Jeff Van Duzer: The Role Of Faith In Economics

The world often sees faith as separate from different aspects of today’s society. However, this is completely the opposite. Faith is shown in our actions and what we do in the world. It can be seen in the government all the way to economics. It’s everywhere, sometimes we just miss it. Jeff Van Duzer and George N. Monsma Jr. looked deep into how faith is related to economics. They found that economics is mentioned many times in different places in the Bible. It actually is one of the bigger themes talked about throughout the Bible. If it is a big issue in the Bible shouldn’t it be a big part of our lives? As we look at how the world works through economics we can see faith being a played out in a variety of markets. Everywhere from the small business right down the street to the friday night lights in the professional football league. Every market, however big or small, faith can be seen working in it and through it.
Jeff Van Duzer explores how good Christian ethics can be seen in a competitive market environment. Van Duzer
While studying the NFL ticket market I found that there is a lot more taken into account than just the buying and selling of a ticket. A big part of it is what the selling the ticket is for. Sometimes selling a ticket is to bring in more people other times it may be to improve understanding and quality for the fans. However it is all planned around receiving as much revenue as possible. Mankiw text would say to price the ticket as high as possible and to charge everybody for the ticket. However there may be a young boy suffering in the hospital whose dream is to go to the big football game. Christian ethics wouldn’t charge the boy for the ticket, it’d help and love the boy by giving him tickets. This is a small example of how Christian ethics could be shown in the NFL ticket market, but it is still there. Faith is and should be seen in