Home
/
RELIGION & LIBERTY ONLINE
/
‘The Gift of the Magi’ and the Power of Exchange
‘The Gift of the Magi’ and the Power of Exchange
Jan 11, 2026 9:09 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
This Fathers’ Day, Remember that Property Is Holy
What can a Christian socialist teach us about being a father and faithful steward of God the Father’s gifts? Plenty. Read More… The French Revolution of 1848, which began on February 22 in Paris, led to the fall of the July Monarchy in France, the founding of the Second Republic, a wave of democratic revolutions across Europe, a revival of European liberalism, and the spread of various forms of socialism. Once again, just as in 1789, the old order of...
Can Fraternities Save America?
There’s a movement afoot to abolish Greek life nationwide. But what if frats are actually great places to form virtue and character in young men and not just reboots of Animal House? Read More… Dr. Anthony Bradley is on a quest to make fraternities virtuous again. “This is the craziest thing I’ve ever done,” he tells me. “I’m essentially bailing out water on the sinking Titanic.” The problem he’s confronting is well engrained in American culture and media: a quick...
Jimmy Lai Appeals National Security Committee Decision—Again
Lai’s legal team is arguing that mittee’s decision, which directly affects his personal freedoms and the rights of Hong Kong citizens, should be subject to judicial review. Read More… Jimmy Lai, the imprisoned Hong Kong media mogul and pro-democracy activist, has lodged an appeal after his previous attempt to challenge a decision made by the National Security Committee was rejected, according to the Hong Kong Free Press. The high-profile entrepreneur and former Apple Daily publisher is seeking to overturn mittee’s...
A Culinary Introduction to the Devout Life
Want to be more disciplined in your spiritual life? Chow down with the saints. Taste and see that it is good. Read More… es a time when you yearn to live out your faith more deeply. This can mean different things for different believers, but it usually entails taking up a variety of personal disciplines, returning to tradition, mitting oneself to prayer and introspection. For harried souls making our way in a hectic, secularized world, an idealized spiritual life is...
Spreading the Flame: The Pioneering Ministry of William Grimshaw
The 18th-century evangelical revival is believed to have saved England from a revolution akin to France’s. Among the lesser-known names who brought gospel hope to classes alienated from the church was a man whose tenacity at saving souls made almost as many enemies as friends. Read More… We have discussed so far the nature of the 18th-century evangelical revival in Britain through the eyes of the most well-known names, John and Charles Wesley and George Whitefield. From the 1740s munities...
European Union Demands Immediate Release of Jimmy Lai
Growing concerns over deteriorating human rights situation in Hong Kong, and the persecution of political dissidents, prompt EU’s call for immediate action. Read More… The European Parliament condemned the persecution of jailed newspaper publisher and pro-democracy activist Jimmy Lai, calling for his immediate and unconditional release from prison and the repeal of Hong Kong’s national security law (NSL), in a resolution passed on June 15, according to Voice of America. The resolution passed with 483 votes in favor, 9 against,...
Was the British Empire Evil?
It’s a given among most academics today that Britain’s empire and economic success was the result of the depredation of native cultures and gross exploitation. But what if it’s not true? Read More… There is edy sketch from British television, now made immortal by the internet, in which a Nazi soldier, waiting for Russian troops to advance on his army’s position, uneasily examines the skull insignias on his uniform and wonders if they might, in fact, be the baddies. Today...
Freedom of Religion Is Inherently Good
In many parts of the world, and even among some thinkers in the United States, freedom of conscience is seen as a threat to order and decency. But free choice, especially in religion, aligns perfectly with our free wills and is necessary for true human flourishing. Read More… Growing up in Yemen, a conservative branch of Islam was ‎very popular in my household, school, and mosque. Freedom of ‎religion was a myth frowned upon. It was thought that Islam ‎is...
There Are No Alternatives to Free Market Capitalism
Exploring Catholic social teaching in relation to economics is fine, but if we’re too open-minded about seeking a new mon good” capitalism, our brains might fall out. Read More… Alexander William Salter’s new book, The Political Economy of Distributism: Property, Liberty, and the Common Good, is an odd fish. It begs questions, contains numerous chapters that consist mostly of lengthy quotations, and at times seems to contradict itself, yet in the end it affirms an essential truth that we may...
Bridging the Church-State Divide
This sixth installment of a short history passionate conservatism explores what it meant to finally get into the White House and see policies implemented. Skepticism was not in short supply. Read More… In 2000, I didn’t realize until it was too late that my astronomically exaggerated proximity to presidential candidate George W. Bush would make me a target. For example, I had said in 1998 that women volunteers had run charitable enterprises in the 19th century, so women’s entrance into...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved