Search results for: economics-of-good-and-evil

Economics of Good and Evil

Author : Tomas Sedlacek
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Tomas Sedlacek has shaken the study of economics as few ever have. Named one of the "Young Guns" and one of the "five hot minds in economics" by the Yale Economic Review, he serves on the National Economic Council in Prague, where his provocative writing has achieved bestseller status. How has he done it? By arguing a simple, almost heretical proposition: economics is ultimately about good and evil. In The Economics of Good and Evil, Sedlacek radically rethinks his field, challenging our assumptions about the world. Economics is touted as a science, a value-free mathematical inquiry, he writes, but it's actually a cultural phenomenon, a product of our civilization. It began within philosophy--Adam Smith himself not only wrote The Wealth of Nations, but also The Theory of Moral Sentiments--and economics, as Sedlacek shows, is woven out of history, myth, religion, and ethics. "Even the most sophisticated mathematical model," Sedlacek writes, "is, de facto, a story, a parable, our effort to (rationally) grasp the world around us." Economics not only describes the world, but establishes normative standards, identifying ideal conditions. Science, he claims, is a system of beliefs to which we are committed. To grasp the beliefs underlying economics, he breaks out of the field's confines with a tour de force exploration of economic thinking, broadly defined, over the millennia. He ranges from the epic of Gilgamesh and the Old Testament to the emergence of Christianity, from Descartes and Adam Smith to the consumerism in Fight Club. Throughout, he asks searching meta-economic questions: What is the meaning and the point of economics? Can we do ethically all that we can do technically? Does it pay to be good? Placing the wisdom of philosophers and poets over strict mathematical models of human behavior, Sedlacek's groundbreaking work promises to change the way we calculate economic value.

Economics of Good and Evil

Author : Tomas Sedlacek
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Tomas Sedlacek has shaken the study of economics as few ever have. Named one of the "Young Guns" and one of the "five hot minds in economics" by the Yale Economic Review, he serves on the National Economic Council in Prague, where his provocative writing has achieved bestseller status. How has he done it? By arguing a simple, almost heretical proposition: economics is ultimately about good and evil. In The Economics of Good and Evil, Sedlacek radically rethinks his field, challenging our assumptions about the world. Economics is touted as a science, a value-free mathematical inquiry, he writes, but it's actually a cultural phenomenon, a product of our civilization. It began within philosophy--Adam Smith himself not only wrote The Wealth of Nations, but also The Theory of Moral Sentiments--and economics, as Sedlacek shows, is woven out of history, myth, religion, and ethics. "Even the most sophisticated mathematical model," Sedlacek writes, "is, de facto, a story, a parable, our effort to (rationally) grasp the world around us." Economics not only describes the world, but establishes normative standards, identifying ideal conditions. Science, he claims, is a system of beliefs to which we are committed. To grasp the beliefs underlying economics, he breaks out of the field's confines with a tour de force exploration of economic thinking, broadly defined, over the millennia. He ranges from the epic of Gilgamesh and the Old Testament to the emergence of Christianity, from Descartes and Adam Smith to the consumerism in Fight Club. Throughout, he asks searching meta-economic questions: What is the meaning and the point of economics? Can we do ethically all that we can do technically? Does it pay to be good? Placing the wisdom of philosophers and poets over strict mathematical models of human behavior, Sedlacek's groundbreaking work promises to change the way we calculate economic value.

A World United or a World Exploited

Author : Peter Price
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The processes of globalisation are reshaping our world dramatically and rapidly. The great issues of our day emphasise that we are all in this together: startling inequalities, pressures on the environment, continuing hunger and poverty, climate change, economic integration, mass migrations, instant communications and recurring armed conflicts.

Public Theology and Institutional Economics

Author : Toine van den Hoogen
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This book shows why, in our modern society, many important questions in our public debates urge for attention to be given to questions about economy, and why religious thinking gives unexpectedly relevant perspectives on these. Neither economy nor religion is a private matter. Our daily life and personal decisions about lifestyle are marked by our public choices and attitudes. As we are actually part of complex and disturbing processes in an information society, our daily lives are changing in rapid ways. Beginning with a discussion of what public theology is actually about, the text moves on to discuss three dimensions of these processes: namely, our capitalist market economy, our urge for a common ground in the conflicts of that economy, and our responsibility for a sustainable lifestyle in that economy. Religious thinking, especially that of Gregory of Nazianzus (329-390), confronts questions about spiritual awareness in these domains.

Powers of Good and Evil

Author : Paul Clough
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A key theme in the anthropology of beliefs is the relationship between socio-economic change and changes in the belief system. It has been widely argued that rapid economic change, particularly the introduction of capitalism, leads to an increase in beliefs in, and representations of, evil and the devil. These beliefs, it is argued, constitute forms of resistance to, or rejection of, "modernity." This volume builds on these arguments, suggesting that rather than an indigenous resistance to capitalism, such representations signal a profound moral ambivalence towards the socio-economic process inherent in capitalist economy. Using a range of examples, from Surinamese zombies to American horror films, it demonstrates the extent to which evil imagery is linked to a fear of excess, particularly in situations where people find themselves, or perceive themselves, to be peripheral to the centers of political, economic, and cultural power.

A Catholic Spirituality for Business

Author : Martin Schlag
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Spirituality and gift are notions that are en vogue. Topics such as spirituality at the workplace, spirituality management, spirituality in leadership, organizational spirituality and other related topics are trending in management literature. The “logic of gift” is also appearing more frequently, especially in attempts to rethink the way our economy works in order to include the marginalized. “br>The expression “logic of gift” was introduced into official Catholic social teaching by Pope Benedict XVI, who presented it in association with the principle of gratuitousness, which in turn is an expression of fraternity. However, before Caritas in Veritate and ever since Marcel Mauss’s groundbreaking work The Gift, the importance of gift for human relationships and for the cohesion of society had been increasingly recognized. Alain Caillé and Jacques T. Godbout further fleshed out the implication of gift for contemporary society in the context of secular social sciences, striving to overcome utilitarianism. It was the “civil economy” movement, however, that exercised greatest influence on Benedict XVI’s encyclical Caritas in Veritate/i..brbrThis present volume reflects on the general scope of these notions for business and society. This is done by structuring the book in two parts, each dedicated to one of the two concepts. Each part has two general chapters and two that apply the notions to business and to business education. The authors are a mix of well-known emeritus professors and younger talented emerging scholars. We have also been careful to combine European with American authors.brbriA Catholic Spirituality for Business: The Logic of Gift

The Kyoto Manifesto for Global Economics

Author : Stomu Yamash’ta
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This book confronts the failings of current global economics to deliver the equity, sustainability and community empowerment which humanity now needs to handle a troubled future. The volume proposes an economy built from our society, not the other way around. The Kyoto Manifesto was built, layer by layer, over a period of 4 years, based on broad-ranging international symposia held in Kyoto between 2014 and 2017, hosted by the Center for the Creative Economy, Doshisha University. Not stopping at theory and untested ideas however, the Manifesto proposes practical action that will make a difference, including in the problematic technological and ecological context of humanity’s immediate and long-term future. The book is unique and innovative for it moves adventurously across very broad territory. The Manifesto draws from world philosophic arguments, including, specifically, a critique of “liberalism”, further, exploring sociology, cultural anthropology, politics, primatology and early humanity, even quantum physics. Argument is set within mainstream post-1972 economics and political economics as well as direct practical experience working to empower disadvantaged communities through the United Nations. Most importantly, the book’s analysis is deeply informed by the practice of searching for what is “sacred”, the ultimate essence of our humanity, what we can be as a human race—empowered, fulfilled individuals, deeply sharing and caring for each other across our separate cultures and lives. Stomu Yamash’ta’s On Zen performances, set the context for the Symposia, bringing different religions and cultures together across their dividing boundaries into a coherent search for peace and harmony through sacred music. Informed by alternate cultural paradigms for economics, the book probes deeply into philosophies and practices that already exist within Eastern and Western societies, and offer lessons for our future. The result is an economics that stresses harmony with nature, and balance in social relations. It places an emphasis on community—human sharing and trust—as a platform for our future, not separate from the global economy but integrated into its very foundations. This is a book for all who care: a plan for our sustainable future built from the best of what our humanity is and can offer.

Economics and Social Conflict

Author : C. Mildenberger
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This book brings to life the classic thought experiment of a natural state. Provides data on the economic aspects of social conflict of 400.000 people living in a virtual anarchy; showing evil actions and rules exist from an economic perspective. Non-instrumental violence has economic effects and inciting people to fight are not overcome in time.

The Economics of Books and Reading

Author : Samuel Cameron
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This book gives an overview of the key issues related to books and reading within the field of cultural economics and identifies additional lacunae in this area of research. The field of cultural economics is surprisingly short on research on the book market and on the activity of reading compared with other more recently invented media such as films and musical recordings. In addition, books and reading are strongly impacted by the disruptive innovations of digital technology and the use of online distribution platforms that fuel much of the research on the more recently invented cultural media. This book shows that the area of books and reading has had contributions in historically established areas of cultural economics and those currently exciting attention - chiefly with respect to digital disruption. Finally, it explains how books and reading are a fully developed rational addition model rather than something just based on the addition of past behaviour. Previously published in Journal of Cultural Economics Volume 43, issue 4, December 2019

Morality and Economic Crisis

Author : Christian A. Conrad
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Considered historically, financial crises have increased significantly in recent years. This is not the result of simple coincidence, but rather much more an indication of a massive weakness in the present economic system. The point of departure for this book is the business crises and collapses that have shaken the global economy in the past few years. Starting with examples as the Enron bankruptcy and the subprime crisis in 2007, we search for explanations for the crises. Several possible causes are examined and various questions from recent discussions of ethics on topics such as manager pay increases are answered. After discovering several weaknesses in the economic system and inappropriate behavioral stimuli we find two main causes for them: the neglect of measurable and non-calculable qualitative factors (also called soft facts) and an extreme greed in managers at the cost of their companies. A lack of ethics or moral behavior lead us to question the meaning of morality for the economy, and thus for society. This issue is examined not only from the view of individual companies, but also from national economic and general social context using the example of Russia. We found a very large influence from moral values and general qualitative factors of influence, which have not been considered up to now. The knowledge gained will be applied to develop a management approach to qualitative leadership, which includes qualitative factors previously ignored, and brings human productive forces into the picture by including active employees as people in the business process.