“Economics is complicated,” says Derek Rishmawy in his review of John Bolt’s new book, Economic Shalom. “Establishing a Christian approach to economics seems even more daunting a task, especially given the amount of ink that’s been spilled when it comes to a Christian approach to money and wealth.”
The primary strength of Bolt’s proposal is try to move us past the simple biblicism that tends to run rampant in these theological discussions. In the first chapter, he disposes of the idea that there is clearly one “biblical economics” that can be cleanly read off the surface of the text. He does so partially by surveying the economic thought of three major christian ethicists, Walter Rauschenbusch, Ronald Sider, and David Chilton, using essentially the same biblicistic assumptions, end up with a wide variety of contradictory economic proposals ranging from interventionist socialism to theonomic libertarianism.
Instead, he holds up the thought of Herman Bavinck, who put forward a more chastened reading of Scripture that takes into account it’s salvific purposes . . .
Instead of piling up a bunch of verses and trying to see which specific commands can be cleanly mapped onto the current political system, Bavinck proposes we recover the main spiritual purpose of the Scriptures–the restoration of fallen man to God through the Gospel. From there, humans begin to be restored to their proper relationships with each other and are enabled to begin taking up the form of life rooted in God’s creational norms. Where do we go to find those norms? Well, back to the Scriptures, but now, we don’t go looking for particular commands, but the general principles that underlie and inform them. For this reason, Bavinck won’t speak directly of a “biblical economics”, but rather an economic system that is consistent with Scripture.