Modern Finance Through the Eye of Faith: Application of Financial Economics to the Scripture

Abstract

The tying of Scripture to key concepts in the science of modern finance offers important pedagogic value to students who appreciate the unqualified relevance of God’s living word in the pursuit of truth. In particular, modern finance as a behavioral science derives a body of knowledge from human psychology and decision rules that are also vividly displayed in biblical events, metaphors, and conducts of personalities. In addition, the Scriptural illustrations contain gems of Godly wisdom, incorporating moral-spiritual principles that are often ignored but, in fact, critical in crafting effective responses to the recurrent financial crises of today’s global economy.