Calculated Futures: Theology, Ethics and Economics by D. Stephen Long

By D. Stephen Long

Calculated Futures examines the moral and theological underpinnings of the free-market economic system, investigating not just the morality of organizations 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 could exhibit us approximately financial exchanges. Calculated Futures seeks a manner ahead via enticing economics as a social clinical self-discipline with out subordinating theology to it.

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Both theologians and neoclassical economists seem to incorporate the notion of “fairness” into outcomes assessment. However, the neoclassical economist will ask if the process was fair, while theologians apply fairness to the outcome itself. By the neoclassical economist’s use of fairness, an outcome is fair (and therefore acceptable) if it is achieved via voluntary actions, mutual consent, and if everyone has a fair chance to get ahead. If these conditions do not hold, then the process is unfair; and the process ought to be remedied.

Neoclassical economists prescind from questions of whether it is good that certain persons have better access to health care, organ transplants, transportation, etc. simply because of their economic status. Fox obviously has sympathies with a theological perspective grounded in charity and friendship, but she cannot finally embrace this perspective because it lacks a fullness of perspective. ” The result is that the theologian’s good intentions create unwarranted and unnecessary suffering whereas the neoclassical economist’s efficient intentions produce the unintended consequences of diminishing suffering and increasing usefulness.

It is precisely the logic of the marketplace that has contributed to the missing reality once called God. In fact, this God is not only missing, this God is dead because God has been murdered. And what the madman finds disconcerting is that those in the marketplace do not yet recognize the greatness of their deed in having destroyed this God. They simply yell and laugh at the madman, until the madman reveals to the persons in the marketplace where the missing God is. “Whither is God” he cried. “I shall tell you.

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