Monetary wisdom: From the holy bible to a global theory of organization science

ABSTRACT

Monetary wisdom asserts that decision-makers select their deep-rooted personal values as a lens and frame the critical concerns in the proximal-immediate and distal-omnibus contexts to maximize their expected utilities and ultimate serenity. In the Holy Bible, Jesus talked about the Parable of Talents in the book of Matthew. "A man who was going on a journey called in his servants and entrusted his possessions to them. To one he gave five talents;to another, two;to a third, one-to each according to his ability." These three servants' handling of the entrusted possessions tells us an exciting story of the Matthew Effect, their values toward the money, and their Monetary Wisdom. The Matthew Effect has bright and dark sides. The rich get richer, and the poor get poorer. I summarize my journey from the Matthew Effect, the love of money, serving God and mammon, to the development of Monetary Wisdom-a global theory of organization science. For decades, scholars have substantiated this psychological construct in 45 countries across six continents. Avaricious monetary aspiration predicts not only behavioral intentions but also actions. This theory applies to decision-makers at the individual, group, organization, country, global levels, and stressful COVID-19 pandemic. Serving God leads to growth and prosperity. Serving mammon leads to death and poverty. Monetary Wisdom sparks our interest in the Holy Bible and behavioral economics, helping us become healthier, happier, and wealthier than before. © 2021 Nova Science Publishers, Inc.