Keeping people wandering in extended adolescence is good for business, says Thomas Bergler in The Juvenilization of American Christianity (6-7): “People who know who they are, who think carefully about purchases, and who exercise self-control are harder to persuade to buy products they . . . . Continue Reading »
“The Federal Reserve is not your friend,” writes Judy Shelton in The Weekly Standard . Its policies encourage “unjustified risks in pursuit of monetary gain,” give incentives for “speculative conniving instead of virtuous endeavor,” offers reasons to borrow . . . . Continue Reading »
Defending the Free Market: The Moral Case for a Free Economy by Robert A. Sirico Regnery, 256 pages, $27.95 The Catholic Church, at its best, has preserved a rare freedom from political fashion. It has allied itself now with the left, now with the right, as its own doctrine and interests have . . . . Continue Reading »
My review of Peter Brown’s latest book is up at the Christianity Today site this morning. . . . . Continue Reading »
Some Christmas reflections on what it means to receive bread from heaven over at www.firstthings.com this morning. . . . . Continue Reading »
“None of our Western [economic] distinctions was completely absent in antiquity,” writes Sitta van Reden near the end of her Exchange in Ancient Greece (218). Yet, because of a different configuration of society the distinctions we take for granted were not so ingrained: “Rigid . . . . Continue Reading »
Marcel Mauss famously argued that in archaic societies, giving was guided by three imperatives - the obligation to give, to receive, to repay. Except for the exceptions. Like Jacob and Esau: On his return from Haran, Jacob sends gifts ahead to pacify Esau’s wrath and Esau receives. When Esau . . . . Continue Reading »
I argued earlier this week that, as a matter of historical fact, Western economies have not been state-free zones. My question here is more theoretical and general: Is it even possible to have a state-free economy? Yes, at a small scale, in, say, a tribal economy. But then in a tribal economy, . . . . Continue Reading »
David Cheal ( The Gift Economy ) offers a deft critique of Mauss’s and C.A. Gregory’s theories of gift. The central rebuttal is to point to the fairly obvious fact that giving continues to occupy a large place in modern societies. Gift-giving is big business, as that pile of Christmas . . . . Continue Reading »
What sets Western economies apart, Hernando de Soto argued in The Mystery of Capital , is not sheer physical stuff. One can have a lot of stuff without having capital. What makes it productive as capital are two “non-economic” factors. The first is imagination: “Capital, like . . . . Continue Reading »
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