Home
/
RELIGION & LIBERTY ONLINE
/
‘The Gift of the Magi’ and the Power of Exchange
‘The Gift of the Magi’ and the Power of Exchange
Nov 3, 2025 9:31 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
Self-Denial in the Age of Self-Help
I recently discussed the importance of aligning ourselves to God before getting too carried away with our own plans for economic restoration. We should instead seek to supplant the personal for the divine, embracing a transcendent framework through which we can pursue what we already recognize to be transcendent ends. This is particularly difficult in a society that persistently glorifies a misguided conception of the self, and it’s not much better in broader Christian culture, where an increasing number of...
New E-Zone Unemployment Rates Should Raise American Alarm
Record unemployment rates in Europe have been published and they should alarm Americans. Why? Because we are headed in the same direction. Nile Gardiner, of The Telegraph, is quite sure of this: The United States isn’t just gliding towards a continental European-style future of vast welfare systems, economic decline, and massive debts – it is accelerating towards it at full speed. Or as Acton Institute research director Samuel Gregg puts it in his excellent new book published today [January 8]...
Texas: The Thorn in Progressive Liberalism’s Side
“Hell hath no fury like a tax-and-spend liberal scorned” -Me (like ten minutes ago) ————- In the on-going debate between proponents of Big v. Limited government, it can often be too easy to dismiss the other side on partisan, emotional grounds. The Left accuses the Right of possessing callous hearts toward the poor, indifference toward the “infrastructure” of our nation, and a blind allegiance to nefarious, shadowy 1%-ers who pull the strings of Big (insert any word but “Government” here)....
The Favorite Business Term Shared by Cosmo Kramer and Corporate Fraudsters
In one of my favorite exchanges on the Seinfeld, Cosmo Kramer and Jerry Seinfeld have the following discussion about tax write-offs: Kramer: “It’s a write-off for them.” Jerry: “How is it a write-off?” Kramer: “They just write it off.” Jerry: “Write it off what?” Kramer: “Jerry, all these panies, they write off everything.” Jerry: “You don’t even know what a write-off is.” Kramer: “Do you?” Jerry: “No, I don’t.” Kramer: “But they do. And they’re the ones writing it off.”...
Freedom for Kiwis, But Not for Thee
There are more people living in the city of Los Angeles than live in New Zealand. Yet the small country in Oceania beats out the the U.S. in several key areas, such as on the production of movies about hobbits, ratio of sheep to humans (9 to 1), and . . . economic freedom. And the Kiwis aren’t the only ones. Australia, Canada, Switzerland, and six other countries have more freedom to control their own labor and property than we...
On Regulating Football
is reporting that Junior Seau, mitted suicide in May, just two years after retiring from the NFL, tested positive for chronic traumatic encephalopathy(CTE), a neurodegenerative disease that has been associated with dementia, memory loss and depression found in many deceased NFL players. Naturally, as more data and deaths point to football’s brain injury risks, there will be more and more calls to action. A fundamental question in this discourse is this: “who has the moral responsibility and authority to...
Media Bias in the HHS Mandate Fight? Say It Ain’t So
USA Today has a piece today on the HHS mandate battle. What I noticed was not so much the story, but the photo the newspaper chose to run. It’s an AP photo by Derik Holtmann from a rally held last spring, about the same time as numerous other rallies were taking place around the country. Since there is nothing in the story about the photo, I can only assume it was chosen “randomly.” Here it is: I don’t know what...
Audio: Samuel Gregg on ‘Kresta in the Afternoon’ Show
Samuel Gregg, director of research at the Acton Institute, recently joined Al Kresta of Ave Maria Radio to discuss Gregg’s new ing Europe. Amity Shlaes, author of The Forgotten Man and Coolidge, said this about the book: “Gregg spotlights the perils of American progressive arrogance so clearly they can no longer be denied or ignored. His logic is incontrovertible. Every economist, historian, and politician should read ing Europe.” Click on the button below to listen to the Kresta interview: [audio:...
The Fiscal Cliff and the Fifth Commandment
America’s recent fiscal crisis has been delayed, not averted. Even if action is taken within the next few months to cut spending and/or raise taxes, the day of reckoning will only be slightly delayed since no one is willing to touch the three programs that constitute almost half the federal budget: Social Security, Medicare, and Medicaid. As Collin Garbarino argues, this situation will likely continue because “most Americans aren’t ready to have granny living in the spare bedroom.” Everyone, not...
Valjean, Lord Acton, and the Common Moral Code
In this week’s Acton Commentary, “The Mundane Morality of Les Misérables,” I explore the new musical film and in particular a transitional episode where the main protagonist, Jean Valjean, is faced with a moral dilemma: “If I speak, I am condemned. If I stay silent, I am damned!” Here’s a performance of the scene from the musical’s 10th anniversary, featuring Colm Wilkinson as Valjean: What we see is Valjean consider, and then reject, an avenue of moral reasoning that would...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved