TITLE:
The Economics of Wealth According to Economic and Religious Principles
AUTHORS:
Alexandros M. Goulielmos
KEYWORDS:
Economics of Personal Wealth, New Testament, Keynes’ Economics, Eternity of Human Soul, Disutility of Labor, Unhappiness of Present Life, What Is Truth, Managing the Plenty
JOURNAL NAME:
Modern Economy,
Vol.9 No.8,
August
31,
2018
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.