This week, my article on Abraham Kuyper and the relationship between ethics and economics was published in Faith & Economics. The abstract is below. The issue also includes two other articles and two response articles. So be sure to order a copy or subscribe!
Modern economics is generally considered an entirely positive field of study, and the role of ethics and normative analysis is found to be irrelevant in contrast to facts and data. However, economics was once considered a portion of the broader field of political economy that evolved from the study of moral theology, and this origin is significant in understanding the extent to which normative analysis is appropriate in economics. Dutch theologian and statesman Abraham Kuyper emphasizes the use of sphere sovereignty to explain the relationship between different academic disciplines, and his perspective is applicable to the discussion of the role of normative analysis in economics. Kuyper found that while each sphere of study is distinct, each sphere is essentially related to the spheres that it evolves from. This paper applies the theological perspective of Kuyper to the field of economics and compares and contrasts this point of view with modern scholarly opinion on the subject.
Read the whole article here.