Economics: Biblical vs. Secular–Gary North

Reason, in short, is not the judge of the universe. Nor is chaos. Nor is evolution by means of natural selection. God is the judge. Through His written revelation of Himself, His law, and His creation, He has provided Christians with the criteria of balance. He has enabled us to ask the proper questions concerning scarcity, the limits of the State, the nature of debt, the lawfulness of just weights and measures, the immorality of monetary inflation, the requirements of warfare, and so forth. We can have balanced analyses because we have revelation-restrained minds.

We can use the discoveries of atheistic economists, just as we can use the discoveries of atheistic physicians, chemists, biologists, and physicists. We dare not use them unselectively. In fact, we cannot use anyone’s discoveries unselectively, since all human thought involves selection and evaluation. The question facing us as Christians is this one: What criteria must we use in a faithful selection of ideas? What standards should we use to sift the wheat from the chaff in economics? The answer should be obvious, although in our era apparently it isn’t: the Bible. We need to immerse ourselves, as decision-making economic actors, in the economics of the Bible and the economics of hypothetically neutral rationalism. We need to weigh the economics of rationalism in the balance. But we need to know which questions to ask, and what kinds of answers God’s law provides. To serve as judges, we need to know God’s law. We are to serve as judges (l Corinthians 6). Our days on earth are to prepare us for judgment, as both recipients and dispensers of judgment.”

https://www.garynorth.com/public/14536.cfm

SEE:

Book: Foundations of Economics: A Christian View