Christian Economics: Teacher's Edition
This is the second volume in a series of four projected books on Christian Economics. Here is the typeset edition. It is indexed. Christian Economics.
The first volume is Christian Economics: Student's Edition. It is here:
The third volume is Christian Economics: Activist's Edition. It is here:
This edition begins to fill in the details of the system of economic analysis that is presented in the student's edition. It makes clearer the real-world outworking of the cause-and-effect structure of Christian economics. It relates theory and practice.
This book is divided into six parts: The Auction Process, A Moral Auction, Protecting the Auction, Rigging the Auction, Non-Auction Sectors, and Worldviews. In writing this book, I assumed that you have read and understood the student's edition.
This book is easy to read if you have read the student's edition. It is easy to read even if you have not read the student's edition, but it will not make as much sense. You will find it more difficult to keep the structure in mind.
This book is a comprehensive answer to the so-called social gospel. It was never a social gospel. It was a statist gospel. It first began to be promoted in Protestant mainline denominations in the United States in the 1880s. This book shows that there is nothing in the Bible that calls for the creation of a Christian welfare state. On the contrary, what the Bible requires is the creation of a free market society. The social gospel has always been weak on exegesis of the Scriptures. This book begins with biblical passages in every chapter. Each chapter begins with an analysis of a text: theological analysis and economic analysis.
I added a new chapter, Chapter 3, on September 20, 2017. I also rearranged the chapters in Part 1.
Part 1: The Auction Process
Introduction to Part 1
Chapter 1: "I, Pencil"
Chapter 2: Providence and Pencils
Chapter 3: Purpose Precedes Planning
Chapter 4: Ownership and Responsibility
Chapter 5: Ownership and Representation
Chapter 6: Factors of Production
Chapter 7: Consumption and Budgeting
Chapter 8: Scarcity and Cooperation
Chapter 9: Trade and Interdependence
Chapter 10: Money and Wealth
Chapter 11: Buyer and Seller
Chapter 12: Supply and Demand
Chapter 13: Prices and Knowledge
Chapter 14: Pricing and Distribution
Chapter 15: Production and Distribution
Chapter 16: Imputation and Value
Chapter 17: Inflation and Corruption
Chapter 18: Time and Interest
Chapter 19: Profit and Loss
Chapter 20: Success and Failure
Chapter 21: Dominion and Inheritance
Chapter 22: Dominion and Education
Chapter 23: Capital and Culture
Conclusion to Part 1Part 2: A Moral Auction
Introduction to Part 2
Chapter 24: Design
Chapter 25: Plans
Chapter 26: Cooperation
Chapter 27: Profit
Chapter 28: Capital
Conclusion to Part 2Part 3: Protecting the Auction
Introduction to Part 3
Chapter 29: Justice
Chapter 30: Defense
Chapter 31: Taxation
Conclusion to Part 3Part 4: Rigging the Auction
Introduction to Part 4
Chapter 32: Regulation
Chapter 33: Licensing
Chapter 34: Monopoly
Chapter 35: Cartels
Chapter 36: Banking
Chapter 37: Bailouts
Chapter 38: Subsidies
Chapter 39: Tariffs and Quotas
Chapter 40: Price Controls
Chapter 41: Minimum Wage Law
Chapter 42: Labor Unions
Chapter 43: Education
Chapter 44: Medicine
Chapter 45: Pensions
Conclusion to Part 4Part 5: Non-Auction Sectors
Introduction to Part 5
Chapter 46: Family
Chapter 47: Church
Chapter 48: State
Chapter 49: Charity
Chapter 50: Education
Conclusion to Part 5Part 6: Worldviews
Introduction to Part 6
Chapter 51: Design vs. Darwinism
Chapter 52: Trusteeship vs. Autonomy
Chapter 53: Ethics vs. Efficiency
Chapter 54: Entrepreneurship vs. Equilibrium
Chapter 55: Eternity vs. Entropy
Conclusion to Part 6