By D Stephen Long; Nancy Ruth Fox; Tripp York
Calculated Futures examines the moral and theological underpinnings of the free-market economic climate, investigating not just the morality of businesses and alternate premiums, but additionally how the politics of economics form humans as ethical brokers. It does this much less by means of insisting at the damaging results of capitalism, and extra by means of drawing on theological virtues, Christian doctrines, and liturgical practices to find what they may convey us approximately monetary exchanges. Calculated Futures seeks a manner ahead by way of enticing economics as a social medical self-discipline with out subordinating theology to it. Read more...
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Extra resources for Calculated futures : theology, ethics, and economics
The only practicable means of impressing one’s pecuniary ability on these unsympathetic observers of one’s everyday life is an unremitting demonstration of ability to pay” (Veblen, 1934, 74–75, 87) . Galbraith questioned the legitimacy of the assumption that wants originate with the consumer; he believes instead that “as a society becomes increasingly affluent, wants are increasingly created by the process by which they are satisfied” (Galbraith, 1976, 126). Both the desire to consume to acquire or maintain prestige plus modern advertising contribute to productions creating the wants it seeks to satisfy.
However, the result will be either that landlords skimp on upkeep and repairs creating a dangerous environment, or fewer rental units will be constructed, exacerbating the problem. Second, commercial fishing for tuna kills large numbers of dolphins. A charitable or just response might require fishermen to use special nets that do not harm dolphins. S. law will take over the tuna trade. S. fishermen and consumers will suffer. These two problems are real. The proposed solutions are commendable, but because the general equilibrium results are not taken into account, the solutions neither accomplish their intent nor offer helpful policy prescriptions.
She simply seeks an autonomous space for neoclassical economists—as social scientists—to ply their trade and achieve their limited objectives, to present the facts of the costs and benefits in economic exchanges. Why then am I, as a theologian, unwilling to concede her this simple space? The reason I continue to insist that the theologian’s task is to keep the market in its place is precisely because, as she noted, I do think the market has become a counter-church in modern and post-modern society.