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Free Enterprise Economics in America

Free Enterprise Economics in America

by Tom Rose
2nd Edition, ©2002, ISBN: 9780961219895
Hardcover, 64 pages
List Price: $7.95 Sale Price: $5.57

Like many writers who are both Christian and politically conservative, Tom Rose asserts that America was founded on Christian principles, and that these principles provided a foundation and framework for libertarian economic ideals. Free Enterprise Economics in America is his defense of the free market as the economic system most consistent with biblical ideals of liberty and personal freedom.

The free market, according to Rose (and most of its defenders, for that matter), is predicated on personal choice. People choose what they want to buy, what they want to produce, where they want to work, etc. Personal property ensures personal responsibility, and the delegation and distribution of goods is based on this common responsibility, which in turn provides the basis for exchange.

Rose identifies competition as the primary built-in regulator of a free market. Producers looking to out-sell their opponents will lower prices, while two interestedconsumers bidding against each other for the same goods will drive prices up. This modulation is to be encouraged as fluctuation necessarily hinges on a common mean, and prices remain (for the most part) fair.

Consumer sovereignty means that producers are kept in line by the needs and demands of those for whom they produce. According to Rose this is the other great regulator of a free market (a market unregulated by the government), and one that works hand-in-hand with the great motivator, profit. Profit is the incentive for which people work hard, produce efficiently, and spend freely.

Freedom is at the heart of all Rose's arguments. His belief that the Bible sanctions individual human freedom as an inalienable right prompts him to understand free market economics as the only appropriate economic system from a Christian perspective. While he may or may not be right, he does misinterpret some verses to support his position ("where the Spirit of the Lord is, there is liberty" in II Cor. 3:17 is not a defense of personal political or economic liberty).

This is a good defense of free market economics from a position growing in popularity. In some ways it seems quite compelling; in others, it leaves big questions unanswered. (Like, how will the free market discourage monopolies? is unmitigated growth desirable? should we be concernedby the acquisitive nature of the capitalist system?) Wherever your own convictions lead you, if you're a Christian trying to understand what your relationship to business and the economy should be, this book will add an interesting element toyour investigations.

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  Excellent For Understanding Underlying Principles
TammyA of Oregon, 7/29/2010
If you'd like to understand the undergirding principles that make a free enterpise economic system work, and work well, but are short on time, this is the booklet for you.

In this booklet, Mr. Rose has concisely explained free enterprise economics and the Christian principles from which it grew and is sustained.

You won't get a full economic course here, nor even a primer on economic systems, but you will get a greater appreciation for our form of American enterprise system and why it is necessary for our freedom and prosperity.

An important read for Christians as we battle the deceptive endoctrination by many so called "experts" that promote socialism and communism as the liberators of the world.

This little booklet is an excellent resource for team policy debate students who need to grasp basic economic truths quickly as all government policy impacts the economy whether intended directly or not.

If you would like a more eclectic approach to economics other than the standard textbook...After this booklet, I recommend following up with Fred G. Clark's "How We Live," Richard Mayberry's "Whatever Happened to Penny Candy" and Henry Hazlitt's "Economics in One Lesson." Together these books would make an enjoyable but excellent basic economics study for those who desire a deeper understanding about the principles of free enterprise economics without getting bogged down in an overly technical course.

The serious economic student should follow up with Mr. Rose's "Economics: Principles and Policy" and/or Clarence Carson's "Basic Economics" for more advanced studies.