Contrary to popular belief, economic policies are moral issues. Additionally, understanding good government cannot be divorced from understanding sound economics. Much of what we deal with in government are actually economic questions.
This session (split in two parts) explains the competing economic systems and the moral implications of each of them. IPS President, Mike Winther, introduces the concepts of capital and profit. Digging further, Mike provides a more thorough understanding of supply, demand, money, prices, and inflation. Several examples relating to micro and macro economics are explained.
Among many passages in Scripture regarding economics, a key passage to consider is from the book of Proverbs.
“The Lord abhors dishonest scales, but accurate weights are His delight.“Proverbs 11:1
At first, you may not see how this passage relates to economics. After viewing the session, however, you’ll have a solid grasp on how this verse is applicable.