'Economy of Grace'

Paper Summary:

In this article, the writer notes that in 'Economy of Grace', Kathryn Tanner approaches the fiscal side of Christianity. The writer discusses that Tanner begins by asserting that there is a unique relationship between economics and Christianity, primarily because a Christian is compelled to incorporate faith into daily life. The writer looks at examples in the work used to demonstrate why God should be a part of economics. The writer then points out that Tanner explains that the economy is missing an essential element when God does not play a role in it. The writer concludes that although it seems unlikely that the world will ever wholly embrace a theological economy, there are some promising signs that indicate that capitalism has been influenced by the principals of a theological economy.

From the Paper:

"In other words, a theological economy is a win-win economy, where none of the participants are expected to act to their own detriment, but where they are also expected to consider more than personal bottom-line when engaging in economic transactions. The result is an economy that is unlike capitalism, because it is non-competitive, but also unlike communism, because it allows for personal property ownership and permits monetary success as a religious goal.
"Next, Tanner compares and contrasts her idea of a theological economy with traditional capitalism. To do so, she acknowledges that her interpretations of Christianity and how those interpretations have shaped her concept of a theological economy are not the only interpretations of Christianity."

Sample of Sources Used:

• Tanner, Kathryn. Economy of Grace. Minneapolis: Fortress Press, 2005.

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