Theologian Wayne Grudem has teamed up with economist Barry Asmus to write a book on poverty entitled The Poverty of Nations: A Sustainable Solution. On this edition of Radio Free Acton, we explore the fundamentals of growth and human flourishing, and how Christians should understand economics and aid. You can listen via the audio player below.
“There is only one effective solution to world poverty,” says theologian Wayne Grudem in a recent lecture on his latest book, The Poverty of Nations, co-authored with economist Barry Asmus. That solution, he argues, is a rightly ordered free market, and such a solution, he goes further, is “consistent with the teachings of the Bible about productivity, property, government, and personal moral values.”
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Grudem’s primary question, “What causes wealth or poverty in the world?,” is not new, but he approaches it from a distinctly Christian perspective. Assessing the question from three distinct angles — a nation’s economic system, government, and cultural beliefs and values — Grudem and Asmus propose 79 factors that “will help nations escape from poverty and move toward prosperity.” (more…)