Bibliographic Information
Barnes, K. J. (2018). Redeeming capitalism. Grand Rapids, MI: William B. Eerdmans Publishing Company.
Introductory Note
Capitalism is one of the most pervasive forces influencing the lives and experiences of many citizens across the globe. This paper gives a detailed assessment of the book, Redeeming Capitalism by Kenneth J. Barnes. It goes further to identify its outstanding themes, writing techniques, and contributions to the field of economy.
Book’s Author
The author of the selected book is Kenneth J. Barnes. He is a scholar, researcher, and clergyman whose works focus on business strategy, ethics, capitalism, and religion. He has been applying his wisdom on different fields to present evidence-based insights for transforming the world (Barnes, 2018). Using this kind of knowledge, Barnes proposes virtuous choices to deal with the drawbacks of capitalism.
Book’s Arguments: Central Thesis
The author of this text reveals that capitalism is the best choice for the United States and other countries across the world since it has continued to deliver positive economic results. Unfortunately, he argues that the model is brutal since it has triggered numerous challenges and predicaments (Barnes, 2018). With such gaps, the central thesis of the text is that there is a need for the global society to combine aspects of morality and ethics with modern capitalism and ensure that it meets the needs of all societies.
The decision to consider virtuous choices can make it easier for nations to protect themselves against potential financial crises and promote equality for all. Redeeming capitalism means implementing evidence-based practices and embracing the concept of religion in order to get closer to a new economic model (Barnes, 2018). This new approach will ensure that all human beings flourish and engage in responsible stewardship. He goes further to identify specific virtues that individuals should take seriously to make capitalism a master and not a tool. Some of them include love, hope, and faith. The successful redemption of capitalism will make the world a better place for all people across the world.
Writing Style and Technique
After going through the selected book, the reader observes that Barnes uses a simple style to deliver the intended message. This means that he employs a formal approach and easy words to analyze the unique issues associated with capitalism, its historical developments, modern problems, and evidence-based approaches for redeeming it. In terms of technique, the author combines the power of theology and philosophy to analyze a topic that many people have examined from diverse perspectives (Barnes, 2018). He also introduces aspects of sustainability and ethics since they can transform the world.
Contributions to Economic Knowledge
Barnes’ book is informative since it provides useful ideas that many people in the field of economics should take seriously. Firstly, the concept of ethical entrepreneurship gains new attention from this book whereby businesspeople and investors should engage in acceptable activities, promote love for all, and leave the world much better. The aspect of religion is also essential whenever focusing on issues to do with capitalism. Secondly, this text explains why the notion of economic justice becomes a powerful framework that organizations can use to guide all people to lead high-quality lives (Barnes, 2018). Lastly, the idea of sustainable capitalism is evident whereby the author recommends powerful practices to protect the natural environment while promoting the welfare of all communities.
Conclusion
Barnes provides powerful ideas and insights that can guide policymakers and entrepreneurs to pursue action plans capable of transforming the world. The author follows a theological approach to deliver his ideas and propose new strategies for redeeming capitalism. The text is also important since it provides evidence-based ideas for improving human interpretation of economics.
Reference
Barnes, K. J. (2018). Redeeming capitalism. Grand Rapids, MI: William B. Eerdmans Publishing Company.