Saturday, January 4, 2014

Money Wisdom #242

"Theologians treat money paradoxically: Although money is everywhere, relentlessly connecting and desiccating all private, public and sacred spaces, as a theological category it remains unanalyzed. The monetary system has either been outrightly neglected as if it is not theological enough or has not been addressed directly as yet. This book addresses the issue of religion and the monetary system, offering a model of rigorous and innovative scholarship for examining money as a major theological-ethical category. This theological-ethical study of the nature and role of money in contemporary societies goes beyond making ethical recommendations to providing a framework for understanding and critical reflection on the global monetary system. The study analyses the dynamics at work in the global monetary system and argues that the monarchical currency structure of the dollar, euro and yen may be moving toward a trinitarian structure of a democratic world currency. The overall purpose of this study is to interpret, evaluate and aid in the transformation of the global trade and payment system in the light of the dynamic relations of the triune God. Based on the inequities, ambiguities, and contradictions in the system uncovered by the framework, it makes a case for a denationalized single global currency as a means of redressing certain destructive dynamics in today's global monetary system."

Nimi Wariboko God and Money - A Theology of Money in a Globalizing World (2008) p.1

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