Economics is About Human Flourishing, Not Money, Says Finance Expert - Hope 103.2

Economics is About Human Flourishing, Not Money, Says Finance Expert

Unlike the bulk of financial literature out there, David begins his new book with a reminder that “we’re all made in the image of God”.

Listen: Wealth management expert David L. Bahnsen talks to Laura Bennett about his book 'There's No Free Lunch'

By Laura BennettTuesday 7 Dec 2021Hope DriveFinance and BusinessReading Time: 2 minutes

Around this time of year, many of us begin to tinker with our goals, thinking about the aspects of life we’d like to change, reassess or leave happily as-is.

The burden of our financial situation may weigh heavy on us, as we stare down another year of expenses, considering what plans we need to put in place to not only cover them but also improve our financial footing long term.

There’s a plethora of resources that will tell us how best to go about doing that, but wealth management expert and author David L. Bahnsen said before we work out the practical steps to handling our money well, we need to understand the philosophical approaches informing our overall view of economics.

Unlike the bulk of financial literature out there, David begins his new book, There’s No Free Lunch, with a reminder that “we’re all made in the image of God”.

Laying out 250 economic truths for readers, David told Hope 103.2, “I wrote the book around the belief that economics is fundamentally about the human person”.

“I wrote the book around the belief that economics is fundamentally about the human person,” – wealth management expert David L. Bahnsen

“If we don’t see economics as something that is to drive the process of human flourishing: a greater material and spiritual abundance of peace and joy for everyone, then I think we’re missing the point,” David said.

“Because we’re made in the image of God, we have to understand a little more about what God made us for: how did He make us, and what are the economic ramifications of that?

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“We were made with a productive, and a creative and an innovative capacity that mirrors the creative, innovative, productive capacity of our Creator.”

That belief is something David said should be reflected in our work as we have “the opportunity to cultivate creation”.

When we see work through that lens, and aim our pursuits in the direction of human flourishing, that’s when we have a real framework to filter financial advice through, and build practical steps upon that foundation.

“There is as much of a need as I have ever seen, for people to have foundations, for people to have a basis, for what they believe [about economics] and why,” David said.

“There’s a lot of economic ideas going around that are rooted in people’s emotions, people’s feelings, people’s intuitions, but they’re not thoughtfully constructed necessarily.

“Sometimes, there can be some wisdom to our intuitions, but I really desire to see people be more thoughtful in how they think about economics.”

David’s book There’s No Free Lunch is available now on Audible.

Listen to David L. Bahnsen’s full conversation with Laura Bennett in the player above.

Photo by Brooke Cagle on Unsplash