Dr. Jennifer Roback Morse just delivered a fascinating lecture overviewing the basics of economic thinking. Beginning with the basic premises of economic science, she rapidly moved through the basic methods of economic inquiry, principles that are foundational to the science itself, before ending with a discussion of the basic instituitions of free markets. For someone like myself without any strong economic training I found the entire topic engaging and of seeming great importance. While many of you may already be glazing over after the first mention of economics (my own knee-jerk reaction to the topic), I urge you to give the field of study a second chance as we work through a few of the most interesting insights.
While many people might see economics and market study a necessary field of inquiry that is far-removed from the work of the Church and perhaps even impossible to approach from a Christian perspective, there are two basic premises of economics that are powerful touch points between Christianity and economics, touch points that allow Christians to open a meaningful and intelligible conversation with economists of all stripes and colors.
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