Living Water
A Holistic Perspective of Microeconomics and Macroeconomics
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What is Living Water? How is it related to us in terms of economics, physics and theology? During the first Industrial Revolution, James Watt designed steam engine. Steam is known as living water. Adam Smith (1776) advocated a spirit of laissez-faire for economic system based on the self-regulating principle of flyball governor for a steam engine. Currency and water are indispensable media in life and exhibit characteristics of fluids. Lately some physicists endeavored economics in terms of properties of water, e.g.: temperature as an integrating factor or GDP, entropy as a state variable or p...
What is Living Water? How is it related to us in terms of economics, physics and theology? During the first Industrial Revolution, James Watt designed steam engine. Steam is known as living water. Adam Smith (1776) advocated a spirit of laissez-faire for economic system based on the self-regulating principle of flyball governor for a steam engine. Currency and water are indispensable media in life and exhibit characteristics of fluids. Lately some physicists endeavored economics in terms of properties of water, e.g.: temperature as an integrating factor or GDP, entropy as a state variable or production function, work, quality, incubation, liquidation, etc. Living Water assumes the holistic perspective of "scientia ancilla theologiae" and incorporates biblical economic & financial principles. It postulates the law of supply and demand of market as an equation of state of gas - a plausible explanation for 'invisible hand'. It discusses the equation of change using universal growth curve as an example. Spiritually, living water is a symbol for salvation and a true knowledge of God. The gas metaphor is spiritually intriguing since God breathed air into Adam's nostrils as the breath of life (Genesis 2:7). Also, Jesus breathed air on disciples and gave the Holy Spirit in John 20:22. Regardless of the development in neo-classical economics and econo-physics, the influences of Adam Smith and Karl Marx are undeniable in recent history. Current political tensions were rooted in the grid-lock debate of capitalism and communism. It is time to re-explore Protestant Ethics to guide government configuration and policies, e.g. 'Do justice, love mercy and walk humbly with God' (Micah 6:8b). Christian ethics can only be upheld by honoring the tripartite government outlined in Isaiah 33:22: "For the Lord is our judge, the Lord is our lawgiver, the Lord is our king; it is he who will save us."
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