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 16, 2026 10:13 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
Dashed hopes in crisis? Be like Charles Borromeo
When the Israelites wondered aimlessly in the desert, often they got lost, were scared and worshiped false idols to abate their worries. They abandoned Yahweh, but the Lord did not reciprocate. Rather, he stood steadfastly by his chosen people, and demanded they walk straight, heads up and remain focused, trusting pletely, for soon would reach the coveted Promised Land. The Old Testament Covenant provided God’s chosen people with the gift of theological hope which the Israelite nation collectively relied on...
How the Church can respond to the Coronavirus pandemic
If you had you asked someone on New Year’s Day of 2020 what they envisioned the year ahead might look like, few would’ve imagined that the first few months would be spent canceling trips, events, and academic semesters. Families and college students hadn’t planned to spend their spring break in quarantine. Most businesses didn’t enter the year in fear of stomach-turning Dow Jones plummets and sobering market uncertainty. Regardless of projections, governments across the world are taking extensive measures to...
End the BBC’s monopoly status
The UK’s exit from the European Union opened a new era of liberty by empowering the British people to control their own destiny. However, state monopolies undermine their newfound autonomy by removing them from key decisions that affect their lives. One of the foremost UK monopolies that has eroded consumer sovereignty is the BBC, argues Rev. Richard Turnbull in a new essay for the Acton Institute’sReligion & Liberty Transatlanticwebsite. Rev. Turnbull – who is both ordained in the Church of...
By God’s Grace we will win the COVID-19 race
In this global crisis, mankind will find medical weapons to slay the COVID-19 dragon and stave off a massive loss of lives and global economic collapse. However, this means allowing enough operating space for God, through His Grace, by remaining diligently prayerful while also zealous and creative in our scientific research. Read More… “By God’s Grace we will win the race.” I love this optimistic expression used by some of my African priest friends in Rome. It is true that...
Christian anthropology begins with you! Three texts for meditation
While seeing is believing, being is best. Being who you are is a lifetime’s work. This has been in the forefront of my mind this past month, as each week I’ve been turning out reading lists on natural law, how to think like an economist, and how to think and talk about politics. I’ve been thinking about seeing, believing, and being, because this week I want to suggest some readings on Christian anthropology. On other topics, I’ve tried to suggest...
The Midwest’s growing ‘faith-and-tech movement’
We have long heard about the incessant flow of America’s best-and-brightest workers to the country’s largest urban centers, leading many to fear the consolidated power of “coastal elites” and the continuous disruption of the American heartland. Yet this movement seems to be slowing, as more workers and businesses shift to mid-sized metropolitan areas across the Midwest. Many venture capital firms are following suit, eyeing various eback cities” as frontiers for new growth. Given the many demographic and cultural differences between...
Cleveland church must stop helping the poor or stop being a church: City govt
After being thrown out of a Cleveland church that doubles as a homeless shelter, a vagrant used a pistol to force his way back inside. Unfortunately, the gun-wielding intruder wasn’t the biggest threat to the facility’s survival: Its own government was. The Denison Avenue United Church of Christ began sheltering the homeless last fall, after joining forces with the Metanoia Project, a local nonprofit. When St. Malachi Catholic Church had to reduce the number of people it housed, Denison UCC...
The post-liberal Right: The good, the bad, and the perplexing
This article first appeared on March 2, 2020, in Public Discourse, the journal of the Witherspoon Institute, and was republished with permission. Since 2016, much of the American Right has been preoccupied with the liberalism wars. Whether they question aspects of the American Founding, express strong doubts about free markets or press for more assertive roles for the state, post-liberals believe that the ideas variously called “classical liberalism,” “modern conservatism,” or simply “liberalism” have exercised too strong a hold on...
Thousands gather in Venezuela to protest Nicolás Maduro’s government
With coronavirus understandably being the focus of most people’s thoughts these days, it’s not surprising that other important events might escape our attention. Consider, for example, the fact that tens of thousands of Venezuelans took to the streets on March 10 this week in their nation’s capital, Caracas, as well as other cities to demand an end to the Chavista dictatorship of President Nicolás Maduro which has driven the country into an economic black hole from which it shows no...
Why culture matters for the economy
This article first appeared on February 24, 2020, in Law & Liberty, a project of Liberty Fund, Inc., and was republished with permission. In many peoples’ minds, economics and economists remain locked in a world of homo economicus—the ultimate pleasure-calculator who seeks only to maximize personal satisfaction from the consumption of goods and services and whose occasional displays of seemingly altruistic behavior really only function as a means of self-satisfaction. This conception of economics is far removed from how modern...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved