Abstract
We presented the issue of personal wealth drawing mainly from the economics of Keynes, and from New Testament, introducing the fact that a human being has two lifetimes. The second lasts an infinitum time, based on the assumption that soul is immortal. We showed also that “disutility of labor” and unhappiness introduced first by God; economists then tried to balance it with utility of consumption (in 1854) focusing on human body, and ignoring human soul, mind and their needs. We also presented as to how a World War can boost growth of GDP. When Ricardo raised the issue of how GDP is divided among factors of production, and that only labor creates value along with Marx, society divided, while religion wanted it united and peaceful. Protestantism made work as god. Concluding we said that an “uncontrolled personal wealth” is detrimental from both economic and religious point of view. Dealing with matters of Christian Orthodoxy for years, made us proficient. We believe, or rather audacious, to underline certain fundamental principles of it.
Highlights
We presented the issue of personal wealth drawing mainly from the economics of Keynes, and from New Testament, introducing the fact that a human being has two lifetimes
We showed that “disutility of labor” and unhappiness introduced first by God; economists tried to balance it with utility of consumption focusing on human body, and ignoring human soul, mind and their needs
Concluding we said that an “uncontrolled personal wealth” is detrimental from both economic and religious point of view
Summary
We believe that few know what their religion suggests on “basic economic issues”, like e.g. on the question: “To create a personal wealth”? Many believe that religion has nothing to do with economics. Among early Christians free food was provided to those who could not afford it at home, out of a spirit of common sympathy and solidarity [4] They sold their property and placed the entire money at the disposal of Apostles, so that to be given to those with no means according to their needs [4]. Keynes [5] mentioned the post-war experiences of GB and USA, where a great accumulation of wealth led to the fall of MEC (marginal efficiency of capital) to be >than the fall of the rate of interest This prevented a reasonable level of employment, and an attainable standard of living (italics and bolds added).
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