"Business By the Book" Book Review

~Posted by Ben

As assigned reading for school, I have been reading “Business by the Book” by the late Christian economist, Larry Burkett. Since Business is one of my main career interests (politics being the other) I was really looking forward to reading this book! It was published in 1990, right on the heels of a time in business known as “the greedy eighties.” This term used in business circles describes a time of economic prosperity following Ronald Reagan’s tax cuts on the wealthy in the early 80’s. These tax cuts caused a resurgence in small business investment that sparked an unprecedented interest in entrepreneurism and “climbing the corporate ladder.” This effect was the backbone of the “Reagan recovery” from stagflation.

Such changes had both positive and negative consequences on American culture, especially the culture of American Business. Although the 80’s were a time of great economic growth, blue collar cities like Detroit and Flint experienced a grave economic downturn due to disinvestment and deindustrialization. Sadly, many businesses came to the harmful conclusion, “profits over people.”

It was at the pinnacle of this time period that Burkett wrote “Business by the Book.” In it, he presents the “radical” idea that it is entirely possible to conduct Business in such a way that is profitable, productive, and Biblical. He cites the reconstruction of Japan after World War II as his prime example. When General Douglas was appointed by President Truman as the military governor of Japan, he instituted laws for business largely based off Biblical truths. This, combined with the Japanese inherit respect for authority, as well as their strong unity and national pride, propelled them beyond their teacher to become one of the largest economies in the modern world. Burkett also gives a variety of positive examples of Christian businesses in the US that have based their business plan off of the scriptures and have experienced great profit for it.

In this book, Burkett deals with a lot of required decisions in modern business, including decisions on hiring, firing, borrowing, lending, management selection, employee pay, discounting, and many others. He also, using scripture, provides answers to many questions common among Christian businesses; questions such as, “Should I hire women to be in management over men?” “Should Christian businesses hire non-Christians?” “Is it acceptable for Christian businesses to borrow money?” “Can Christians sue people and/or other businesses for money?” “What do I do about an insubordinate employee?” When addressing all these questions, Burkett constantly goes back to scripture when giving his final answer on the subject.

I would highly encourage anyone interested in business and entrepreneurship to read this incredible book! My dad and I are now doing it as a weekly study, as many of its principles apply to everyday situations we both experience at work. I’m so grateful for Larry Burkett and all the wisdom he was able to share over the course of his life!