David Kotter makes a biblical case for the wisdom of free markets over at The Center for Gospel and Culture. He writes,
The Bible does not endorse American-style Capitalism, nor did the early church practice Communist central planning in the early chapters of Acts. You will not find Adam Smith prophetically foretold in the Scriptures, nor any allusion to Karl Marx. Republican Party economics is not a required part of Christianity.
Yet, the Bible contains clear economic principles and the early church grew in an environment of buying, selling, borrowing, and hiring. In essence, an economy of free markets and entrepreneurship follows from the commands given by God, though sin has marred the business practices that we experience today. Free markets only require recognition of property rights and the freedom to trade with other people.
Read the rest here