As I prepared for my recent 'Discipleship Economics' workshop I tried to strain some foundational principles out of my swirl of thoughts about personal economics grounded in personal values. So far I have come up with Three Principles of Personal Economics that I hope you'll find as valuable as I have. They are all based on what I call the
Transcendent Virtue: Love your neighbor as you love yourself.
1)
Simplicity - Free your time, commitment, and money by limiting your personal needs and meeting them with a minimum of resources. If we ought to care for our neighbors as we do ourselves, it stands to reason that our personal economics must leave room for our neighbors. This begins with limiting how much of our resources are devoted to our own needs.
2) Generosity - Simplicity without generosity is only stinginess or laziness. If a need can be filled by giving your Time or your Commitment, that is probably the best way. Give money as an act of relationship, not in lieu of it. Money is best given within established, ongoing relationships. Generosity should be proactive: Set aside time, commitment, and money; seek out great ways to use them. The results might amaze you.
3) Ethicality - Even as you simplify your lifestyle you will continue to buy things. Many products are made using substandard ethical or environmental practices. Make a serious effort to buy only the most ethically and environmentally sound products. Remember, your neighbor is anyone that you have the opportunity to care for, and each time you make a purchase, you have the opportunity to care for the people behind your product.
(The difficulty in finding this information is why my friends and I are building WikiChoice, a web service that will give you instant access to the best consumer choices. Follow us on Twitter
here.)
Labels: Economics, Simplicity, The Idea Camp, wikichoice