The Free Market is Answer to World Poverty, Says Theologian
In a presentation of his new book at the Family Research Council, biblical theologian Wayne Grudem argued that poor countries can become rich only by producing their own prosperity, and that the free market is not only the economic answer, but in tune with the Bible's moral teachings.
"Every nation that has escaped poverty has done so by producing its own prosperity," said Grudem, professor of theology and biblical studies at Phoenix Seminary in Arizona. Perhaps best known for his book Systematic Theology: An Introduction to Biblical Doctrine, Grudem presented the key themes in his new book The Poverty of Nations: A Sustainable Solution. The very first of his 79 factors to help nations escape poverty in "a free market economy."...