The Reformed Presbyterian Testimony on Economics

Economics

11. The Scriptures teach that everything belongs to God; that the authority and power to obtain and use goods are given by God; and that men are to seek God’s glory in the use of their goods. The Scriptures direct how goods are to be obtained and used. No existing economic system incorporates all these teachings.
1 Cor. 10:26; Deut. 8:18; 2 Chron. 1:12; Luke 12:13-21; Ps. 112; Acts 5:4; 1 Tim. 6:6-10, 17-19; Jas. 4:13.

12. We reject Marxist communism because of its doctrines of atheism, necessary class struggle, economic determinism, dialectical materialism, and the inherent illegitimacy of private property.

13. We reject that form of capitalism which holds that men possess absolute property rights and that the state has no right to protect the weak and restrain evil in economic affairs.

14. We reject that form of socialism which denies the right to own property. We warn against the concentration of economic power in the hands of the state, as it tends to deprive men of the due reward of their labor.
Deut. 17:14-20; 1 Sam. 8:10-18.

15. The Scriptures require the Christian to exercise stewardship over his possessions. In view of that requirement, he should contribute gladly to the Lord’s work and give generously to the poor and needy. Under the old covenant the Lord required the practice of tithing. Recognizing the greater blessings under the new covenant and the fact that Christ endorsed tithing, the Christian should respond out of love by giving at least as great a proportion of his income to the Lord’s work through the Church.
Deut. 26:12-15; Mal. 3:10; Matt. 23:23.

16. The Church, regardless of the economic system under which it exists, has the duty to speak against social evils such as oppression of the poor. The Church must never become the instrument of any powerful exploiting class.
Amos 8:4-7; Isa. 5:8; Gal. 2:10; Prov. 14:21, 31; 1 John 3:17; Luke 18:22; Ps. 35:10; Ps. 41:1; Ps. 82:4.

17. To possess wealth is not in itself sinful, but men should resist the temptation to accumulate wealth by exploiting others or for sinful purposes.
Mic. 2:2; 1 Cor. 10:24; Eph. 4:28; 1 Tim. 6:6-10, 17-19.

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2 responses to this post.

  1. Posted by Ted Warren on Friday: September 26, 2008 at 9:20 AM

    Hey Shawn,

    Wow. It is great to sse that you are interested in Austrian Economics. Hope all is well with you and your family.

    Ted

    Reply

  2. Posted by Jason Schuiling on Wednesday: October 08, 2008 at 2:31 AM

    God bless the RP’s for this faithful and level-headed testimony, neither Austrian nor Keynesian nor otherwise, but Biblical. Would be interesting to see some future treatment of usury, just balances, and concrete Biblical standards for Christian investing.

    Reply

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