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Biblical Foundations of Economic Development
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Biblical Foundations of Economic Development
Biblical Foundations of Economic Development
Study
1
Question
Who are the primary audiences for Grudem and Asmus's book?
Page 1
Answer
National leaders and Christians (pastors, leaders, and students).
2
Question
What key message do Grudem and Asmus communicate to their audience?
Page 1
Answer
The Bible supports personal responsibility and hard work in a fair environment to bring nations from poverty to prosperity.
3
Question
How do Grudem and Asmus describe the solution to economic development?
Page 1
Answer
Multifaceted with core goal of creating wealth instead of redistributing it.
4
Question
What are the three main components to move a nation from poverty to wealth?
Page 1
Answer
1. Government protects from fraud/contracts. 2. Freedoms to work, buy/sell, travel. 3. Citizens value hard work, responsibility, fair business.
5
Question
What Biblical basis supports economic development according to page 1?
Page 1
Answer
Genesis 1:28: God commanded Adam and Eve to be fruitful, multiply, fill earth, subdue it, dominion over creatures.
6
Question
What are the bases for economic development per Grudem and Asmus?
Page 1
Answer
Rule of Law, personal freedoms, culture embracing honesty and hard work.
7
Question
Why heed the Bible for economic development per Grudem and Asmus?
Page 1
Answer
Applying Biblical principles in lower-income countries requires honesty and fair systems leading to long-term prosperity.
8
Question
What does 2 Timothy 3:16 state about scripture?
Page 2
Answer
All scripture is God-breathed and useful for teaching, rebuking, correcting, training in righteousness.
9
Question
How does the Bible model economic development?
Page 2
Answer
Commands use of resources for benefit, Genesis 1:28 fruitful dominion, Ten Commandments against steal/covet for honesty.
10
Question
Will Biblical principles automatically lead to economic development in lower-income countries?
Page 2
Answer
No, requires honesty, fair systems, long-term government commitment for gradual prosperity.
11
Question
Why should Christians care about economic development in lower-income countries?
Page 2
Answer
All made in God's image, uphold love God/neighbor commandments (Matthew 22:37-40).
12
Question
What is Grudem and Asmus's main goal for promoting economic development?
Page 3
Answer
Long-term sustainable solution to poverty via government policies for production growth, jobs, financial benefits for all.
13
Question
How is a country's wealth or poverty measured by GDP?
Page 3
Answer
Total market value of all goods and services produced legally in a year.
14
Question
What is per capita income and its limitations?
Page 3
Answer
GDP divided by population; excludes leisure, faith, family bonds.
15
Question
How did shirt production contribute to the Industrial Revolution?
Page 3
Answer
Hand-made slow couldn't meet demand; machines/factories bulk faster, increased GDP/per capita in Great Britain.
16
Question
What Biblical support exists for increasing per capita income?
Page 4
Answer
Produce more goods/services; stewardship Gen1:28, Prov10:4 diligent wealth, Deut8:7-10 blessings thru work.
17
Question
What defines the free market system per the notes?
Page 4
Answer
Free choices of individuals based on private ownership and fair opportunity to create goods/services driving development.
18
Question
What cultural basis is needed for economic development?
Page 5
Answer
Rooted in honesty, encouraging/rewarding hard work ethic, trust in the system.
19
Question
What is the role of government in Rule of Law for development?
Page 5
Answer
Establishes laws for all citizens including leaders, holds accountable to same standard.
20
Question
How does Rule of Law apply regardless of differences?
Page 5
Answer
For all people regardless of gender, religion, race; equal treatment men/women (Gen 1:27).
21
Question
What must free-market facilitate for inclusion?
Page 5
Answer
All sectors: male/female, rich/poor, old/young; no exclusion.
22
Question
Why are alternative goals like foreign aid misguided?
Page 5
Answer
Creates dependency, no long-term production increase.
23
Question
What Biblical critique applies to debt forgiveness?
Page 6
Answer
Does not increase production, makes more indebted; Psalm 37:21 wicked borrows not repays.
24
Question
Why is fair trade not a long-term solution?
Page 6
Answer
Urges higher pay from kindness, short-term; not sustained buying.
25
Question
What Biblical support for work in free market?
Page 6
Answer
1 Tim 5:8 provide for relatives or deny faith; 2 Thess 3:10 unwilling work not eat.
26
Question
What Biblical basis for private property rights?
Page 6
Answer
Exodus 20:15 'You shall not steal' implies ownership.
27
Question
What Biblical principle for honest exchanges?
Page 6
Answer
Proverbs 11:1 Lord detests dishonest scales, favors accurate weights.
28
Question
What is the lesson from Parable of the Talents (Matt 25:14-30)?
Page 7
Answer
Wise servants double money commended; lazy buries punished as unfaithful.
29
Question
How does supply and demand promote development?
Page 7
Answer
Market signals products to make/spend time; fosters innovation, competition, better options/pricing.
30
Question
Why are personal property rights essential?
Page 7
Answer
Legal title proves ownership, enables profit sale, government protects investment confidence.