Dr. Wayne Grudem: The Moral Advantages of a Free-Market System

In his presentation, The Moral Advantages of a Free-Market System, Dr. Wayne Grudem defines a free-market system, lists the factors that determine the degree of freedom, details sixteen moral advantages of a free-market system, and addresses the flawed objections to free-market economics. This must-see video — which can only be found at IFI — concludes with a brief Q&A session.

“The solution is not generosity,” Dr. Grudem proclaims, a statement that seemingly contradicts everything we’ve been told. As an example, while most agree there’s a severe problem in Africa — containing 13 percent of the world’s population but producing 1 percent of its economic output — the solution most people prescribe looks nothing like theologian Wayne Grudem’s answer.