Torch, Spring/Summer 2009

eople have different ways of dealing with the current economic situation. Some ignore it, some obsess over every fluctuation on that pesky Dow Jones index, and others just try to keep it all in perspective. Of course, for believers, that perspective should be guided by Scripture and our knowledge of God’s love for us. We know the economy has been on a downward slide for more than a year. Large companies have failed, unemployment is high, and people are being laid off at work. But what does it all mean? Are downturns just as much a mark of a healthy economy as the good times are? Is it really as bad as the Great Depression? And, perhaps most importantly, will our economy ever recover from the crisis? This edition of TORCH explores these questions and more as we seek to make sense of today’s economic context. We will study historical successes and failures as well as current trends, providing you with information that will help clear away a bit of the fog that overwhelms us right now. But we hope not only to enlighten and engage you regarding this issue but also to encourage you and remind you that God is still on His throne and still in control. How does God intend for us to face hard times? Although there are many unanswered questions, we know He would not have us be anxious or live in fear (Matt. 6:25–34); He would expect each of us to work hard, earn our own way, and continue to do good (2 Thess. 3:7–13); and He would command us to respect and honor those He has put in authority over us (Rom. 13:1–7). Throughout the next 30 pages, we will address different facets of the economy through various perspectives — from a business professor’s look at the global economy to a pastor’s historical take. I am particularly grateful for the quality and expertise provided by the faculty in the Cedarville University Department of Business Administration. This program continues to be a great strength for Cedarville, and I’m pleased to have this opportunity to share their insights with you. I’m also excited to introduce to you the new format of TORCH . As we all seek to navigate the waters of an uncertain economy, this issue of TORCH represents one way that Cedarville University can steward its resources toward greater influence in the Kingdom. Not only does the condensed size offer an economical advantage, but the updated design also builds on the stellar graphics and insightful content you’ve come to expect. I hope you enjoy exploring the pages of the new TORCH! May this edition serve as a guide, informing you and inspiring you for whatever lies ahead. Dr. Bill Brown President Cedarville University A Fragile Economy Making Sense of Today’s Critical Issues From a Biblical Perspective P COVER: ISTOCKPHOTO