Theology of Money - Softcover

Goodchild, Philip

Softcover

ISBN 10: 0334041422 ISBN 13: 9780334041429

Publisher: SCM Press, 2007

Synopsis

Goodchild examines the theory of money in a comparable manner to Adam Smith, Karl Marx and Georg Simmel. However by contrast to the conclusions of these thinkers, he proposes that money is essentially created in excess of reserves, making it a simultaneous credit and debt. Since money is a debt that must be repaid with interest in the form of money, then the creation of money imposes a social demand for an increase in profit and an increase in the creation of money in order to repay debt. This vicious circle drives the expansion of the global economy. In summary, Goodchild argues that money is a promise, a supreme value, a transcendent value and an obligation or a law. He argues that money has taken the place of God. It is the dominant global religion in practice, even if no one believes in it in principle.

About this title

Product Description:

Examines the theory of money in a comparable manner to Adam Smith, Karl Marx and Georg Simmel. This book argues that money is a promise, a supreme value, a transcendent value and an obligation or a law. It also argues that money has taken the place of God and is the dominant global religion in practice, even if no one believes in it in principle.

Review:

'Goodchild's book is recommended for those interested in either political theology or how economics might intersect with theology, but would be less helpful for those looking for practical solutions or biblical reflections on money'. (Geoffrey Holsclaw Evangelical Review 2008-10-01)

About this edition

• Publisher: SCM Press
• Publication date: 2007
• ISBN 10: 0334041422
• ISBN 13: 9780334041429
• Binding: Paperback
• Number of pages: 277