When Nobel Laureate Coase showed private markets could resolve externalities, which normally governments are expected to do, he also showed that social efficiency can obtain by bribing others to not abuse your rights, privileges or immunities.
The separating of the social costs of one's actions from their private costs of those actions is supposed to be resolved by tax or transfer payment, not bribes (pecuniary or non-pecuniary).
The golden rule is relying on social equity to obtain social efficiency, and having to bribe someone to achieve social efficiency is "do as they say, not as they do", which Jesus labels as hypocrites.
Definition: an externality is another's consumption of good or service affecting you, such as their smoking cigs is a negative externality to you, whereas a family member's joy over your Christmas present to them would be a positive externality.
There is no question that any system involving people will necessarily involve sin. Nevertheless, free exchange requires that I meet someone else's needs if I want to meet my own. Nearly everything else is theft (and covetousness) and thus outside the system.
I believe that capitalism is a man made system and is subject to abuse, but it also provides the best framework to live a christian life. I recall a statement I once heard ,“ You pray in the name of Jesus Christ but do you work in the name of Jesus Christ “. The first part references the authority that has been given to our lord. The second part of that statement refers to our acceptance of his teachings. ( simply said the two great commandments ). The first being ( restated “Live our life only in response to our love of God”) the second being (also restated “ Selflessly consider the wellbeing of others we interact with”). I am now retired but when I was employed I tried to provide more than what I was paid for. This is the way I was raised. As I got older and started looking into this Christianity I realized that I had been complying with the second commandment. My concerns were how my efforts affected my employer and those who received my services and not my pay or position. When the reason for this attitude changed from “ that’s the way I was raised” to “ that’s what our Father in Heaven want’s me to do” I was working in the name of Jesus. I won’t get into the contentment and peace that gave me, that’s for another time.
It isn’t hard to imagine how that the approach to work was rewarded by employer and customers especially in a capitalistic system. I was paid well, appreciated, and kept employed until I retired. This is the benefit of capitalism. It is also a curse to Christian living.
When the wealth, position, power, acclaim et.al. provided by this system becomes our focus and not our consideration for others we leavJesus
In an authoritarian system our work in Jesus’s name may gain only a wip and staff
I think all of our best systems are human interpretations of God's revelation. In the case of Capitalism, it is an effort (albeit unintentional by many) to follow God's laws regarding property, work, and persuasion rather than coercion or fraud. Any particular interpretation may be off in any number of particulars, but there's no escaping what the Bible has to say on these issues.
And when followed, these principles incentivize even wicked men to do good.
Excellent. This is from my 2013 book, Thy Will Be Done, published by Nordskog on Christian Stewardship vs the Alternatives. The spectrum idea originated with Paul Jehle. Endorsed by Mark Rushdoony, Martin Selebrede, George Grant, etc. https://getwisdom.us/christian-stewardship-vs-the-flesh/.
When Nobel Laureate Coase showed private markets could resolve externalities, which normally governments are expected to do, he also showed that social efficiency can obtain by bribing others to not abuse your rights, privileges or immunities.
The separating of the social costs of one's actions from their private costs of those actions is supposed to be resolved by tax or transfer payment, not bribes (pecuniary or non-pecuniary).
The golden rule is relying on social equity to obtain social efficiency, and having to bribe someone to achieve social efficiency is "do as they say, not as they do", which Jesus labels as hypocrites.
Definition: an externality is another's consumption of good or service affecting you, such as their smoking cigs is a negative externality to you, whereas a family member's joy over your Christmas present to them would be a positive externality.
There is no question that any system involving people will necessarily involve sin. Nevertheless, free exchange requires that I meet someone else's needs if I want to meet my own. Nearly everything else is theft (and covetousness) and thus outside the system.
"God hates a bribe."
I believe that capitalism is a man made system and is subject to abuse, but it also provides the best framework to live a christian life. I recall a statement I once heard ,“ You pray in the name of Jesus Christ but do you work in the name of Jesus Christ “. The first part references the authority that has been given to our lord. The second part of that statement refers to our acceptance of his teachings. ( simply said the two great commandments ). The first being ( restated “Live our life only in response to our love of God”) the second being (also restated “ Selflessly consider the wellbeing of others we interact with”). I am now retired but when I was employed I tried to provide more than what I was paid for. This is the way I was raised. As I got older and started looking into this Christianity I realized that I had been complying with the second commandment. My concerns were how my efforts affected my employer and those who received my services and not my pay or position. When the reason for this attitude changed from “ that’s the way I was raised” to “ that’s what our Father in Heaven want’s me to do” I was working in the name of Jesus. I won’t get into the contentment and peace that gave me, that’s for another time.
It isn’t hard to imagine how that the approach to work was rewarded by employer and customers especially in a capitalistic system. I was paid well, appreciated, and kept employed until I retired. This is the benefit of capitalism. It is also a curse to Christian living.
When the wealth, position, power, acclaim et.al. provided by this system becomes our focus and not our consideration for others we leavJesus
In an authoritarian system our work in Jesus’s name may gain only a wip and staff
I think all of our best systems are human interpretations of God's revelation. In the case of Capitalism, it is an effort (albeit unintentional by many) to follow God's laws regarding property, work, and persuasion rather than coercion or fraud. Any particular interpretation may be off in any number of particulars, but there's no escaping what the Bible has to say on these issues.
And when followed, these principles incentivize even wicked men to do good.
Excellent. This is from my 2013 book, Thy Will Be Done, published by Nordskog on Christian Stewardship vs the Alternatives. The spectrum idea originated with Paul Jehle. Endorsed by Mark Rushdoony, Martin Selebrede, George Grant, etc. https://getwisdom.us/christian-stewardship-vs-the-flesh/.
Wonderful!
Thank you, sir!