What caused the U.S. housing market to collapse? Why has Europe adopted a single currency and experienced economic decline? What lies behind the very strong economic performance of emerging market economies? A thoughtful response to these kinds of questions requires an understanding of key concepts in economics. In this accessible resource, an economics professor draws on the Christian tradition to help readers understand and evaluate capitalism, the free market, welfare, the gap between rich and poor, and more. Exploring economic principles outlined in the Old and New Testaments, the thought of church fathers such as Augustine, and the technological and financial innovations of the Middle Ages and Industrial Revolution, this book will help readers apply Christian values to their thinking about economic theory and public policy.