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 15, 2026 3:19 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
Cash for Young Entrepreneurs
The Hitachi Foundation is accepting applications for its 2013 Yoshiyama Young Entrepreneur Award, which identifies up to five young people striving to build “sustainable businesses” in the United States. Each awardee will receive $40,000 over two years, along with the tools and training designed to put a startup on the path to success. Deadline is March 28. The Hitachi Foundation says its Yoshiyama Young Entrepreneur Program “identifies and highlights leaders who are using the power of business to fight poverty...
Women of Liberty: Feminine Brigades of St. Joan of Arc
(March is Women’s History Month. Acton will be highlighting a number of women who have contributed significantly to the issue of liberty during this month.) According to the religious liberties established under article 24, educational services shall be secular and, therefore, free of any religious orientation. The educational services shall be based on scientific progress and shall fight against ignorance, ignorance’s effects, servitudes, fanaticism and prejudice. All religious associations organized according to article 130 and its derived legislation, shall be...
Samuel Gregg: What Tocqueville Knew
In the Wall Street Journal, Acton Research Director Samuel Gregg turns to French political thinker Alexis de Tocqueville to show how democratic systems can be used to strike a Faustian bargain. “Citizens use their votes to prop up the political class, in return for which the state uses its power to try and provide the citizens with perpetual economic security,” Gregg explains. This, of course, speaks to the current catastrophe that is the European welfare state. French workers, for example,...
Pope Francis and the Christians of the Middle East
“Every public gesture and word of the Holy Father tends to have meaning,” says Charles J. Chaput, the archbishop of Philadelphia. “So what was the pope saying with this symbolism as he began his new ministry?” Chaput believes Pope Francis focus is the persecuted church: The Chaldean and Syriac Catholic Churches of Iraq and Syria, while differing in rite and tradition from the Latin West, are integral members of the universal Catholic Church, in munion with the bishop of Rome....
Women of Liberty: Jane Jacobs
(March is Women’s History Month. Acton will be highlighting a number of women who have contributed significantly to the issue of liberty during this month.) The lives and deaths of cities in America is certainly topical. Drive through Detroit if you don’t think so. On one hand, block after block of decimated homes create a landscape of, let’s be honest, death. On the other, people in the city forge ahead, turning empty city blocks into burgeoning urban gardens, seeking out...
Faith-Based Proxy Resolutions and GMOs
The Dow Chemical Co., along with E.I. Du Pont de Nemours, e under fire from the Adrian Dominicans and the Sisters of Charity due to panies’ production of genetically modified organisms. No, the sisters aren’t mounting the barricades outside the two corporations to protest what they might term “Frankenfoods,” but they have submitted proxy shareholder resolutions to demand, among other things, panies review and report by November 2013 on: Adequacy of plans for removing GE [genetically engineered] seed from the...
Samuel Gregg: Pope Francis and the Renaissance of Natural Law
Those who thought Pope Francis was going to be a “a jolly, badly-dressed, Gaia-worshipping baby-boomer from 1972 received a severe jolt of reality today”, says Sam Gregg, Acton’s Director of Research. In today’s National Review Online, Gregg is quick to clear up any thoughts of the new pope being a relativist or pop culture phenom. While Pope Francis has made it clear from the very beginning of his pontificate that he wishes to draw attention to the poor, he’s not...
Keeping Tax Cheats on the Government Payroll
If a worker owes their employer thousands of dollars and refuses to pay the debt, should they be fired or have their wages garnished? What if the employer is the federal government? Astoundingly, more than 100,000 federal employees owe more than $1 billion in federal taxes. To provide an incentive for them to pay up, a mittee approved legislation that would require the firing of government workers who are “seriously tax delinquent.” The Federal Employee Tax Accountability Act of 2013...
The Hidden Welfare Program for the Low-Skilled and Uneducated
There are 14 million Americans who are out of work yet don’t show up in the monthly unemployment statistics. The federal government spends more money each year on cash payments for this group than it spends on food stamps and bined. They are part of the hidden social safety net. They are the disabled former workers. NPR’s Planet Money has produced a fascinating report on the growth of federal disability programs and what disability means for American workers. Here are...
What Economics Can’t Explain
Tyler Cowen has an interesting column in last Sunday’s New York Times, arguing that despite run-of-the-mill objections to “cold” and “heartless” economic analysis, economics is, as a science, “egalitarian at its core”: Economic analysis is itself value-free, but in practice it encourages a cosmopolitan interest in natural equality. Many economic models, of course, assume that all individuals are motivated by rational self-interest or some variant thereof; even the so-called behavioral theories tweak only the fringes of a mon, rational understanding...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved