Modeling the Economy: A Journey from Jesus to Foucault

Embark on an extraordinary journey through the evolution of economic modeling, tracing its origins from the teachings of Jesus to the profound insights of Michel Foucault. This groundbreaking book provides a unique and thought-provoking perspective on how we understand and shape our economic systems.

Jesus and the Economic Parables

In the Sermon on the Mount, Jesus introduced a set of ethical principles that have profoundly influenced economic thought. The parable of the talents, for instance, demonstrates the importance of maximizing the potential of our resources and investing wisely.

The Origins of Neoliberalism: Modeling the Economy from Jesus to Foucault

by Troy Anthony Platt

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Language	:	English
File size	:	1570 KB
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Screen Reader	:	Supported
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Print length	:	246 pages

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Jesus' teachings emphasize fairness, compassion, and sharing. They challenge traditional notions of wealth accumulation and suggest that true prosperity lies in meeting the needs of all members of society.

Economic Models and Religious Thought

Throughout history, religious beliefs have played a significant role in shaping economic models. In medieval Europe, the Church's condemnation of usury (lending money at interest) hindered the development of banking and finance.

The Protestant Reformation in the 16th century brought about a shift in attitudes towards economic activity. Puritan theologians, such as John Calvin, argued that hard work and thrift were signs of God's favor and that wealth could be a blessing if used responsibly.

The Rise of Secular Economic Models

The Enlightenment period marked the emergence of secular approaches to economic modeling. Adam Smith, known as the "father of economics," developed the concept of a free market, where supply and demand determine prices and allocation of resources.

Smith's model assumes rational economic agents who act to maximize their individual utility. However, critics argue that this model fails to account for social and environmental factors that can influence economic outcomes.

Foucault and the Critique of Economic Rationality

In the late 20th century, French philosopher Michel Foucault challenged the dominant economic model based on rational self-interest. Foucault argued that economic rationality is a product of specific historical and social conditions.

Foucault's work has influenced economists to consider the role of power, knowledge, and discourse in economic behavior. It has also spurred new research on alternative economic models that prioritize sustainability, social justice, and human well-being.

"Modeling The Economy From Jesus To Foucault" is an essential read for anyone interested in the history, philosophy, and future of economic thought. By tracing the evolution of economic models from the time of Jesus to the present, it offers a fresh and innovative perspective on how we understand and shape our economic systems.

This book is a valuable resource for economists, historians, philosophers, and anyone seeking a deeper understanding of the complex relationship between economics, religion, and society.

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The Origins of Neoliberalism: Modeling the Economy from Jesus to Foucault

by Troy Anthony Platt

4.2 out of 5

Language	:	English
File size	:	1570 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	246 pages

FREE