A New Testament Perspective on Wage Determination Using the Principle of Spiritual Rewards: A Rejoinder

Abstract

The author does not develop a uniquely biblical system that differs from pure economics. What is described is application of a purely economic principle of
a market economy, that marginal revenue product (MRP) should equal marginal resource cost (MRC) at the point where the last employee is hired. The author makes the case that such a market economy happens to be consistent with Christian principles.