[The following is an article published in the June 2025 issue of Sydenham Life, the parish magazine of St Bartholomew's Church, Sydenham. The title was not of my choosing.]
On the morning of Donald Trump’s inauguration as president of the United States of America he attended a service of Christian worship at the national cathedral. In her sermon the Bishop, the Right Rev Mariann Edgar Budde, urged the new president to ‘have mercy’ on people in the country ‘who are scared now’, particularly LGBTQ+ and immigrants. A month later Trump announced cuts to USAid amounting to $60bn in US assistance worldwide. As I write the UN Food Programme announces it is forced to halt treatment for more than 1/2m malnourished women and children in Ethiopia due to lack of funding.
I have been asked to offer a ‘Biblical take’ on the economics of trade and aid in light of current events. The short response is, there is no economic theory in the Bible as we would think of it. There are certainly a lot of people who think otherwise. Go to your search-engine of choice for advice on what the Bible says about money and you will find many people willing to reveal ’13 secrets of wealth in the Bible’, ‘6 keys to guarantee Biblical wealth and prosperity’, or ‘5 biblical secrets to make you a millionaire!’. There are fewer who offer courses on a ‘Biblical Economics’, yet they select much the same Bible verses, scattered throughout the Bible, and develop ‘principles’ from them. Interestingly, most come solidly down on the side of the free market.
As in any discussion of a ‘biblical view’ on contemporary issues, the biggest question is the presuppositions of the interpreter. The websites just mentioned come to the Bible with a view that it consists of propositional truths that must be mined. One simply looks for verses that say something about money or finance, and derive ‘principles’ from them. Sayings in the Proverbs are favoured highly, then laws from Moses, then from the New Testament—leaning heavily on the letters of Paul. Context does not matter, whether historical or textual. Each text has its own principle. For example, one finds capitalism in the Proverbs: “The scriptures assume an understanding of supply and demand curves (Prov 11:26)”, which says ‘The people curse those who hold back grain, but a blessing is on the head of those who sell it’. It is possible to see this as an example of supply and demand, but it also an example of manipulation of supply of which the Proverbs’ Wise One clearly disapproves. Is it a God-given principle?
Bible verses/contexts that contradict these principles are not difficult to find. From the Old Testament, e.g., Exodus 22:25, ‘If you lend money to my people…you shall not extract interest from them’; not good news for capitalists. Studiously ignored are New Testament portrayals of some sort of communalism at the very beginning of the Jerusalem church, seen in Acts 2:44-45, ‘All who believed were together and had all things in common; they would sell their possessions and goods and distribute the proceeds to all, as any had need’. A little later in Acts 4:32, ‘The whole group of those who believed were of one heart and soul, and no one claimed private ownership of any possessions’ (NRSV translation).
In the years just after the fall of the Iron Curtain and Soviet-style Communism, I taught classes surveying the Bible in both Kiev and Moscow to young people who had never read the Bible before. It was a fascinating learning experience for us all. But what startled me was the responses to reading these stories of the beginning of the Church; these youngsters who had lived their whole lives under Soviet-dictated atheism immediately began speaking heatedly amongst themselves. My interpreters got involved in the discussions as well, and it took me some time to learn what had sparked off the response—they recognized Acts as a description of the socialism they had just discarded. Interesting conversations followed.
The point is, one can find free market capitalism, and one can find socialism in the Bible.
The New Testament is written in a world of empire. Rome was an occupier in Judaea and derived heavy taxes from the occupied. The economy was largely agrarian, and the land owned by a very few. As many as a third of the population were slaves, affecting the labour economy. The upper 1.5% held 20% of the wealth. The cost of military security was the largest budgetary item. Jesus was born into a low-economic status household in an occupied state. How do we apply this to our time?
It is reasonable, I think, to look at the history of Christianity as successive-if-not-successful experiments in engaging scripture with the politics of the day. We are now witnessing the collapse of the attempt to match democracy with capitalism. In the chaos that is the world of Trump we do not yet know what will be next. In 1921 R H Tawney, an economic historian at the University of London, delivered a series of lectures titled, Religion and the Rise of Capitalism. He shared with Max Weber, Protestant Ethic and the Spirit of Capitalism, attribution of the rise of capitalism to late-17th C Puritanism (there is another article in this!). Tawney lists four main attitudes toward economic relations by religious opinion which remain insightful today:
1. Ascetic aloofness and escape; exemplified in monasticism, and such as the Amish.
2. Ignore them as worldly matters of no concern to religion; seen in much of 20th Century Evangelicalism.
3. Throw itself into agitation for some particular reform or revolution; found in every era of Christian history, with Christian Socialists (e.g., Methodist chapels and Labour), a British example; and, arguably, Puritans—founders of capitalism as we have come to know it.
4. Accept and criticize, tolerate and amend; probably the majority attitude throughout history.
With these in mind, we turn to the Bible, limited by space here to the Gospels, source of the teaching of Jesus, to see how money and the economy of its time is portrayed. Matthew, and Luke share most of the examples.
Firstly, the Gospels are non-committal on the economic system of the day.
· In Mt 18 the parable is told of a steward to a king owed 10,000 talents (a talent of silver was equal to 6,000 denarii, which was the standard day-rate for labour) and could not repay it, so was to be thrown into debtor’s prison. The king forgave the debt. The steward then went out and found a co-worker who owed 100 denarii (three months’ minimum wage), could not pay, and had him thrown into prison. When this was reported to the king he had that steward handed over to the torturers until he paid his whole debt. (I know, how can you repay money while being tortured in prison?) Jesus does not comment on the system of debtors prisons, but the common practice is used as an illustration of forgiveness/remission of debts.
· Mt 20 describes the Day-workers system, still found today, where men wait on street-corners for prospective work for the day. An employer cannot find enough workers at the start of the day, so returns several times to find more workers. At the end of the day he gives all the workers the full day’s wage (a denarius). Again, the system is not commented on, but the justice of giving a daily wage sufficient for the day’s needs (daily bread), regardless of circumstances, is argued.
· Mt 21 tells the story of a landowner who plants a vineyard and lets it out to tenants. The tenants refuse to pay their rent, and ultimately kill the landowner’s son who is sent to persuade them. Jesus asks his listeners what they think the landowner would do; the answer given is ‘they would put the wretches to a miserable death’. The reader is left in no doubt that the landlord represents God. Jesus makes no comment on the answer given.
· Perhaps most famous is the parable of the talents, in Mt 25 and Lk 19. A Master entrusts his wealth to three aides while he takes a long journey. They are given varying amounts of money (5, 2, and 1 talents), according to their abilities. Two invest theirs and double their principal. The third buries his money in the ground (no banks available, apparently). When the Master (God?) returns he rebukes this one and gives his money to the first one. There is no criticism of the system; the issue is being trustworthy of their stewardship.
Secondly, the Gospels say a lot about taxes
Tales about tax-collectors are numerous, clearly as the bad guys. We know from other sources that the tax burden was crippling to the Judaean economy—privatized by Rome, with local tax-collectors (tax farming) given license to raise money as they saw possible.
In some places tax-collectors are grouped with ‘sinners’ (Mt 9:9, Lk 5:29-32), who, whatever the nature of their sinning are clearly disapproved of. In one story a tax-collector called Zacchaeus climbed a tree to see Jesus pass by. Jesus saw him, and invited himself to dinner at this rich man’s house. Zacchaeus becomes a disciple of Jesus – and makes 400% restitution to all those he had defrauded (Lk 19:1-10). It is understandable why tax-collectors were hated – but Jesus shows that they are redeemable. Indeed, we know that he made one of them a disciple, Matthew!
3. A bias to the poor
Jesus doesn’t have much good to say about the rich and powerful:
· Mary’s song in Luke 1 (commonly called the Magnificat) rejoices in a coming Kingdom reversal that her child will bring – the powerful are brought down from their thrones and the lowly are lifted up; the poor are filled with good things, the rich sent away empty.
· Lk 16:20-25 tells of a rich man who banqueted every day, and a starving poor man named Lazarus who sat, ignored, at his gate and lived off food rescued from the dumpster. Both die, and Lazarus is seen in Paradise by the rich man, who now languishes in Hades. He begs for Lazarus to be allowed to bring him a sip of water, but there is ‘a gulf fixed between’ that cannot be crossed.
· All three Gospels tell the tale of a rich young man who comes to Jesus seeking the secret to eternal life, but goes away grieving over the personal cost when Jesus tells him to give all his wealth to the poor. It is hard for the rich to enter the kingdom of God (harder than a camel going through the eye of a needle) but, Jesus says, ‘with God all things are possible’.
It is hard for the rich, but not impossible. It is not that being rich is sinful, but about how wealth is used—and is judged by care for the poor.
The Gospel of release: Jesus at Nazareth (Luke 4:16-21)
In sum, the Gospels often depict the economic system of the day, but do not comment on the system. This is not an implicit endorsement of the system, but rather the use of common situations to illustrate the gospel response. As already said, there is no prescribed economic theory in the Bible.
But there is a vision of a better world. There is no single prescription, but there is an ordering of priorities. The Gospel priorities can be seen in the very first words of Jesus in Luke 4, sometimes called his ‘Nazareth Manifesto’. Jesus reads the Sabbath text from Isaiah 61 in his home synagogue: ‘The Spirit of the Lord is upon me, because he has anointed me to bring good news to the poor...to proclaim the year of the Lord’s favour’. The ‘year of the Lord’s favour’ refers to a provision of the Law set out in two places: Deuteronomy 15, which calls for the remission of debts every 7 years; and Leviticus 25, which calls for a Jubilee every 50 years in which all property reverts to the original owners.
As Jesus’ first public sermon in Luke it has to be read as the template of his coming ministry, and for the community of his followers. We have seen this in Acts 2 and 4 (the Acts of the Apostles being the sequel to the Gospel of Luke). Whatever economic framework we live in, for the family of believers who follow Jesus the question will always be, ‘How does the system provide for the needy?’ It is by the measure to which a society succeeds in such provision that it is to be judged. And, ‘blessed are the merciful, for they will receive mercy’.