Hay’s eight Biblical principles for economic life
Donald Hay used the idea of stewardship to derive eight Biblical principles for economic life. The purpose of this article is to contribute commentary on and criticism of Hay's approach. The eight Biblical principles cover three main issues, namely creation and man's dominion, man and his work, and the distribution of goods. While social principles can be in conflict with each other, Biblical principles ought not to be in conflict. The test to determine whether the principles have been correctly derived is to revert back to the original text constantly. Upon further reflection it is possible to arrive at further applications of Biblical principles in relation to the sphere of economic life.