Dr. Arnott's

Articles & Thoughts

The Christian Economist

#83 Secular Stagnation

Secular Stagnation Secular stagnation is caused by economic policies that are rooted in a non-Christian worldview. “The award for shortest-lived economic theory in history goes to Larry Summers for Secular Stagnation.” That’s a quip I wrote to a friend a few years ago.  Here’s the background.  There were questions about why the economy was not…
Read More
The Christian Economist

#82 Shopping Cart Economics

The Economics of Self-Governing Self-governing is a Christian concept that improves economic outcomes for all consumers. The Shopping cart theory Here’s a story that’s been going around the social media outlets.  The shopping cart is the ultimate litmus test for whether a person is capable of self-governing. To return the shopping cart is an easy,…
Read More
10 Commandments of Economics

The Ten Commandments of Economics

God communicates His creational intent to us through the Bible, His written word for Christians.  As we search the scriptures, we find ten “commandments” regarding the production and distribution of scarce resources: people should be free, work is good, don’t steal, don’t covet, use honest measures, trade is good, love your neighbor as yourself, take…
Read More
god greed money

Money, Greed, and God: Why Capitalism is the Solution and not the Problem

Note: below are some excerpts from one of my favorite books on Christian Economics. By Jay Richards The few remaining communists are cloistered mostly in places like Harvard and Havana (pg.2) (Money, Greed, and God by Jay Richards) At bottom, economics is about us – what we choose, what we value, what we represent in…
Read More
Economics in Christian Perspective

Economics in Christian Perspective: Theory, Policy and Life Choices

Note: below are some excerpts from one of my favorite books on Christian Economics. By Victor V. Claar & Robin J. Klay To remain healthy, societies must be vigilant regarding the rights and responsibilities of the three sectors-governments, markets, and private/ voluntary organizations-so that none unduly encroaches on the domain and responsibilities of another. (Economics…
Read More
imagine

Imagine That: A Christian Worldview Case Study

When John Lennon sang, “Imagine no possessions,” he added more to his possessions than any other song he possessed. Here is a Christian worldview analysis of the popular song, “Imagine” (Lennon, 1971, A1): When John Lennon sang, “Imagine no possessions,” he added more to his possessions than any other song he possessed. Imagine there’s no…
Read More