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Economics

Everybody Else’s Biggest Problem, Pt. 3: How Much Is Too Much?

Everybody Else’s Biggest Problem, Pt. 3: How Much Is Too Much?

This is the third installment of author Ted Scofield’s series on everybody else’s biggest problem. To start from the beginning, go here. To read the second installment go here. 

When the people feared that Moses had abandoned them to die in the desert, they gathered around Aaron and said, “Come, make for us gods!” and from their jewelry Aaron forged a golden calf, and they worshipped it.

Wayne Rauh and his wife D’Ann own eighty Dodge Vipers, including one that is painted gold, “the only gold Viper in the world.”

It’s likely the Rauhs have spent well over $7 million for their Vipers and…

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Forgiveness Is Greece’s (and Germany’s) Only Hope

Forgiveness Is Greece’s (and Germany’s) Only Hope

Central to Christianity is the notion that, at the end of the day, forgiveness is humanity’s only hope. Not performance, or improvement, or willpower, or wishful thinking, but absolution – “nothing but the blood of Jesus,” as the old hymn goes. Apparently, this idea holds in financial markets as well, or so a piece in yesterday’s New York Times claims.

“Germans Forget Postwar History Lesson on Debt Relief in Greece Crisis” is the title, and here are some of the money quotes:

As negotiations between Greece and its creditors stumbled toward breakdown, culminating in a sound rejection on Sunday by Greek voters…

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Grace Is Play: Our Magazine Interview with Nimi Wariboko

Grace Is Play: Our Magazine Interview with Nimi Wariboko

Another free look at our Work and Play Issue. Take our word for it, though…it’s better in print! 

One of the great theological books we discovered last year was Nimi Wariboko’s The Pentecostal Principle, a book which unpacks how the Holy Spirit creates the capacity for new beginnings in human life and communities. He views true religion as play, because it goes beyond the instrumentalism (do this to achieve that) of the Law to make room for spontaneity. According to Wariboko, our ordinary world is constantly open to the Spirit’s disruption with new initiatives, feelings, experiences, communities, and patterns of thought….

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Demanding Answers: The Rise of the Economist

Demanding Answers: The Rise of the Economist

The New York Times dropped a fairly juicy opinion a while back from economist Justin Wolfers about the rise of economists in culture analysis and policy making. It does seem like economists are increasing in social prominence, and as Wolfers mentions, they’re ascending at a quicker pace than the rest of the social sciences. At least, that’s what the anecdotal evidence indicates (that evidence being a study of word counts in archived New York Times past editions). It’s more than just conversations about money, suggests Wolfers–it’s a trend that’s been growing as national economies have become global and more intertwined:

It wasn’t always this way. Historians…

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True Colors: Car Choices, Food Sources, and the Fauxthenticity of Our Times

True Colors: Car Choices, Food Sources, and the Fauxthenticity of Our Times

Now a month out from its release to your doorsteps, it’s now time to leak just a few samplings of what’s in our summer issue of The Mockingbird. If you feel you missed your chance, fear not! Click here and we’ll set you up.

This essay comes James Gilmore, business school professor and co-author of Authenticity: What Consumers Really Want and The Experience Economy: Work Is Theatre & Every Business a Stage, both published by Harvard Business School Press. In this essay, Gilmore examines the pervasive and nuanced Economy of Authenticity, where the myth of what is “real” is what…

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Another Week Ends: Capitalist Christians, Parents Teaching Achievement (Not Empathy), Post-Penitent Pantene, Sedaris’s Journey to the Ends of the Law (and Back), Antinomian Aucklanders,  and Crooked-Timber Anthropology

Another Week Ends: Capitalist Christians, Parents Teaching Achievement (Not Empathy), Post-Penitent Pantene, Sedaris’s Journey to the Ends of the Law (and Back), Antinomian Aucklanders, and Crooked-Timber Anthropology

1. The New York Times hosted a debate asking the question of whether capitalism has become incompatible with Christianity. It’s a pretty interesting forum, and some highlights with commentary are below:

[Gary Dorrien, Union:] The field I teach, social ethics, was founded in the late 19th century as a protest against capitalist ideology. American social gospel theologian Walter Rauschenbusch put it poignantly: “Capitalism has overdeveloped the selfish instincts in all of us and left the capacity of devotion to larger ends shrunken and atrophied.” Pope Leo XIII described capitalism as a system defined by the callousness of employers and the greed of unrestrained competition, including its…

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From The Mockingbird: When A Measure Becomes a Target

From The Mockingbird: When A Measure Becomes a Target

We are now just a couple weeks out from the release of Issue Two of The Mockingbird. It is the Identity Issue, and you won’t believe what all it has to say about, well, you. If you’re not subscribed yet, subscribe here.

In anticipation for the release, we’ll continue posting a selection of pieces from the first issue, including this essay from Will McDavid on the “Economics of Repentance.” To read the essay in full, go to the magazine’s webpage, here.

“The first messenger that gave notice of Lucullus’s coming was so far from pleasing Tigranes that he had his head cut off for…

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Another Week Ends: Hoffman and Addiction, Parenting Confessionals, Harris v Haidt, Trite Apologies, Super Bowl Commercials and Transform(ers)ational Ministry

Another Week Ends: Hoffman and Addiction, Parenting Confessionals, Harris v Haidt, Trite Apologies, Super Bowl Commercials and Transform(ers)ational Ministry

1. Philip Seymour Hoffman, of Magnolia and, more recently, The Master fame, passed away this week in what the press generally called a “heroin overdose”. On the subject of addiction, it was painful and touching recalling his role in Owning Mahowny, and a moving reflection on Hoffman’s death comes from fellow Hollywood icon and recovering addict Aaron Sorkin at Time, ht BJ:

I told him I felt lucky because I’m squeamish and can’t handle needles. He told me to stay squeamish. And he said this: “If one of us dies of an overdose, probably 10 people who were about to won’t.” He meant…

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A “Love Affair With Lock and Key”: Reflections on Criminal Justice

A “Love Affair With Lock and Key”: Reflections on Criminal Justice

In September of this year, we missed an interesting article over at the The Guardian profiling the then-governor of Bastoy Prison, one of the most successful prisons in the world, located in Norway. ‘Success’ immediately raises the question of what success looks like, and we could say there are two major approaches to this term: the first, ‘success’ in terms of making inmates less likely to reoffend, and second, ‘success’ in terms of how much prisoners serve a just punishment equal to their crime.

The second seems a bit vindictive, though most people would be if they were the victims of these…

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Anxious About Grace: Some Thoughts on Max Weber

Anxious About Grace: Some Thoughts on Max Weber

Max Weber’s The Protestant Ethic and the Spirit of Capitalism (1905) has been immensely influential, with the “Weber thesis” being one of the most well-known Interesting Ideas around.  The idea, basically, is that Protestantism, especially in Calvinist and Wesleyan and Baptist and ‘Pietistic’ forms, has been a major contributor to the ‘Spirit’ behind capitalism.

But there’s so much more. In looking at religious ideas not strictly in terms of their truth or doxological value, but also in terms of emphases and influence, Weber helped map out a distinctly modern way of doing and evaluating theology.

When I read his book, I hear…

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Jesus (and TAL): Give Cash to Poor People

Jesus (and TAL): Give Cash to Poor People

“Give to everyone who asks you, and if anyone takes what belongs to you, do not demand it back” (Luke 6.30).

Of all Jesus’ commandments which his followers expressly disobey (my personal fave being Matthew 6:1 where he instructs his audience “not to practice your righteousness in front of others to be seen by them”–ironically enough, the lectionary reading for Ash Wednesday(!)), his instruction that we should “give to all who ask” is, perhaps, the one against which we have built the strongest fortification. In fact, if one were to reconstruct Jesus’ teaching on generosity based on the actions and teachings…

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How to Succeed in Business Without Really Meaning To

How to Succeed in Business Without Really Meaning To

And here we have this morning’s second reflection on Malcolm Gladwell’s must-read “The Gift of Doubt”.

Malcolm Gladwell recently wrote a piece for The New Yorker on the quirky but charismatic economist Albert O. Hirschman and his unorthodox ideas about creativity and success.  Despite being a “planner” himself, Hirschman thought that creativity can only be improvised. It is only when the careful plans fall through, when we find ourselves at the 11th hour sitting in front of a blank Microsoft Word document and an empty bag of stress Oreos, that we’re forced to produce our most innovative work. Why, according…

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