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The divine economy, in Eastern Orthodoxy, not only refers to God's actions to bring about the world's salvation and redemption, but to all of God's dealings with, and interactions with, the world, including the Creation.
The term "Economy of Salvation" is first used by Origen of Alexandria, although references to the "Divine Economy", the "Economy of God" or simply the "Economy" are in earlier Church fathers. [9] Giorgio Agamben's The Kingdom and the Glory: For a Theological Genealogy of Economy and Government (2007; Eng. translation, 2011, p.
Divine intervention is an event that occurs when a deity (i.e. God or gods) becomes actively involved in changing some situation in human affairs. In contrast to other kinds of divine action, the expression "divine intervention" implies that there is some kind of identifiable situation or state of affairs that a god chooses to get involved with, to intervene in, in order to change, end, or ...
Conversely, if New Keynesian models are extended to account for these real imperfections, divine coincidence disappears and central banks again face a trade-off between inflation and output gap stabilization. The definition of divine coincidence is usually attributed to the seminal article by Olivier Blanchard and Jordi Galí in 2007. [1]
Even Adam Smith, the canny Scot whose monumental book, "The Wealth of Nations" (1776), represents the beginning of modern economics or political economy-even he was so thrilled by the recognition of an order in the economic system that he proclaimed the mystical principle of the "invisible hand": that each individual in pursuing his own selfish ...
Keynesian economics advocates the use of automatic and discretionary countercyclical policies to lessen the impact of the business cycle. One example of an automatically countercyclical fiscal policy is progressive taxation. By taxing a larger proportion of income when the economy expands, a progressive tax tends to decrease demand when the ...
Islamic economics (Arabic: الاقتصاد الإسلامي) refers to the knowledge of economics or economic activities and processes in terms of Islamic principles and teachings. [1] Islam has a set of specific moral norms and values about individual and social economic behavior.
Augustine mentions Lydia of Thyatira as an example of one who is monergistically saved by a regeneration of the heart, without depending on cooperation. [15]After establishing the Gospel (the life, death and resurrection of Jesus Christ), the Westminster Confession goes on to explain how faith, and therefore the salvation of Christ, is effected in man by God, which explanation constitutes a ...