The Economics of Wealth According to Economic and Religious Principles
- 1 Maritime Division, Business College of Athens, Athens, Greece
- 2 Marine Economics, University of Piraeus, Piraeus, Greece
- 3 Department of Maritime Studies, University of Piraeus, Piraeus, Greece
Abstract
We presented the issue of personal wealth drawing mainly from the economics of Keynes, and from New Testament, introducing the fact that a human being has two lifetimes. The second lasts an infinitum time, based on the assumption that soul is immortal. We showed also that “disutility of labor” and unhappiness introduced first by God; economists then tried to balance it with utility of consumption (in 1854) focusing on human body, and ignoring human soul, mind and their needs. We also presented as to how a World War can boost growth of GDP. When Ricardo raised the issue of how GDP is divided among factors of production, and that only labor creates value along with Marx, society divided, while religion wanted it united and peaceful. Protestantism made work as god. Concluding we said that an “uncontrolled personal wealth” is detrimental from both economic and religious point of view. Dealing with matters of Christian Orthodoxy for years, made us proficient. We believe, or rather audacious, to underline certain fundamental principles of it.
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