Business Administration Faculty Presentations

Document Type

Conference Presentation

Conference/Event

Southern Economic Association

Location

Atlanta, GA

Event Date

11-23-2014

Keywords

Sanctification, stewardship, Biblical support for free markets

Abstract

This article reviews the biblical doctrines of sanctification and stewardship, and assesses the implications for economic institutional arrangements. Sanctification is one part of the process of salvation, yet it is the one aspect (in addition to initial repentance) that requires human partnership with what God is doing to redeem a people. Sanctification is seen to be the changing of our heart’s inclinations as we increasingly apply the truth of God in our daily, moment-by-moment actions. Thus our freedom to choose has eternal consequences as we become increasingly conformed to the image of Christ. While sanctification occurs in many facets of life, stewardship of resources that God has delegated to us is a responsibility that covers most of our daily lives. How we individually steward God’s material resources is an area of growth in the Christian walk. Biblical stewards are not to simply provide an accounting of the use of God’s resources, but rather they are expected to grow and optimize those resources. Free market institutions provide a favorable testing environment for sanctification of God’s people in the dimension of material possessions. Restrictions on freedom in markets thus limit the growth that an individual can achieve in this facet of sanctification.

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

docsSouthern Economic Association Presentation.pdf (204 kB)
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