John?s Economic Worldview

One of the reasons John Ludema (PhD) enjoys working as a consultant is that he gets to contribute to policy. He has advised governments on everything from combating climate change to designing trade agreements. Ludema credits his Calvin professors for helping him think “from a normative perspective,” which is to say that he is interested in how things ought to be rather than simply how they are. This is something that not all economists do.

John’s Economic Worldview many early Christian economists (like Malthus) took the story of the Fall to mean that humans are inherently sinful and nature is cursed with scarcity. As a result, they promoted a code of competitive individualism that prioritizes money-making as the road to salvation. This translates into the belief that you can “own” nature by turning its raw materials into commodities and then selling those commodities for profit.

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This view tends to isolate the financial process of, for example, automobile manufacturing from the mineral mining, petroleum production and workers on whom it depends. It also fails to take into account the impact that automobile manufacturing has on the politics, environment and economy of an area. A holistic view, on the other hand, sees all of this as interconnected. It is a view that the Capital Institute report argues we must embrace in order to avoid catastrophic consequences like global warming and political instability.