1. Transforming Europe’s Economy:
18 – 20 September 2014
Transforming Europe’s Economy:
from Biblical teaching to practical implementation in 2014
Dr Michael Schluter CBE

2. B. What is the Biblical Economic Model?
18 – 20 September 2014
B. What is the Biblical Economic Model?

3. B. What is the Biblical Economic Model?
Structural assumptions
Property and Family
Capital: what are the rules?
Capital: the implications
Welfare

4. Structural Assumptions
Relational Markets
Relational Poverty
Relational Government
Relational Money

5. Property and Family Principles of the Old Testament Jubilee Roots
Proximity
Equity
Freedom for debtors and bonded workers

6. Capital: what are the rules?
A ban on interest (e.g. Deuteronomy 23:19-20)
Every 7th year, cancel all debts (Deuteronomy 15: 1-6)
Why?

7. Capital: the implications
No absentee landlords

8. Capital: the implications
No reward without responsibility, no investment without involvement, no profit without participation

9. Capital: the implications
No lasting indebtedness
Reduced labour mobility
No capital supply chain
Capital Provider (individual whose capital is to be invested) 
Independent Financial Adviser or Bank or other adviser
Fund Manager (manages investments in companies)
Different funds (separately managed)
Listed Companies in which the capital provider’s capital is invested

10. Welfare Shared weekly rest day Family and Community responsibility
Government role: motivate, empower, support