Blog author: jballor
Thursday, April 13, 2006

Regarding biblical economics at St. Maximos’ Hut, Andy Morriss writes on John 10:9-16: “Shepherds care for their flocks because their flocks belong to them; hirelings will not sacrifice for their flocks because the flocks do not belong to them. What better illustration of the value of property rights in encouraging stewardship could there be?”

  • Roger McKinney

    Excellent thought! My own research into the origins of capitalism point to the Dutch Republic in the late 16th century. The Dutch decided to take the Bible seriously regarding the prohibitions of theft. No other country in history, except possibly Israel, had ever done that. Rome came close. But really protecting private property made the Dutch Republic incredibly rich and powerful. The irony is that the Dutch were implementing the teachings of the Catholic scholars of the school of Salamanca in Spain. The French physiocrats and eventually Adam Smith, learned most of what they wrote from the Dutch. Free markets are nothing more than the implementation of property rights, for without free markets, property rights are just an airy idea. As Mr. Morriss shows, the Bible is full of free market teachings.