ugly Consumerist Culture? 157
Myth no. 7 The Artsy Myth (confusing aesthetic judgments with economic arguments)
8 Are We Going to Use Up All the Resources? 183
Myth no. 8 The Freeze-Frame Myth (believing that things always stay the same-for example, assuming that population trends will continue indefinitely, or treating a current "natural resource" as if it will always be needed)
Conclusion: Working All Things Together for Good 209
Appendix: Is the "Spontaneous Order" of the Market Evidence of a Universe Without Purpose? 217
What People are Saying About This
“Jay Richards understands the objections to capitalism, and here explains why they do not convince him. The empirical findings revealed in Money, Greed, and God run against those objections.”
In Money, Greed, and God, Jay Richards shows us . . . a capitalism grounded in the truth about human beings as free, morally responsible, co-creators charged with dominion and stewardship of the earth by the loving God to whom we are all ultimately accountable.
Most Helpful Customer Reviews
The greatest burdens of being wealthy and Christian are the constant misnomers and misunderstandings of having money and the responsibilities of Stewarding money. There are millions of wealthy people accomplished in making money with emptiness in their lives that are misled to think money is their problem. Jay brings to light commonly taught economically principles such as "the unseen hand" as being secular ways of teaching what are really God's Principals in action. Eventually you can see Capitalism in it's genuine form as the best system on Earth to foster these Biblical principals. This book will bring enlightenment and the encouragement to Steward wealth and bring purpose and truth to anyone blessed with money or on the path to making it.
Richards points out the Christianity has always seemed conflicted in its attitude toward wealth, if it is good or evil. In this short set of essays he sets out to show the conflict is not valid. He approaches the problem by resolving problems associated with errors that he organizes under eight myths. Along the way he describes his own maturing from a socialist, almost communist, and Rand objectivist to a conservative capitalist.Supporting his arguments with numerous biblical references he validates private property. With reference to many philosophers and economists he validates free-market capitalism. His major victory is to demonstrate that a good Christian can also be a good capitalist.While I agree with his approach, and found this an enjoyable read, I found myself in disagreement with a number of his observations about economics. This is very much a work for interested Christians. While it may help to improve an economist's view of some issues in terms of specific audiences, they will be mostly dissatisfied.