Essay about Christian Ethics

700 Words Feb 4th, 2013 3 Pages
1. What is the difference between self-interest and selfishness? Why is this distinction important when considering the competitive market economy as appropriate for a society?
a. Self-interest is when someone is trying to protect their interest, but they also take into account how it may affect others. Whereas selfishness is where one makes decisions based on one’s self with no regards to others. It’s important to decipher these two meanings when considering the competitive market and what may be appropriate for a society because if one is acting out based on self-interest, yes, they may be looking out for themselves, but they are also looking out for their customers. These are the type of people you can trust and want to invest your
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3. What did Adam Smith believe serves to curb self-interest in an economy?
a. The one key thing that Smith believed controlled self-interest in the economy is competition. In one way or another, everyone has a desire for approval and it is because of this postivie judgement we seek also puts limits on our personal objectives. It is through competition amongst each other that promotes a controlled economy because it is not being run off of someone else’s personal agenda. If something appears to be hurtful or negative in the economy, then most likely it won’t succeed and people will move on to it’s compeititor. Whereas if something is highly valued and is seen as positive, chances are the business will thrive and they will be a customer for life.

4. What does it mean to seek the kingdom of God in a democratic capitalist economy? How can it be done?
a. Democratic capitalism is neither the Kingdom of God nor without sin. But when we Christians seek the Kingdom of God, we seek “righteousness, peace and joy in the Holy Spirit” (Romans 14:17.) So when we seek the Kingdom of God in a democratic capitalist economy, we’re seeking to be “set free” from the temptations this earth has to offer, and
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