Christian Thought and Microeconomic Theory

Abstract

While Christian social principles harmonize with certain premisses of microeconomic theory, private property and freedom of behaviour for instance, deep‐rooted differences call for recasting certain foundations and pieces of analysis. Broad dissent concerns positive versus normative approach, the holistic character of Christian thought, and the latter′s view of human behaviour as flawed and often sinful. Discusses six more specific areas of dissent: consumer behaviour; the firm; income distribution; welfare economics; market failure and government, and public choice. The Christian mind requires revision of conventional treatments, since present microeconomic discussion is subversive of a religious interpretation of life.

Citation

McKee, A.F. (1993), "Christian Thought and Microeconomic Theory", International Journal of Social Economics, Vol. 20 No. 2, pp. 51-64. https://doi.org/10.1108/03068299310025552