Dr. Wayne Grudem: The Moral Advantages of a Free-Market System
Dr. Wayne Grudem: The Moral Advantages of a Free-Market System
Written By David E. Smith   |   11.28.20

With the changes our nation* and world have experienced in the past four years, one might think that a video from the 2016 IFI Worldview Conference would be dated, but Dr. Wayne Grudem’s remarks are as pertinent now as ever.

To begin his presentation, Dr. Grudem defines a free-market system and lists the factors that determine the degree of freedom. He then details sixteen moral advantages of a free-market system and addresses the flawed objections to free-market economics. The video concludes with a brief Q&A session.

Dr. Wayne Grudem is Professor of Theology and Biblical Studies at Phoenix Seminary in Arizona. He is the author of twenty-two books and previously was a professor at Trinity Evangelical Divinity School in Deerfield, IL. Additionally, Dr. Grudem was the General Editor for the ESV Study Bible.

*According to the 2020 Index of Economic Freedom, the United State’s economic freedom score ranks 17th in the world, a decline from the rank of 11th Dr. Grudem references in his presentation.


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David  E. Smith
Dave Smith is the executive director of Illinois Family Institute (501c3) and Illinois Family Action (501c4). David has 25-plus-years of experience in public policy and grass-roots activism that includes countless interviews for numerous radio, television, cable programs and newspaper articles on topics such as the sanctity of life, natural marriage, broadcast decency, sex education, marijuana, gambling, abortion, homosexuality, tax policy, drug decriminalization and pornography. He and his wife of 28 years are blessed to be the parents of eight children. They strongly believe that their first duty before God is to disciple their children in the Christian faith, and impress...
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