Economic Insights from the Book of Mormon

Title

Economic Insights from the Book of Mormon

Publication Type

Journal Article

Year of Publication

1992

Authors

Journal

Journal of Book of Mormon Studies

Pagination

35-53

Volume

1

Issue

1

Terms of use

Items in the BMC Archive are made publicly available for non-commercial, private use. Inclusion within the BMC Archive does not imply endorsement. Items do not represent the official views of The Church of Jesus Christ of Latter-day Saints or of Book of Mormon Central.

Bibliographic Citation

Abstract

Economic systems are distinguished by their emphasis on equity and efficiency. Market controls are justified because of the need for equity. Free markets are justified because of the need for private incentives and efficiency. Most countries of the world today have adopted a combination of controls and free-market incentives. The Book of Mormon teaches that only through caring can equity and efficiency be simultaneously achieved.

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Economy
Economics
Money
Equity
Efficiency

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