Monthly Archives: July 2016

Spring 2016 issue of Faith & Economics now available to members

The Spring 2016 issue of Faith & Economics is now available to members. Issue number 67 is a theme issue focusing on three key economic texts all written in the 1890’s, with four articles exploring different key works, and two discussant essays examining the contributions. The issue also features a series of book reviews focusing on recent books in development economics.

Members of the Association of Christian Economists receive electronic access immediately upon publication, but non-members cannot access the latest content until after a one-year delay. For information about joining the association, click here.

Faith & Economics – Spring 2016








Introduction to the Theme Issue 
Kurt C. Schaefer


Alfred Marshall: Why He Matters 
Kenneth G. Elzinga

Rerum Novarum and Economic Thought 
A. M. C. Waterman

Toward a Kuyperian Political Economy: On the Relationship between Ethics and Economics
Dylan Pahman

Orthodoxy, Orthopraxis, and Orthopathy: Collaborative Scholarship between Economists and Theologians
D. Glenn Butner, Jr.


Adding Context to Text and Theory
James D. Bratt

No “Aphoristic Spectacle of Cruel Passions”: Economics, Natural Law, and the History of Ideas
Steven G. Medema


Education Policy in Developing Countries
Paul Glewwe (Ed.)
Reviewed by David C. Phillips

Inequality: What Can Be Done? 
Anthony B. Atkinson
Reviewed by Stephen P. Barrows

Development Economics: Theory, Empirical Research, and Policy Analysis 
Julie Schaffner
Reviewed by Winnie Fung

Food Security and Sociopolitical Stability 
Christopher B. Barrett (Ed.)
Reviewed by Paul E. McNamara

The Mystery of the Invisible Hand 
Marshall Jevons
Reviewed by Tisha L. N. Emerson

The Age of Sustainable Development 
Jeffrey D. Sachs
Reviewed by Jeremy P. Thornton

Toward a Kuyperian Political Economy – Pahman


Toward a Kuyperian Political Economy: On the Relationship between Ethics and Economics 
Dylan Pahman
Acton Institute
Sophia Institute
Abstract: Modern economics is generally considered an entirely positive
Modern economics is generally considered an entirely positive
field of study, and the role of ethics and normative analysis is found to
be irrelevant in contrast to facts and data. However, economics was once
considered a portion of the broader field of political economy that evolved
from the study of moral theology, and this origin is significant in understanding
the extent to which normative analysis is appropriate in economics.
Dutch theologian and statesman Abraham Kuyper emphasizes the use
of sphere sovereignty to explain the relationship between different academic
disciplines, and his perspective is applicable to the discussion of the role
of normative analysis in economics. Kuyper found that while each sphere
of study is distinct, each sphere is essentially related to the spheres that it
evolves from. This paper applies the theological perspective of Kuyper to
the field of economics and compares and contrasts this point of view with
modern scholarly opinion on the subject.