Adam Smith, the “Father” of Economics

All sin goes back to Adam.

Romans 5:14,  “Nevertheless death reigned from Adam to Moses, even over them that had not sinned after the similitude of Adam’s transgression, who is the figure of him that was to come.”

1Corinthians 15:22,  “For as in Adam all die, even so in Christ shall all be made alive.”

In Matthew 24 Jesus predicted that in the end times the disappearance of LOVE would be preceded by the rise of false prophets.

And many false prophets shall rise, and shall deceive many. And because iniquity shall abound, the love of many shall wax cold.  (Mat 24:11-12)

In 2 Peter 2 there is a description of false prophets. The descriptions point to the modern-day rise of economists as the “experts” preaching to society regarding the “right way to live.” Several of these descriptions stand out, but consider the following sentence in verse 14: “They have hearts trained in greed.” (ESV)

In the past I have recommended the book “Adam Smith’s Mistake” by Ken Lux, as an excellent introduction to the principles of capitalism that were seeds destined to bear wicked fruit.

http://www.amazon.com/Adam-Smiths-Mistake-Philosopher-Economics/dp/087773593X/ref=sr_1_1?ie=UTF8&qid=1355019815&sr=8-1&keywords=kenneth+lux

Adam Smith is regarded as the “Father” of the field of ECONOMICS, which has become the science of how we organize society and live our lives. As such his ideas are a type of “original sin.” Adam Smith popularized the idea that “self-interest” was a good and proper motivation for economic activity. I’ll leave further commentary on this to Thomas Storck, who breaks all of this down in his recent article on self-interest and greed that refers back to Adam Smith:

The Butcher, the Baker, the Candlestick Maker

But if pursuing capitalism is not a righteous way to live, then what is the alternative!? 

Jesus Christ did not come merely to teach us new things to BELIEVE, He also came to teach us a better way to LIVE. All of the principles we need to live righteous lives are right there in the New Testament. Discovering where Christianity is compatible with capitalism, and where it is not, and then making a separation, will be part of answering the call for the people of God to “Come out of Babylon.”


2 thoughts on “Adam Smith, the “Father” of Economics

  1. i think you misrepresent Adam Smith in just about every possible way. For example, I read this: http://www.redmoonrising.com/AmericanBabylon/Part1.htm

    In which you praise Alexander Hamilton, which is good. He was an awesome founding father and arguably my favorite. But you have err in 2 things….

    1: you think Hamilton and Smith are in opposite sides as far as policy is concerned, but if you read Book 5 of the Wealth of Nations, you will see that there are clear similarities between the two. Hell, Hamilton’s support for tariffs comes directly from Smith’s book.

    2: you say that Hamilton is the founder of the American School of Economics, this is false. He is of course a big influence, but the American School, especially Clay, has viewed Hamilton as a protectionist, this is false. Just because one supports MODERATE tariffs (as both Hamilton and Smith did) does not mean they agree with protectionist policy.

    Like

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