In The Poverty of Nations Grudem and Asmus combine theology and economics with vision, common sense and compassion to offer a convincing perspective on the moral foundations of a just and successful economy and society that’s true to its scriptural moral foundation.
In the tradition of classical economic thinking, The Poverty of Nations shows how a free-market economy, based on private-sector initiative and with a well-defined but limited role for government, produces superior results in terms of material wealth accumulation and distribution. This book does more; the writers demonstrate the effect and need for human interaction applying moral and ethical values originating from Scripture to the political and economic system.
The authors argue that stable societies, property rights, free will, and the pursuit of happiness are not only moral values for the benefit of all, but also prerequisites for healthy long-term economic growth. Through a blend of experiential insight and logical Grudem and Asmus draw detailed political and economic conclusions with clarity of thought and originality of argument. This book will become a point of reference for future generations.