The Crisis and the Kingdom: Economics, Scripture, and the Global Financial Crisis

Overview

The ongoing global financial crisis was not simply the fault of the financial sector. Bankers, households, and governments had all entered a spiral of greed, selfishness, and impatience in pursuit of their respective aims of higher remuneration, greater consumption, and enhanced popularity. The outcome, besides costly bank bailouts, has been rising private and public debt and stagnant economies. Economics, the ruling paradigm in today's society, can explain their motivation of self-interest but not the underlying...

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The Crisis and the Kingdom: Economics, Scripture, and the Global Financial Crisis

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Overview

The ongoing global financial crisis was not simply the fault of the financial sector. Bankers, households, and governments had all entered a spiral of greed, selfishness, and impatience in pursuit of their respective aims of higher remuneration, greater consumption, and enhanced popularity. The outcome, besides costly bank bailouts, has been rising private and public debt and stagnant economies. Economics, the ruling paradigm in today's society, can explain their motivation of self-interest but not the underlying irrationality of their behavior. Taking a view from Scripture, Philip Davis critiques the overall aims of individuals, as assumed by economics—wealth, consumption, and power—in contrast to Jesus' proclamation of the kingdom of God, the love for God and neighbor, and responsible stewardship of resources. In doing so, he aims to equip Christians to better understand the crisis from a kingdom perspective, to provide the church with a distinctive voice in these troubled times, and to press for radical Christian solutions to address the underlying difficulties. This little book aims to redress the gap in Christians' understanding that led the theologian Jürgen Moltmann to remark trenchantly, "The neglect of economics is a wound in the side of the church."

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Product Details

  • ISBN-13: 9781610974769
  • Publisher: Wipf & Stock Publishers
  • Publication date: 1/31/2012
  • Pages: 160
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.38 (d)

Meet the Author

E. Philip Davis is Senior Research Fellow at the UK National Institute of Economic and Social Research, Associate Professor of Economics and Finance at Brunel University, London, and Pastor of Penge Baptist Church, London. Previous works include Debt, Financial Fragility, and Systemic Risk (Oxford University Press).

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