The bible is chock full of references from Jesus and other venerated people who have attempted to explain the relationship of man, money, and markets with the morality that every person is commanded by God to follow.

What is a Market Economy?

There are markets to facilitate the exchange of goods and services between people, so that people can dispose of things they do not need and buy things they want. In a monetary economy, free trade has three components:

1. A potential seller made an offer.
2. The buyer accepts the offer.
3. The seller and buyer complete the exchange. The seller delivers the goods or services he offered to the buyer.
   The buyer pays the seller the price he agreed to pay. Free trade can take various forms:

• Services of money
• Goods of money
• Labor of money
• Future assets of the money
• Future of services for money.
• The offers are at the heart of a market. In a monetary economy, a “supply” has four elements:

• The offer indicates the quantity of goods or services offered for sale.
• The offer describes the quality of articles. The offer states the price the seller is willing to accept.
• The offer explains how and when the goods or services will be provided to a person who accepts the offer.
• An offer is quite benign. No one should accept the offer if they think it deception. If everyone thinks that it is a bad offer, the offer will be simply ignored.

Many of the properties offered on eBay are never sold, because they are unrealistic bids. There is nothing in Scripture that suggests that unrealistic offer is morally reprehensible, but it is probably wasted effort.

An offer becomes binding when accepted by another person. Once a buyer has accepted the offer, it becomes a binding contract. The Bible condemns those who fail to fulfill the contracts they have freely entered into. Not fulfilling the contract is theft.

The Bible also condemns false or misleading offers. An incorrect specification of goods or services is morally reprehensible. A lie on the quality of the goods of fraud. The use of false weight is the most obvious example of cheating by customers on the quality or quantity of the products offered.

Do not have two different weights in your bag and a heavy and a light. Do not have two different measures in your home and a large, one small. You must have accurate and honest weights and measures, so that in May you live long in the land which the LORD your God gives you (Deut. 15:13-15).

Charity is to Giving is an offer with a price of zero. You can have my shirt. Yes, it’s free.

Ecc 5:10-15 (NIV) Whoever loves money never has enough; whoever loves wealth is never satisfied with his income. This too is meaningless. As goods increase, so do those who consume them. And what benefit are they to the owner except to feast his eyes on them? The sleep of a laborer is sweet, whether he eats little or much, but the abundance of a rich man permits him no sleep. I have seen a grievous evil under the sun: wealth hoarded to the harm of its owner, or wealth lost through some misfortune… Naked a man comes from his mothers womb, and as he comes, so he departs…

The person receiving the offer is free to accept or refuse the gift.

Barter
Bartering is a little different, but the process is similar to the free exchange .. Barter takes three forms.

1. Service for service
2. Service for goods
3. Goods for good.
4. The form of the exchange is similar to the free market exchange

Potential suppliers make an offer

Two people agreed to accept the other offer. The swap is completed. Both are better off than they were before the exchange, because they end up with something they wanted more than they had before. The difficulty of finding a coincidence of needs make it less efficient barter. Find someone who wants what I have and what I want will be very difficult. The assumption that barter is higher than the trading of money is naive.

Markets
A market is a place where you can view and record bids. Save a lot of offers at once the whole place to make life simpler for potential buyers. They can view all the offers and choose the one best suited for them.

In a few markets, buyers and sellers can make an offer. Exchange and other financial markets, purchases and sellers can make offers. A trade is completed when the buyer and seller agree on a price. Electronic commerce allows a broad range of offers by the buyers and sellers to be observed by many observers.

A buyer can go in a car yard and make a bid for a car.

I will only give you a thousand dollars for the scrap heap.

In most markets, only sellers can make offers and buyers only accept or reject it. In a shopping center, bids are made by posting the property for sale and attach a sticky label, which records the price the seller is willing to accept. Buyers to inspect the quality of goods and decide to buy.

In a farmers market, production is proposed is on display and the price will be accepted is displayed. Buyers can accept or reject such offers.

The offers are the lifeblood of a market. If all offers of purchase and sale lost, the market becomes an empty shell

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Payment and Delivery
Market operators to clarify the rules for payment and delivery after offers were accepted. These vary depending on the type of market.

Cash on Delivery
Twenty percent when the hammer falls, and the balance in one week.

1. No checks
2. Cash and credit card only.
3. Free delivery within twenty kilometers
4. Balance of accounts settled at the end of the trading day.

If people do not like rules in a market, they need to participate. They are free to go to another market or buy and sell or exchange outside the market.

Market regulation
A contract is simply a place where a lot of people can post their offers. Once we understand this fact, it is clear that the statement on the regulation of markets need a bit more content before making meaning. Regulating the sale could mean a number of things.

Prevent the formation of contracts. It makes no sense, because how many of the proposals together in one place helps buyers.

Limit the types of offers can be made. It makes no sense because the offer is benign. Nothing happens until the offer is accepted, there is no point in preventing people from making offers, even if they are not realistic.

Control of the price range that can be specified in the tender. Some people want the ban on low-priced offers. Others would like the ban on high prices. Both options seem to be unnecessary, as if prices are too high or too low, that means people will not accept the offer.

Prevention of certain types of people to accept offers. I assume that children can be prevented agreement for the purchase of cigarettes available to them, but it’s really the responsibility of parents. Some suggest that stupid people should be unable to accept offers that are not realistic, but could be very difficult to assess.

Prevent people from making offers that are misleading or fraudulent. This problem is already covered by laws against theft and fraud, so I’m not sure that regulation is necessary to solve this problem.

Practice the delivery of products, once the offer has been accepted by a buyer. Laws against theft and breach of contract already facing a situation where trade is not completed, what can be more regulation.

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Markets benefit people by providing information on all offers that are available. The law already deals with the problems that can arise in a market, if those who want more regulation of the market should be more specific on what they hear.

The offers are everywhere

Bids are not limited to markets. The offers are everywhere. We make offers of all time.

Would you join us for a drink after work?
Do you want chicken for dinner?
Would you marry me?
Will You Marry Me?

Most offers are made to family, friends and family. The advantage of a market is that people can make offers to a wider range of people.

We are free to refuse to offer. The opposite of an offer is an order. We are not supposed to reject and order.

Clean up!
Do this; do that!
Type of document again!
Cease fire!
Orders are appropriate in some situations, but we prefer to offer. People wanting to regulate the markets are trying to replace the offers.

Markets and morality: Markets are not moral. Markets are not immoral. Markets are amoral. Markets can not think, choose, decide or act.

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People do all these things:

The people participating in a market are not amoral. They may be moral but may also be immoral.

Honesty

Market needs a fair value to the people: honesty. When someone makes a bid on a contract, the moral key is whether they are honest or dishonest. Are they lying or telling the truth?

We all know that. We simply assume that most people are honest. Provided the price is too high, we run the risk that provides the most confidence. We reduce the risk of returning to traders who have been honest in the past. When we see that someone is dishonest, they are avoiding and to tell our friends to do the same.

For a big purchase, we do other things to reduce the risk of being deceived by a dishonest person. When buying a car, we are inspected by a car mechanic. When buying a house, we are inspected by a carpenter and a lawyer to verify the title is valid. This is normal.

Sellers who want to build a business that are forced to be honest. Bad news travels. If a company rips people, customers will disappear.

Making money in a free market people by scamming is difficult. The rip-off artists can not stay in the same community for a long time, but must continue on the path of dishonesty. Modern communication makes this possible. In practice, it is easier to make money by making people better off.

A market requires a single value to the function. He does not need compassion, kindness, gentleness and love. Thus, even if these values are absent from society, people can still buy and sell safely, provided that most operators are honest.

Tips and Crooks
In a fallen world, dishonest people to enter the open market. Sometimes the person selling the product to know more about quality than the person thought to buy (call economist of this information asymmetry). John May know his car is a serious oil leak. If Bob knew this, he might think that the car was not worth $ 5000. It would have left the cartel. In some cases, the buyer more information about the market value of the property that the seller (from buying antiques dealerz little old ladies).

The Bible condemns those who use deception to exploit others in the markets. The worst case is a person who uses false weight to cheat people when they buy or sell.

Do not have two different weights in your bag and a heavy and a light. Do not have two different measures in your home and a large, one small (Deut 25:13-14). The Lord detests differing weights, and dishonest scales do not please him (Prov 20:23).

Those who deliberately mislead the market to lose the blessing of God.

Those who can prove that the seller cheated may require restitution, because the seller is guilty of theft

A thief must certainly restitution (Exodus 22:3).

Unfortunately, in most cases, the buyer will be difficult to prove that the other party took advantage of them.

The best protection against cheaters and fraudsters is to be vigilant. The person who has doubts about the quality of a product for sale on a market must obtain and experts to check it out. The wise purchases by people they know to be trustworthy. We live in a world of sin, so innocent will sometimes be pulled out. They are sometimes able to receive compensation, but often they will be disappointed.

Good information provides protection to buyers. Many markets to provide information on the reliability of the person who is selling goods. eBay publishes the buyer and seller comments for exposing people who are dishonest.

In most markets, all bids are made public. People can see what is available. Dishonesty can be observed by others.

Do not buy this, it is more expensive.
You can get it cheaper than Walmart.

Free markets tend to expose the dishonesty, because they are public.

Faith in markets

An economic commentator said recently, “We put too much confidence in the market. ” It is now a common vision, but the statement is absolutely ridiculous. Why?

First, ‘the market’ does not exist. There is not a market, but millions of different markets. More importantly, markets can not think or act or react. We can see the people involved in the organization of markets and other markets, but markets itself is not personal. Therefore, the idea of confidence in the market “does not make sense. Trusting in an entity that can not think or act is stupid.

Those who trust in the markets actually trust the people who buy and sell on the markets. Some of them will have the wisdom and some will be mad. Only a naive person trust everyone.

A greater problem with this view is that those who trust “the market” must now rely on something else. Most are suggesting that the government regulate the markets. They are replacing faith in the “marketplace” with faith in government, but confidence that the government is unwise to trust “the market”. Governments are not omniscient and they are not omnipotent. History shows again and again that governments stuff things when they intervene in markets. The transition to the faith in human government is dangerous.

God is the only one to have confidence. It is gentle, omniscient and omnipotent. He knows how the economy works, it is the only trustworthy. Those who argue about the confidence in “the market” or the confidence in the government are missing the point. God alone is worthy of trust.

Free Exchange
Free markets are good, because well-functioning markets allow people to share things they do not want for things they need. This allows them to improve their situation in life.

In a world without has all markets for produce everything they need. If there is no way to exchange goods and services, everyone should be self-sufficient (unless a generous person gives them something or someone else to steal). Do all you need is very difficult for a self-sufficient rarely moves above the subsistence level. People spend so much time to produce food and housing, they have not had time to develop and produce other products they want in May.

A free market changes everything, because it allows people to specialize and trade. A specialist in the cultivation of cereals. Another specializes in catching fish. A third person is specialized in baking bread. Everyone does what he is best qualified to do. By focusing on a task, each person can improve their skills and find ways to accomplish a task more efficiently.

The person who can produce more specialized than necessary for survival. They can sell their surplus produce with others to get what they want. Negotiation in a free market situation improves by almost everyone, because everyone is more productive specialization.

I have no idea on how to make a computer or a flat screen TV. I could not make a good car, if I worked on the case a hundred years. If I made my own clothes, I like a caveman. However, by specializing in the tasks that I am entitled to do, I can not afford to buy all these things and many others.

Not a zero sum game
What happens in a market is not a zero sum game. In a zero-sum and action that makes a person better someone else worse. Consider a family that has only a doll. If they remove a child and give it to another, the situation of children improved, but the other is worse. In a zero sum situation, a person always another night.

The functioning of a free market is totally different. A market is not a zero sum game, because every transaction that takes place in a market makes both parties to the transaction better. If Bob sold his car to John for $ 5000, the transaction improves the situation of the two. It’s hard to believe, but it takes place, as different people different assessments on the same product or service (the technical name for that value is subjective). The transaction described above benefits John, because the car was more for him than the $ 5000. Bob also has advantages because it gives greater value to $ 5000 than he did on the car.

The experience of Mary and Joseph is not a rare example. They same thing is repeated in every transaction that takes place in a free market. A transaction can not occur if both parties benefit. If Bob thought his car was worth more than John was willing to pay, it would not sell it. If John felt that Bob was too much for the car, he refused to buy it. This is the situation of each transaction in a free market. Both parties to the transaction have a right of veto. If the buyer or seller believes they do not benefit from the transaction, they can simply walk away.

Luke 16:9-11 (Phi) “Now my advice to you is to use ‘money’, tainted as it is, to make yourselves friends, so that when it comes to an end, they may welcome you into the houses of eternity. The man who is faithful in the little things will be faithful in the big things. So that if you are not fit to be trusted to deal with the wicked wealth of this world, who will trust you with true riches?”

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Economic Power

General Motors has done better with the political power that the use of economic power. When they went to Washington with the rest of the Big Three, they have billions of dollars from other people.

This is generally true. The economic power generally proves to be unreal. What appears to be the economic power is political power. Those who have economic power have usually gained by convincing the political powers to give them a privileged position. Those who are worried about the economic power should be more specific about what they mean.

Priorities
The purchase and sale in the open market is better than the flight and strength, but not both love and compassion. Free markets are more efficient than the flight and strength, but they will not produce a perfect world. More love and compassion is what the world really needs.