Peter J. Leithart is President of the Theopolis Institute, Birmingham, Alabama, and an adjunct Senior Fellow at New St. Andrews College. He is author, most recently, of Gratitude: An Intellectual History (Baylor).

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Sacramental Economy

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Money is something of a mystery. Classical economics views money as a commodity that is selected as a medium of exchange and standard of value, which enables a society to grow from a barter system to a more complex and efficient economy. As Ole Bjerg points out in Making Money, a recent excursion into the philosophy of money, the classical theory leaves some puzzles in its wake. For starters, it doesn’t fit known historical facts. Anthropologists have yet to find a pure barter economy. Media of exchange always seem to be there already. Continue Reading »