Tuesday, July 14, 2009

Economic Terms in Scripture

Normally I would read the following list and ask the hearer to consider possible labels for the category.

So far, I have found agreement that economics is a suitable heading for the list.

Next I ask where the list was sourced. The answers are always reasonable and sometimes correct, since it really is just a guess. Some say economics books, dictionary or Scripture.

The answer is Scripture.

The third question follows the list.

Profit
Gain
Exchange
Bought
Price
Forfeit
Repay
Costly
Redeem
Ransom
Redemption
Cost
Inherit
Calculate
Enough
Wealth
Sell
Buy
Value
Debt
Certificate
Cancelled
Talents
Possessions
Debtor
Gift
Free
Forgive
Credited
Account
Due
Wages
Treasure
Deposit


What are the subtopics within Scripture from which these terms were drawn? Please read the list and answer for yourself before advancing.




The subtopics are salvation and the relationship between God and man.

Matthew 16:26-27 “For what will it profit a man if he gains the whole world and forfeits his soul? Or what will a man give in exchange for his soul? “For the Son of Man is going to come in the glory of His Father with His angels, and will then repay every man according to his deeds. NASB95

1 Corinthians 6:20 For you have been bought with a price: therefore glorify God in your body. NASB95

1 Corinthians 7:23 You were bought with a price; do not become slaves of men. NASB95

Psalm 49:5-9 Why should I fear in days of adversity, When the iniquity of my foes surrounds me, Even those who trust in their wealth And boast in the abundance of their riches? No man can by any means redeem his brother Or give to God a ransom for him— For the redemption of his soul is costly, And he should cease trying forever— That he should live on eternally, That he should not undergo decay. NASB95

Revelation 21:6-7 Then He said to me, “It is done. I am the Alpha and the Omega, the beginning and the end. I will give to the one who thirsts from the spring of the water of life without cost. “He who overcomes will inherit these things, and I will be his God and he will be My son. NASB95

Colossians 2:2 that their hearts may be encouraged, having been knit together in love, and attaining to all the wealth that comes from the full assurance of understanding, resulting in a true knowledge of God’s mystery, that is, Christ Himself, NASB95

Luke 14:27-29 “Whoever does not carry his own cross and come after Me cannot be My disciple. “For which one of you, when he wants to build a tower, does not first sit down and calculate the cost to see if he has enough to complete it? “Otherwise, when he has laid a foundation and is not able to finish, all who observe it begin to ridicule him, NASB95

Matthew 13:44-46 “The kingdom of heaven is like a treasure hidden in the field, which a man found and hid again; and from joy over it he goes and sells all that he has and buys that field. “Again, the kingdom of heaven is like a merchant seeking fine pearls, and upon finding one pearl of great value, he went and sold all that he had and bought it. NASB95

Colossians 2:14 having canceled out the certificate of debt consisting of decrees against us, which was hostile to us; and He has taken it out of the way, having nailed it to the cross. NASB95

Matthew 6:12 ‘And forgive us our debts, as we also have forgiven our debtors. NASB95

Matthew 25:14-15 “For it is just like a man about to go on a journey, who called his own slaves and entrusted his possessions to them. “To one he gave five talents, to another, two, and to another, one, each according to his own ability; and he went on his journey. NASB95

Romans 6:23 For the wages of sin is death, but the free gift of God is eternal life in Christ Jesus our Lord. NASB95

Romans 4:3-9 For what does the Scripture say? “Abraham believed God, and it was credited to him as righteousness.” Now to the one who works, his wage is not credited as a favor, but as what is due. But to the one who does not work, but believes in Him who justifies the ungodly, his faith is credited as righteousness, just as David also speaks of the blessing on the man to whom God credits righteousness apart from works: Blessed are those whose lawless deeds have been forgiven, And whose sins have been covered. Blessed is the man whose sin the Lord will not take into account.” Is this blessing then on the circumcised, or on the uncircumcised also? For we say, “Faith was credited to Abraham as righteousness.” NASB95

2 Timothy 1:14 Guard, through the Holy Spirit who dwells in us, the treasure which has been entrusted to you. NASB95

2 Timothy 1:14 By the Holy Spirit who dwells within us, guard the good deposit entrusted to you. ESV


Much can be said about this economic correlation to spiritual and eternal things in Scripture. The implications are far reaching. It seems to me that in order to understand God's view of economics in spiritual matters, we must have a correct temporal view of economics.

I will save other commentary and illustrations for another time.

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