Today is Blog Action Day 2008, and this year’s theme is poverty, so I thought it would be interesting to blog about “Biblical economics”. There is a long history of appealing to the Bible to justify economic practices, such as the notion that the commandment not to steal places a divine stamp of approval on the notion of private/personal property. And of course, were it not for such arguments, the alliance between conservative Christianity and Republican values would be completely inexplicable.
Yet there is much more in the Bible that is often overlooked from this perspective. If one considers the legislation about the Jubilee year in Leviticus 25, what one finds there is quite far from the notion of private property. Indeed, the land is emphatically said to belong to Yahweh, and about once per generation, the land would return to its original owner.
I do think Christians ought to be concerned about poverty and social justice, which is emphasized in the Bible to such an extent that it can be baffling how it is ignored by such large numbers of Christians. But perhaps a key reason is not a failure to notice what the Bible says, but confusion about how to apply it. Reinstituting the Biblical “year of Jubilee” would not help alleviate poverty. Wealth is amassed rather than land, and presumably it would make no sense to suggest that dollar bills should return to their original owners once every 70 years. Our economic system is very different than that of the ancient economy for which the author of Leviticus sought to offer a solution.
An interesting case in point is the Bible’s condemnation of usury, of lending with interest. There is probably no better example of the selectivity nearly all Christians today practice when it comes to the Bible. But for those of us who are aware that we are not trying to practice the whole Bible and don’t think it makes sense to do that, this is less of a problem. Modern banking and loans depend on interest, and were all lending with interest illegal, many people who are slowly but surely buying their homes would never have been able to do so. The point of the laws against usury is to protect the poor, and the challenge for Christians, as for all people concerned with issues of poverty and social justice, is to find creative ways of addressing these issues in a world very different from that in which the Bible’s laws were crafted. Would a world without a stock market (and thus without modern retirement pensions), without banks, and without mortgages really be more just? The challenge is to find ways of ensuring justice and fairness.
Approaching matters of economics from a Christian perspective today does not and cannot mean to emulate precisely what past generations of Christians did. It can and perhaps must mean to identify key principles about love and compassion, justice and combatting poverty, that we must then seek to work out in our own very different context and situation. And that, perhaps, is why so few Christians do anything more than give a little and pray a little when confronted with the injustices of our time. To do anything more will involve research, creativity, and most likely much trial and error.
But for those who truly embrace the principle found in Christianity and elsewhere, that we are to do to others what we would want done to us, then doing nothing is simply not an option.