In many religious contexts, the idea of “economic theology” is seen as almost a contradiction in terms. Theology, after all, deals with the divine whereas economics is fundamentally about the grossly material. It is perhaps unsurprising that Mormon theology — a system of ideas that denies the distinction between temporal and spiritual things, and that places God and spirit in a purely material framework — has a great deal more to say about economic issues than have many other Christian theologies. Hence, coming to grips with the evolution of Mormon economic theology is a task of obvious importance.
In this post, I want to briefly sketch out what I currently see as the six major periods of economic theology in Mormon history. This is an initial schematization, so comments are especially welcome. For each theological period, I will offer a title, a range of dates, and a brief explanation. As is typically the case with systems of ideas, each of the five theologies to be discussed below has exerted an effect that lingers to the present. Yet, rather than refuse to assign end dates in order to recognize the long tail of influence that ideas have, I will instead specify a final date corresponding to the time when this theology was no longer frequently preached by top church leaders.

Early Collectivism, 1828-1837. The first two periods of Mormon economic theology were highly responsive to Joseph Smith’s revelations, and thus consisted more of networks of instructions than of reason and argumentation. What I am calling early collectivist economic theology first arose in the Book of Mormon, which contains multiple references to economic equality and collective ownership (”all things common among them“) as the divine ideal for society. Other portions of the book, including the economic segment of King Benjamin’s sermon in early Mosiah, provide reinforcing messages about individual responsibility to the poor, in particular, and the collectivity more generally. These themes are expanded and developed in the Law of Consecration revelations, now found in the Doctrine and Covenants. Early collectivst theology was made distinctive by its emphasis on appeals to individuals as the basis for holding together the collectivity; institutions and organizing principles were given at best a secondary emphasis. The early collectivist period faded out as the conflict in Missouri became so intense that economic experimentation was no longer viable.

Kingdom Economic Theology, 1838-about 1900. The distinctive emphasis of early collectivism was concern for the poorest so that the group as a whole could be made equal. In contrast, the focus of the kingdom period in Mormon economic theology was the use of all economic resources to build up the church and the kingdom of God as institutions. Hence, another kind of economic unity becomes paramount for church members: unity in obedience, rather than unity in joint ownership. Kingdom economic theology becomes prominent in the religious rationales offered for Joseph Smith’s virtual monopoly over land sales in Nauvoo and continues through the entire period of intense conflict with the Gentile world. On the one hand, kingdom economic theology may have enhanced the Mormon ability to survive such conflict by allowing top leadership maximum resource autonomy in conflicts with outsiders. However, on the other hand, kingdom economic theology also contributed to the conflict, offending the nascent capitalist/individualist sensibilities of Americans in general who thoroughly rejected the idea that religious leaders could control their followers’ economic lives. Kingdom theology faded out about when the church as political kingdom did — i.e., around the beginning of the 20th century. Perhaps the most important legacy of this period is the current form of the Law of Consecration covenant.

Late Collectivism, 1874-about 1900. While the United Order period in Utah certainly has continuities with the earlier collectivist period, there were noteworthy differences, as well. Perhaps the most important difference is the increased emphasis in the late collectivist period of economic theology on institutions and organizations. It isn’t too much of an exaggeration to claim that Brigham Young was incapable of giving a sermon on the United Order without offering a practical and theological rationale for some experimental social institution. The institutional forms highlighted during this period included producer’s coops, collectivized towns, and even large apartment building-type structures in which child-care and family life would be collectivized among multiple families. While continuing the emphasis on individual responsibility toward the collective from the earlier period, then, the late collectivist period is more than a revival: it’s a reinvention along more radically social-experimental lines.

Moderate Individualism, 1900-the mid-1990s. During the process of Americanization of the Mormon community, after the abandonment of polygamy, economic collectivism, and the temporal kingdom of God, church leaders produced an economic theology that echoed the moderate individualism of mainstream American society. While this theology is clearly anti-communist in rhetoric and logic, the emphasis is more squarely on the economic responsibilities of men, in particular, and families, more generally. In comparison with previous periods, the moderate individualist period is marked with a strong insistence that men have a divine, theologically-motivated duty to work hard enough to economically support their own families. Other points of emphasis include family networks as the divinely-appointed safety net for people who are temporarily unable to support themselves; and education, particularly in the sciences and engineering, as a means to economic success. While this economic theology still feels contemporary to most Mormons, there has been a distinct decline in the frequency with which it is preached by our top leadership in recent years.

Radical Individualism, 1960-the mid-1980s. Above all, radical individualist economic theology is the legacy of Ezra Taft Benson. In a long series of economic and political sermons starting about the time of his endorsement of the John Birch Society in 1960, Benson created an economic theology in which the individual is the only morally legitimate economic unit. All institutional structures which attempt to regulate or redistribute economic outcomes are encroachments on the economic liberty of the individual. Not only are government welfare systems inferior to individual effort, family support networks, and church charity — as in moderate individualist economic theology — but in fact such welfare systems are theft: the government is stealing money from successful individuals and reassigning it to the poor. Radical individualist economic theology imagines a dramatic transformation of society in the direction of laissez faire capitalism as the best institutional support for individual free agency, the master value in this theological system. During his later years, Benson all but ceased his public preaching on radical individualist economic theology and, in the years since his ministry ended, no other leader has advocated this theological system.

Risk Aversion, mid-1970s-the present. The most recent version of Mormon economic theology is much less comprehensive than any of its predecessors. It offers little guidance on grand questions related to the economic future of the kingdom or national economic policy. Instead, the focus is on encouraging economic risk aversion among members of the church in their individual decisions. This emphasis on risk aversion appears in Spencer W. Kimball’s sermons from the 1970s and early 1980s on food storage and gardens as hedges for economic misfortune. It continues to the present in sermons focused on the need to avoid gambling and get out of debt. In risk aversion economic theology, each of these topics is typically treated as a stand-alone theme, rather than as part of an overarching package of economic ideas. Nonetheless, similar arguments drawing on economic outcomes are offered in each case. Speakers routinely emphasize the dangers of unexpected negative economic events (losing a job, becoming ill, etc.) as a justification for advice on particular points. In comparison with earlier periods, risk aversion economic theology is perhaps noteworthy for the degree of freedom in economic beliefs that it leaves with individual members of the church. Members are left free to support or oppose welfare policies of their national governments, and they are rarely asked to make major economic sacrifices for the church or the community. Instead, they are encouraged to plan their economic lives with a fixed eye on worst-case scenarios. This is perhaps especially fitting in the increasingly economically diverse church of the 21st century.
It should, of course, come as no surprise that Mormon economic theology has evolved over time. Different leaders bring individual personalities and packages of ideas to bear in addressing economic themes. But also, the economic circumstances of the church and its members have varied substantially during the last 175 years or so. Hence, it would perhaps be more shocking if the church’s economic theology had remained fixed throughout.