In Christianity and Economics: A Review of the Recent Literature, economist John Tiemstra states, Taking good to
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In “Christianity and Economics: A Review of the Recent Literature,” economist John Tiemstra states, “Taking good to mean self-perceived happiness derived from economic consumption adopts an ethic that is foreign to biblical Christianity.” Your textbook cautions that GDP is not the same as welfare.
a. What would you include in an index to measure the welfare of a society that takes into account Christian ethics?
b. What would you purposefully not include in that index? (Religious)
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a Measures of issues that relate to individual welfare such as amount of crime am...View the full answer
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