Home
/
RELIGION & LIBERTY ONLINE
/
‘The Gift of the Magi’ and the Power of Exchange
‘The Gift of the Magi’ and the Power of Exchange
Feb 16, 2026 3:15 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
Q&A: Brett McCracken on Consuming Culture Well
In his 2010 book, Hipster Christianity, Brett McCracken explored the dynamics of a particular cultural movement in (and against) modern evangelicalism. In his new book, Gray Matters: Navigating the Space Between Legalism and Liberty, he pulls the lens back, focusing on how the church more broadly ought to approach culture, particularly when es to consuming it. Though McCracken’s book focuses on just four areas — food, drink, music, and film — his basic framework and the surrounding discussion offers much...
Tom Oden’s Journey from Theological Liberalism to Biblical Christianity
In The Word of Life, Tom Oden declared, “My mission is to deliver as clearly as a I can that core of consensual belief concerning Jesus Christ that has been shared for two hundred decades – who he was, what he did, and what that means for us today.” The Word of Life, Oden’s second systematic theology volume, is a treasure for anybody who wants to know more about the fullness and power of Christ. Over at Juicy Ecumenism, Mark...
Government Run Health Care is Killing American Veterans
Back in 2009, I wrote mentary titled “Veterans First on Health Care.” I argued the government must prove it can handle existing obligations before proposing any further takeover of the health care industry. I interviewed former Congressman Gene Taylor (D-Miss), who I once worked for, and among other things, assisted with Veterans Affairs claims and other military constituent services. Taylor made the point then that “We [government] can’t pay for the promises we’ve already made on health care, and it...
WaPo Praises Conservative Paul Ryan, Trashes Conservatism
A recent piece in The Washington Post by Lori Montgomery reports that conservative U.S. Congressman Paul Ryan has been working on solutions to poverty with Robert Woodson, solutions rooted in passion, spiritual transformation and neighborhood enterprise. The Post seems to want to praise Ryan (R. Wis.) for his interest in the poor, but to do so it first has to frame that interest as something foreign to conservatism: Paul Ryan is ready to move beyond last year’s failed presidential campaign...
Hope, Success: With Obamacare, It’s All Relative
For one Obama supporter, Obamacare was such a relief, she wrote the President to thank him. The hope and success of Obamacare wasn’t all she thought it would be. ...
Lincoln, Gettysburg and the Bible
Over at the Liberty Law Blog, Daniel Dreisbach looks at Abraham Lincoln’s Gettysburg Address and how it “reverberates with biblical rhythms, phrases, and themes.” He writes that Lincoln was “well acquainted with the English Bible – specifically the King James Bible. Those who knew him best reported that Lincoln had an intimate and thorough knowledge of the sacred text and was known mit lengthy passages to memory.” Excerpt from Dreisbach’s essay: No political figure in American history was more fluent...
5 Facts About the Gettysburg Address
Today marks the 150 year anniversary of Abraham Lincoln’s Gettysburg Address. Here are five facts about one of history’s most famous — and famously brief — speeches: 1. The Gettysburg Address was not written on the back of an envelope. Despite the popular legend that Lincoln wrote the speech on the train while traveling to Pennsylvania, he probably wrote about half of it before leaving the White House on November 18. 2. Much of the language and thematic content of...
The Devil Doesn’t Like Institutions
“In a cynical age that tends to glorify ‘startups’ and celebrate anti-institutional suspicion, faith in institutions will sound dated, stodgy, old-fashioned, even (gasp) ‘conservative.’,” says James K.A. Smith. “Christians who are eager to be progressive, hip, relevant, and creative tend to buy into such anti-institutionalism, thus mirroring and mimicking wider cultural trends. . . And yet those same Christians are rightly concerned about mon good.” But here’s the thing: if you’re really passionate about fostering mon good, then you should...
Calhoun vs. Heinlein for the Soul of American Libertarianism
John C. Calhoun was a 19th century American vice president who supported slavery and championed state’s rights. Robert A. Heinlein was a 20th century American science-fiction writer who opposed racism and championed space policy. The pair aren’t often mentioned together, but Breitbart’s pseudonymous “Hamilton” claims they represent two kinds of libertarianism. Today in America, we see two kinds of libertarianism, which we might call “Calhounian” and “Heinleinian.” Both kinds believe in freedom, but they are very different in their emphasis—and...
Hating the Homeless in Hawaii
Hawaii is consistently ranked as one of the states where most Americans want to live. But for many residents, the island life is more nightmare than tropical dream. The high cost of living and lack of affordable housing contributes to Hawaii having one of the highest rates of homelessness in the country. The state government has attempted to address the crisis in ways that are sometimes as creative as they are disturbing. Earlier this year, the state legislature voted to...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved