Monday, November 06, 2006


The sixth commandment states that theft is a crime punishable by the civil courts. If there is no concept or convention of private property, there is no need for money, because someone who wants something can just take it, regardless of who has produced it. If there were an abundance of everything this might work. However, as scarcity is a fact of life in a fallen world, this is not practical. The outcome would be determined by force. The strong would have plenty and the weak would get nothing. This would result in a different concept of property; one where everything is controlled by the strongest, regardless of who produced it.

A concept of property is really inescapable. The important issue is whose property the law will protect. Biblical property laws protect those who have produced goods and services.

If a system of private property is to function efficiently, there must be a process for the exchange for goods and services. It is not practical for each person to produce everything that they need. Most people will produce more than they need of what they are best at and exchange it for other things that they need. This division of labour allows people to be more productive and the economy to be more efficient.

For the division of labour to work, there must be a way for people to freely and confidently exchange the goods and services which they produce and own. Money allows the people of a society to exchange goods and services easily.

More here.


Steve Scott said...

Hey, somebody I agree with about money! Found your site through a link from Gene Redlin at Northern Gleaner.

Ron McK said...

Thanks Steve