Reflections on Income Inequality, Poverty, and Human Flourishing
Delve into the intersection of income inequality, poverty, and human flourishing through biblical and economic perspectives. Explore the concepts of shalom, economic realities, and the implications of Gini scores on societal well-being.
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Income Inequality, Poverty, and Human Flourishing A N N E B R A D L E Y , P h . D . Academic Director, The Fund for American Studies, VP of Economic Initiatives, Institute for Faith Work and Economics Professor, Institute for World Politics abradley@tifwe.org
Created to Work Genesis 2:15 (NIV): The LORD God took the Genesis 2:15 (NIV): The LORD God took the man and put him in the Garden of Eden to man and put him in the Garden of Eden to work it ( work it (abad abad) and take care of it ) and take care of it.
Shalom is human health and wholenessresulting in strength, Shalom is human health and wholeness resulting in strength, fertility and longevity the vision of shalom is at the core of God s fertility and longevity the vision of shalom is at the core of God s redeeming work . redeeming work . Flourishing (Shalom) is the Goal
We are asked to put our talents to use: Jeremiah 29:7 Jeremiah 29:7
Economic Realities We live in world of scarce resources that have multiple and competing ends Prices help us allocate Our decisions bring costs Incentives matter for human decision-making When we focus on our gifts we better serve others
INCOME INEQUALITY: WHAT DOES IT TELL US?
WHERE WOULD YOU WANT TO LIVE? Country A Country A Country B Country B GINI Score GINI Score .278 .278 .457 .457
WHERE WOULD YOU LIVE? GINI Score GINI Score .278 .278 .457 .457 United States Afghanistan
How are people doing? What are the consumption capabilities of the poor? What does it take to no longer be poor? What does good look like? What does the Gini tell us?
US INCOME INEQUALITY GINI INDEX | 1913-2011
CRONYISM IS A HARBINGER OF WORSENING CONDITIONS FOR THE POOR
Economic Freedom Provides Income Mobility