Home
/
RELIGION & LIBERTY ONLINE
/
‘The Gift of the Magi’ and the Power of Exchange
‘The Gift of the Magi’ and the Power of Exchange
Jun 18, 2025 12:19 AM

Amid the wide array of quaint pelling Christmastales, O. Henry’s classic short story, “The Gift of the Magi,” continues to stand out as a uniquely captivating portrait of the powerof sacrificial exchange.

On the day before Christmas, Della longs to buy a present for her husband, Jim, restlessly counting and recounting her measly $1.87 before eventually surrendering to her poverty and bursting into tears. “Only $1.87 to buy a present for Jim,” the narrator laments. “Her Jim. Many a happy hour she had spent planning for something nice for him. Something fine and rare and sterling—something just a little bit near to being worthy of the honor of being owned by Jim.”

Wishing to buy him a new fob chain for his gold watch — his most valuable and treasured possession — Della decides to sell her beautiful brunette hair — her most valuable and treasured possession. “Rippling and shining like a cascade of brown waters,” Della’s hair was so long “it made itself almost a garment for her.” And yet, shedding but a “tear or two,” she goes through with it, trading her lovely hair to secure the $20 needed to buy a present for Jim.

Rushing to find just the right chain, Della scours the village market until she finds the perfect match. “There was no other like it in any of the stores,” the narrator explains. “It was like him. Quietness and value—the description applied to both.”

Later that evening, waiting anxiously for Jim e home, Della tries to make her newly chopped hair look presentable. When Jim finally arrives, he looks at Della’s shorthair and is stunned, proceeding to offer up the gift he himself had been busy purchasing for her:

For there lay The Combs–the set bs, side and back, that Della had worshipped long in a Broadway window. bs, pure tortoise shell, with jewelled rims–just the shade to wear in the beautiful vanished hair. They were bs, she knew, and her heart had simply craved and yearned over them without the least hope of possession. And now, they were hers, but the tresses that should have adorned the coveted adornments were gone.

Filling out ic irony, we learn how Jim afforded such a thing: by selling his prized gold watch. “Dell,” he says, “let’s put our Christmas presents away and keep ’em a while. They’re too nice to use just at present. I sold the watch to get the money to buy bs.”

The two had sacrificed their greatest treasures — wealth that Della didn’t even know she possessed—to lavish gifts on those they loved. And thus, O. Henry concludes the tale:

The magi, as you know, were wise men—wonderfully wise men—who brought gifts to the Babe in the manger. They invented the art of giving Christmas presents. Being wise, their gifts were no doubt wise ones, possibly bearing the privilege of exchange in case of duplication. And here I have lamely related to you the uneventful chronicle of two foolish children in a flat who most unwisely sacrificed for each other the greatest treasures of their house. But in a last word to the wise of these days let it be said that of all who give gifts these two were the wisest. O all who give and receive gifts, such as they are wisest. Everywhere they are wisest. They are the magi.

But althoughthe story itself centers on sacrifice and gift-giving in the typical Christmas context, the power bound up in its central irony is actually echoed and imitated across our livesin more ways than we typically acknowledge. If “all is gift,” as Evan Koons discovers in For the Life of the World: Letters to the Exiles, and if we are called to render these gifts to neighbor and thus to God across all spheres of life — in our families, work, creativity, and worship — how many of these opportunities linger inour day-to-day lives?

Indeed, we oftenparticipate in suchexchanges without even knowing it. We show up to work and yield our time, talent, and energyin the service of God and neighbor, receiving our own share of blessings in turn, from the paychecks we receive to the cars we drive to the gas that fills them to the food we purchase to the love and support and wisdom we’re given by friends and family and munities that surround us. Exchange is everywhere all the time— others-oriented investment and sacrifice is being met by others-oriented investment and sacrifice — creating webs of human relationship and collaboration that have the potential to generatemighty waves of love, generosity, charitability, creativity, and whole-life flourishing, economic, spiritual, and otherwise.

The challenge, then, is to not take it for granted — to know and appreciate it, yes, but further, to actively respond toGod’s call toward service in all that we do. To create and innovate, invest and reap, trade and exchange, and do so for the glory of God,not ourselves. To enter the workplace not just to make a buck or to gain status fortability, but to give of our talents, gifts, knowledge, and wealth in active obedience to the voice of the Holy Spirit.

As Evan Koons concludes at the end of Episode 3 of FLOW, God gave us a “gift nature” not that we might plod along as cogs in some grandmachine, but that we might participate in God’s movement of divine generosity and vast abundance:

mands us not to be anxious about our needs, so then why do we toil? Merely to tend our bodies? Or also to shape our souls? In giving us work, God invites us to blend the creativity of our minds with the labor of our bodies and then to share the products of this work with one another in free exchange —to make real munal nature, our gift nature, through our personal callings. We must never see our work as simply a way to gain. We must never see our labor as an impersonal force of efficiency. We must never see our work merely as a mechanism we might control with levers and switches of power.

All our work together, what we call the economy, that’s not a machine, either. Work is always personal, because work is always relational…So let us cherish our work as the glorious gift it is — the opportunity to join with others, literally millions of others, in a divine project of vast creativity, vast abundance for the meeting of needs, for the flourishing of cities, for the life of the world.

We, like Della, Jim, and the Magi before them, can wake up each and every day, grateful and eager to bear what O. Henry so poetically refers to as “the privilege of exchange.”

“O all who give and receive gifts, such as they are wisest. Everywhere they are wisest.”

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Rev. Sirico: Wealth Creation, Not Wealth Redistribution
Does the Circle of Protection actually help the poor? What may be surprising to many of those who are advocating for the protection of just about any welfare program is that these may not alleviate poverty but only redistribute wealth. Rev. Sirico explained in an interview with the National Catholic Register how the discussion should be about wealth creation, not wealth redistribution: Father Robert Sirico, president of the Acton Institute, a conservative think tank based in Grand Rapids, Mich., suggested...
Rev. Sirico: The Church as the Bride of Caesar
From the “What Would Jesus Cut” campaign to the Circle of Protection, Jim Wallis’s liberal activism rooted in his “religious witness” has grabbed headlines across the nation . Wallis advocates for the “protection” of the poor and vulnerable by pushing for expansive government welfare programs. However, has Wallis effectively analyzed all of the programs for efficiency before advocating for their preservation? In the National Review Online, Rev. Sirico raises many concerns about the Circle of Protection campaign underway by Wallis...
Information Overload: What Markets Can Teach Us About Faith
We live in the information age, or more accurately referred to as the age of “information overload.” Anyone who has a Twitter account knows what I’m talking about. You may feel like you’re drowning in a flood of Facebook statuses, emails and YouTube videos. With ing at us every which way, how can we process it all? How do we even know it’s true? Neoclassical economics assumes people act on the basis of perfect information. With all the information that’s...
Circling the Sacred Debt Wagons
In my mentary addressing the nation’s debt crisis I included words from Admiral James B. Stockdale. The full es from an essay on public virtue from the book Thoughts of A Philosophical Fighter Pilot. In his 1988 publication, Stockdale declared: Those who study the rise and fall of civilizations learn that no ing has been surely fatal to republics as a dearth of public virtue, the unwillingness of those who govern to place the value of their society above personal...
John Locke and a Chinese Investiture Controversy
Acton’s Director of Research Dr. Samuel Gregg has two new pieces today, in Public Discourse and The American Spectator. The first is a response to Greg Forster’s“Taking Locke Seriously” on June 27 in First Things. In that article, Forster took issue with Gregg’s June 22 Public Discourse piece, “Social Contracts, Human Flourishing, and the Economy.” Gregg argues, in a July 29 response to Forster titled “John Locke and the Inadequacies of Social Contract Theory,” that Locke’s political thought is based...
Call of the Entrepreneur Continues to Air on BIZ TV
Acton Institute would like to invite you to tune into BIZ TV for showings of The Call of the Entrepreneur, the first documentary released by ActonMedia. BIZ TV will be presenting the film today (July 29) at 5:00 pm EST, tomorrow (July 30) at 8:00 am EST, and Sunday, July 31 at 7:00 pm EST. BIZ TV is a network focused on airing inspirational true stories and informative talk shows that educate and motivate America’s entrepreneurs and small business owners,...
Fertile Ground for Farm Subsidy Cuts
Here’s the piece I contributed to today’s Acton News & Commentary: Fertile Ground for Farm Subsidy Cuts By Elise Amyx With debt and budget negotiations in gridlock, and a growing consensus that federal spending at current levels is unsustainable, political support for farm subsidies is waning fast. What’s more, high crop prices and clear injustices are building bipartisan support for significantly cutting agricultural subsidies in the 2012 Farm Bill. The New Deal introduced an enormous number of agriculture subsidy programs...
The Patriot Act and the Threat to the Rule of Law
Three of the Acton Institute’s core values are dignity of the person, the rule of law and the subsidiary role of government.The Patriot Act, passed in 2001, violates these fundamental principles. In the United States and elsewhere, freedom and protection against unreasonable government intrusion have been considered essential to a democratic society.Near the start of the American Revolution, the Founding Fathers and the American colonists had grown tired of English interference. A particularly inflammatory usage of law was “the British...
Circle of Protection Ads: A Telling Distortion of Scripture
The Circle of Protectionradio advertisementsbeing broadcast in three states right now make their arguments, such as they are, from a quotation of the Bible and a federal poverty program that might be cut in a debt promise. But the scriptural quotation is a serious misuse of the Book of Proverbs, and the claims about heating assistance programs are at best overblown: the ads are really no better than their goofy contemporary piano track. The Circle of Protection, of which the...
Rev Sirico: Budget, Debt, and Morality
Rev. Sirico was interviewed by Kathryn Jean Lopez of National Review Online on the national debt of the United States, the debt ceiling, and the moral issues of the budget debate. Their discussion spanned from how a prudent, discerning legislator should look at the debt-ceiling debate to the mind set needed when considering spending cuts: LOPEZ: So many spending cuts can be spun, some perhaps legitimately so, as mean (and liberal policymakers and activists — many with the best of...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved