Department of Finance
Date of this Version
Fall 2020
Citation
Faith & Economics, Fall 2020, No. 76, 107-122.
Abstract
This essay considers the Christian understanding of the subjective dimension of human work and the implications for economics, finance, and the modern firm. The biblical account of people profoundly captures the fullness of human nature and the role of work and economy in developing the full person. People’s reality is both individual and collective, encompassing their subjective interior and objective exterior dimensions of reality. This issue is important because economic models affect economic decisions, and these decisions help shape social reality. Current economic and financial models are problematic because they are self-limiting: They close off certain outcomes by assuming they cannot exist. That is, self-limiting models lead to self-limiting realities in firms and financial markets.
Included in
Economic Theory Commons, Finance Commons, Finance and Financial Management Commons, Management Sciences and Quantitative Methods Commons
Comments
Copyright © 202 Association of Christian Economists