The biblical verses convey the overall religious tone of the work while dealing significantly with financial issues. Money is often defined in religious texts as an inherent evil. However, many of the verses do not refer to the problems of money itself but the negative aspects of behavior associated with finances.
Christian religious texts devote considerable attention to the sin of greed as a basic, money-related trait. With some interpretation, this character feature may be seen in the context of price-setting strategies. For instance, the need for the calm and orderly management of finances is an important aspect of price setting (Hinteruber & Liozu, 2019). I Timothy 6:3-10 refers to the negative impact of excessive money cravings on human life (King James Bible, 1769/2017). I suggest that this could be interpreted as a warning against acting too boldly with finances. For instance, a wrong estimation of market demands or other errors in deciding on pricing can lead to substantial financial losses (Hinteruber & Liozu, 2019). The harmful desires mentioned in the text can be interpreted as specific wishes and as unreasonable business decisions.
The Bible describes, rather not obviously, some of the financial risks associated with market instability and the importance of investing for the overall welfare. I Timothy 6:17-19 emphasizes the need for careful money management and investing in areas with social value and developmental potential (King James Bible, 1769/2017). The verses of this chapter highlight the importance of rational resource allocation and an understanding of the marketplace’s volatility and, thus, of one’s savings.
Generally, the biblical verses give considerable attention to the negative consequences of excessive desire for profit caused by greed. In the context of pricing strategies, this may refer to the need to consider many financial aspects and rationality in price setting. In addition, religious texts note the importance of moderation in dealing with money and understanding financial risks.
Hinteruber, A., & Liozu, S. (2019). Pricing strategy implementation: Translating pricing strategy into results. Routledge.
King James Bible. (2017). King James Bible Online. (Original work published 1769)