Bulls, Bears and Golden Calves: Applying Christian Ethics in Economics

Self-interest, economic efficiency and private property rights are among the most basic assumptions of market economics. But can an economic theory built on these assumptions alone provide adequate insight into human nature, motivation and ultimate goals to guide our economic life? John Stapleford says no, along with those economists who recognize the limits of their discipline. He insightfully shows us in detail how ethics are inextricably intertwined with economic life and analysis. Writing from a Christian ethical perspective, he interacts with seven standard introductory economics texts, exploring the moral challenges embedded in various macro-, micro- and international economic theories and outlining a faithful response to them. The third edition includes two new chapters on economics as a science and global poverty plus expanded discussions of entitlements, government debt, healthcare reform and immigration reform. Keyed to seven of the most widely used introductory economics texts?Gwartney, Stroup Sobel; Mankiw; Mansfield Behravesh; McConnell Brue; Miller; Samuelson Nordhaus; and Stiglitz?this book will be especially useful for introductory courses in economics. Review "Bulls, Bears, and Golden Calves is a simply phenomenal read that will challenge all readers to live out a Christian life in the realm of economics." -- J.W. Wartick, "Always Have a Reason", April 29, 2015 Review "The study of economics should not be disconnected from ethical concerns. Bulls, Bears and Golden Calves provides clear guidance for identifying and discussing, within a Christian framework, important ethical issues connected to an economy's organization. Keying the book to the leading textbooks, John Stapleford provides an indispensable resource for students and teachers of introductory economics courses?though the book merits study outside the classroom as well. I particularly appreciated the faithful reliance on Scripture as the ethical benchmark applied throughout the book." -- Kenneth G. Elzinga, Professor of Economics, University of Virginia About the Author John E. Stapleford (PhD, University of Delaware) is president of the Caesar Rodney Institute, an education nonprofit. He is also principle in DECON First and a professor emeritus of economic development with Eastern University. Previously he was an associate director and senior economist with Moody's Analytics.