Economics: The American Economy

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ECONOMICS: THE AMERICAN ECONOMY from a Christian Perspective. Clothbound, 388 pp.  $24.95.
   American Economy builds on the microeconomic base presented in Principles and Policy. Each chapter ends with a section devoted to "What is the biblical view?" which challenges the reader to consider economic/political issues from a biblical perspective. American Economy is used at the senior high school level and as a one-semester course at the college level, and by anyone who wants to better understand free-market economics. New light is shed on our complicated money and banking system so that the ordinary person can understand it.
Instruction manual available.

Workers, Labor Unions, and Bargaining.
Labor Economics.
Taxes and Public Revenue.
Taxes and Tax Policy.

The "Isms'.
Money - Its Creation and Destruction.
History of Money and Banking.

The Banking System.
Monetary and Fiscal Policy.
International Trade.
Economic Development.
Christ's Kingdom: How Shall We Build?

Editorial Review:



   The growing source of Christian literature in economics now includes some comprehensive introductory textbooks. Tom Rose . . . has written a pair of textbooks entitled "Economics: Principles and Policy from a Christian Perspective" and "Economics: The American Economy from a Christian Perspective."
   . . . In the second volume, the author deals with some of the larger issues of macro-economics including labor unions, tax policy, money, banking, international trade, and economic development. Additionally, he examines the implications of government spending in education, welfare, and energy, as well as biblical alternatives.
Steven A. Samson, Ph.D.

   Tom Rose has written an exceptionally fine book on economics which is excellent either for textbook use or for general reading: "Economics: The American Economy from a Christian Perspective."  While I would disagree with his analysis of a land tax, I will say that his book is a study in general faithfulness to Scripture. Rose seeks to apply Biblical law faithfully to economic practice, and his study includes the economic applications of Sabbath observance. His account of the 1929 crash ("The Culprit Plays Hero" [p. 166]), the N.L.R.A., and much, much more gives us excellent reading and telling insights.  Be sure to read this book.
R.J. Rushdoony, Founder of Chalcedon, Vallecito, CA

   This book is both interesting and well written, and it should have considerable sales both to those who want an important addition to their library as well as for use as a textbook.  Professor Rose possesses analytical skill and a high order of reasoning ability.  More than that, he knows how to present difficult and complex topics so as to open them up to the mind of the reader.  Despite the fact that almost every topic he touches is surrounded by controversy, he succeeds generally in avoiding most of the pitfalls of name calling and denunciation, preferring rather to explain how those who differ from him are usually proceeding from different premises. The approach throughout is carefully reasoned, though it frequently differs sharply from the generally held views of economists.
   The author has made his beliefs, assumptions, and premises an integral part of the work.  Thus, he is a professing Christian, and he proposes to use the Bible as the touchstone of his economics. . . .
Clarence B. Carson, Ph.D., Author and Historian

Reader's Comments:



   . . . Your books were invaluable. It is rewarding to have my students become excited when they understand what is being said in the business section of the newspaper or on TV news.  It seemed that in every theme we discussed throughout the year something would show up in the news to illustrate the point.
 P.G., Plymouth, MA (Teacher)

   The integration of Biblical concepts with economic theory is something that is missing in too many books. . . . I found the part dealing with a tax on land especially interesting.  It is something I never thought about. The chapter on money with the supplement was so clear. Your advocacy of the gold standard with Biblical justification has given me new arguments. Gold was chosen as money because it took control of money out of government hands and made men responsible to God is well illustrated.
John Egolf, AL (Master Teacher)

   We are continuing our basic principles-first program in history teaching, and are enclosing some of the summaries of principles, explanations of fractional banking, and causes and results of inflation.  Tom Rose's "Economics: The American Economy from a Christian Perspective" was very helpful as a source for the clearest explanation we've seen of fractional banking and monetizing the debt, . . .
   I love the clarity of your red book . . .
F.E., President, Academy, Wilton, CT

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