Editorial March 27, 1989 Issue

The new economics

Michael D. Rissler

One of the first bits of information one learns in a college economics course is that this field has long been termed "the dismal science." It seems like an appropriate term. Just look around, limited material resources, more and more people—not enough for everyone.

Yet as we "look around" more thoughtfully we're confronted with an abundance that would have seemed out of the question in earlier times. In contrast, many argue today that we've overdone it. We've produced too much and are now in danger of depleting the natural resources of the earth.

There is another way of approaching human needs, however, that doesn't injure the world in which we live. This other approach is based upon a spiritual understanding of God and of His relation to us. It is a method that points first to what God is and then leads us to understand something of what we truly need in order to have a full and rich life.

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The new economics

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