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Economics:

A Biblical View of Private Property

God’s sovereignty includes ownership of all His creation. Melchizedek, in blessing Abram, said, “Blessed be Abram of God Most High, Possessor of heaven and earth (Gen. 14:19; cf. v. 22). God demands obedience from His people because they live in the midst of His creation. They are responsible as stewards of God’s order. They cannot claim independent sovereignty or independent ownership. The Psalmist records God’s words: “Hear, O My people, and I will speak; O Israel, I will testify against you; I am your God… For every beast of the forest is Mine, the cattle on a thousand hills… For the world is Mine, and all it contains” (Psalm 50:7, 10, 12). The New Testament continues the relationship between sovereignty and ownership: “For the earth is the Lord’s, and all it contains” (1 Cor. 10:26). No aspect of the created order lies outside God’s claim of absolute ownership.

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