Chapter 11: What Is the Economy of a Household?

Chapter 11: What Is the Economy of a Household?


Up until now, we studied about the economy of God – God’s governing activities and instructions for his household as a whole, which is a macroeconomic aspect. Today, we expect that the economy of God – God’s governing activities – is entrusted to the government. Now, we will move to each individual’s or individual household’s economy, that is, decision making for himself/herself or his/her household, which is the microeconomic aspect of our study.

Maximization of Satisfaction
In economics each individual’s economic goal is to maximize his/her utility – satisfaction or happiness – as a consumer or to maximize profit as a business owner. As we examined, the first meaning of an economy (oikonomia) is “stewardship or the management of a household.” Each individual as a manager of a household, whether he/she is a consumer or business owner, he/she wants to maximize satisfaction for himself/herself and for his/her household. How can an individual maximize his/her satisfaction in his/her economic activities? What are economic activities? In economics a person’s economic activities are his/her decision making in his/her daily life – in his/her consumer behavior and/or producer behavior. An individual’s satisfaction may be larger when he/she makes more money for his/her consumption or from his/her production or business. Like non-Christians, Christian households/consumers want to maximize their utility and Christian firms/producers want to maximize their profit. However, the ways and/or the methods that they maximize their utility/satisfaction or profit are different from those of non-Christians as God is at the center of their life. That is, by pleasing God and following the command of Jesus Christ, Christian households/consumers can maximize their utility/satisfaction and Christian firms/producers can maximize their profit.
What about us as a Christian? A Christian’s satisfaction can be maximized when he/she has a good relationship with God. A Christian as a steward takes care of a household that God entrusts to him/her. That is, a Christian takes care of his/her household that belongs to the household of God.

Stewardship
Hugh Whelchel in his article, “Four Principles of Biblical Stewardship,” lists 1. the principle of ownership, 2. the principle of responsibility, 3. the principle of accountability, and 4. the principle of reward.[1] Whelchel’s four principles make sense when we acknowledge that all things belong to God and our job on this earth is to take a good care of a small portion of God’s that is entrusted to us while we live here in this world. That is, acknowledgement of God’s ownership of everything is the starting point of a Christian’s stewardship or management of (a small unit of) his household. God placed Adam in the Garden of Eden and let him work and take care of it (Genesis 2:15). God considered Adam as a steward or a manager of his garden or household.
God tells the Israelites through Moses in Leviticus 25:23-24: “23The land must never be sold on a permanent basis, for the land belongs to me. You are only foreigners and tenant farmers working for me. 24With every purchase of land you must grant the seller the right to buy it back” (NLT). Although many people think that they own the land, the house or household, or money, all these belong to God and we are his stewards working for him and our duty is stewardship for God’s household. We can find many more Bible verses regarding God’s ownership and our temporary possession as his stewards or tenants.
Moses tells the Israelites in Deuteronomy 10:14: “To the Lord your God belong the heavens, even the highest heavens, the earth and everything in it.” Psalm 24:1-2 states: “1The earth is the Lord’s, and everything in it, the world, and all who live in it; 2for he founded it on the seas and established it on the waters.” When God calls his people – Enoch (Genesis 5:22), Noah (Genesis 6:13), Abraham (Genesis 12:1-3), Moses (Exodus 3:4ff.) and the Israelites, and others, each one of God’s people starts his life as a steward or a manager of his household, separating himself from the secular world and acknowledging God’s ownership and also our delegated ownership.
Moses in Deuteronomy 8:17-18 reminded the Israelites of this fact: “17You may say to yourself, ‘My power and the strength of my hands have produced this wealth for me.’ 18But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today.” Yes, it is God’s grace that we produce wealth and increase it, but we know that all things belong to God and we are his stewards who manage his properties until we meet him for accounting.
David in 1 Chronicles 29:14 says to God: “But who am I, and who are my people, that we should be able to give as generously as this? Everything comes from you, and we have given you only what comes from your hand.” Although some may think they offer their money to God, they should recognize that they give what God allows them to possess (as everything comes from God).

Management of God’s Household
Jesus in Luke 16:2-4 tells a parable of a shrewd steward: “2And he (a rich man) called him (a steward) and said to him, ‘What is this that I hear about you? Turn in the account of your stewardship, for you can no longer be steward.’ 3And the steward said to himself, ‘What shall I do, since my master is taking the stewardship away from me? I am not strong enough to dig, and I am ashamed to beg. 4I have decided what to do, so that people may receive me into their houses when I am put out of the stewardship.’” In this Jesus’ parable of the shrewd (or wicked) manager, the master commended his dishonest steward because he acted shrewdly although he was accused of wasting his possessions (v. 8). However, his dishonesty or wickedness cannot be justified. What Jesus emphasizes here is not that God’s steward can be dishonest if he/she acts shrewdly but that God’s steward should be more shrewd and wiser than the worldly manager in managing the household of God.
Jesus in Luke 16:10-12 says: “10Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much. 11So if you have not been trustworthy (πιστοὶ from πιστός) in handling worldly wealth, who will (en)trust (πιστεύσει from πιστεύω) you with true riches? 12And if you have not been trustworthy (πιστοὶ from πιστός) with someone else’s property, who will give you property of your own?” We as a manager of God’s property or household should be trustworthy (πιστός). Then, later, in God’s kingdom, God may give us property of our own. Paul in 1 Corinthians 4:1-2 states: “1This is how one should regard us, as servants of Christ and stewards of the mysteries of God. 2Moreover it is required of stewards that they be found trustworthy (πιστός).” Although our ownership in this world is not a true ownership but an entrusted or delegated ownership but our ownership in God’s kingdom will be our real ownership.
In Jesus’ parable of the talents (Matthew 25:14-30), the servants who received different talents would not consider that the master gave the talents to them but that the he entrusted his property (talents) to them and let them manage the talents while he was going on a journey (Matthew 25:14). However, the master who returned from his long journey (which implies Jesus’ second coming) did not collect the talents from his servants but let them have them – the initial talents and the earnings. Jesus in Matthew 25:28-29 says: “28So take the talent from him and give it to him who has (owns) the ten talents. 29For to everyone who has (owns) will more be given, and he will have abundance; but from him who has not, even what he has will be taken away.”
God gives spiritual gifts to his people (Romans 12:6-8; 1 Corinthians 12-13; Ephesians 4:11; and 1 Peter 4:11), letting them manage God’s household more effectively and wisely. However, some people boast about their spiritual gifts without knowing the true purpose of spiritual gifts. No matter what (wealth, land, spiritual gifts, or other things, etc.) God entrusts us, God’s will toward us is to take a good care of his household.



[1] Hugh Whelchel, “Four Principles of Biblical Stewardship,” Institute for Faith, Work, & Economics. (November 26, 2012). Retrieved from https://tifwe.org/four-principles-of-biblical-stewardship/

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