Home
/
RELIGION & LIBERTY ONLINE
/
‘The Gift of the Magi’ and the Power of Exchange
‘The Gift of the Magi’ and the Power of Exchange
Apr 24, 2026 3:24 PM

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
Breaking: City of Grand Rapids drops property tax dispute against Acton
Acton Building located in downtown Grand Rapids’ Heartside District A two-year dispute between the Acton Institute and the City of Grand Rapids over the non-profit’s exempt status under state property tax law is over, with Acton emerging the victor. In 2014, the City rejected Acton’s request for a tax exemption on its building, parking areas, and personal property at 98 E. Fulton. Acton purchased the property in 2012 and spent much of the next year renovating the property. An appeal...
Feel the Romantic Bern
“Do voters have a mitment problem’ with Bernie Sanders?” asks Dylan Pahman in this week’s Acton Commentary. So why would someone who seems really to want to be President (unlike candidates who appear to be using their campaigns to promote a book, for example) tell Americans he’s a socialist when half the country says they wouldn’t vote for one? How does that serve his interest? Shouldn’t it hurt his electability? The full text of the essay can be found here....
Elon Musk on the Problem with Regulators
“Most of economics can be summarized in four words: ‘People respond to incentives,’” says economist Steven E. Landsburg. “The rest mentary.” When governments create a regulation, they are creating an incentive for individuals and businesses to respond in a particular way. But the people who create the regulations —government regulators — also respond to incentives. As Elon Musk, the CEO of Space X and Tesla Motors, explains, There is a fundamental problem with regulators. If a regulator agrees to change...
Explainer: What You Should Know About GMOs and Mandatory Food Labeling
Last year, the House passed a bill to preempt states from imposing mandatory labeling of genetically engineered food (GMOs). But as Daren Bakst notes, “While it looked like the Senate was going to follow suit, in the last minute, the new Senate bill would actually effectively mandate the labeling of genetically engineered food.” “In the Senate bill, there would be a national mandatory labeling requirement unless the Secretary of Agriculture determines that there has been substantial participation by labeled foods...
To Reduce Human Trafficking, Increase Economic Freedom
Trafficking in persons is estimated to be one of the top-grossing criminal industries in the world (behind illegal drugs and arms trafficking), with traffickers profiting an estimated $32 billion every year. So what can be done to end this scourge? A recent report from the Heritage Foundation mends an oft-overlooked solution: adopting policies that promote economic freedom. A close examination of human trafficking and the principles of economic freedom—especially strong rule of law—reveals the robust connections between these two desirable...
Video: A Gentleman’s Debate – Distributism vs. Free Markets with Jay Richards and Joseph Pearce
On February 18th, the Acton Institute was pleased to e Jay Richards and Joseph Pearce to our Mark Murray Auditorium for an exchange on two distinct ideas on economics: Distributism vs. Free Markets. The gentleman’s debate was moderated by Acton Institute President Rev. Robert A. Sirico. Joseph Pearce, writer in residence at Aquinas College in Nashville, Tennessee, and Director of the college’s Center for Faith and Culture, argued in favor of distributism; Jay Richards,Assistant Research Professor School of Business and...
Audio: Todd Huizinga Talks Global Governance and the New Totalitarian Temptation
Todd Huizinga, Acton’s Director of International Outreach, joined host John J. Miller of National Reviewto discuss his new book,The New Totalitarian Temptation, on the Bookmonger Podcastat Ricochet.They discussed the problems afflicting the European Union, the potential Exit of the UK from the EU, and whether or not the United States faces the same problems with unaccountable government that bedevil Europe. You can listen to the podcast here. If you find the topic interesting, you can join us tomorrow here at...
Shareholder Activists Drop Religious Pretext
Religious shareholder activist group As You Sow released its 2016 Proxy Preview last week, and it’s a doozy. Tellingly, AYS has dropped religious faith as a rationale for its climate-change and anti-lobbying efforts. From the panying press release: More 2016 shareholder proposals than ever before address climate change — pared with 82 in 2015. Of the resolutions, 22 ask energy extractors and suppliers to detail how the warming planet will affect their operations and how they will respond if governments...
Is the Government Ever Big Enough?
Can the government ever be too big? How much spending is enough spending? And if there can be too much spending, where is that point? “When was the last time you heard a liberal politician say, ‘Yeah, we solved that social ill. We’re just going to close up that government agency now, zero out the budget and move on to another problem,'” asks William Voegeli, Senior Editor of the Claremont Review of Books. In the video below, Voegeliexplains why our...
U.S. House unanimously passes bill declaring Islamic State guilty of genocide
UPDATE: (3/17/16) United States: Islamic mitted genocide against Christians, Shi’ites. U.S. Secretary of State John Kerry: “The fact is that Daesh kills Christians because they are Christians. Yazidis because they are Yazidis. Shi’ites because they are Shi’ites,” Kerry said, referring to the group by an Arabic acronym, and accusing it of crimes against humanity and of ethnic cleansing. Video of Secretary Kerry giving his statement on the Islamic State is now included at the bottom of this post. ✶✶✶✶✶ In...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved