1 thought on “We’re desperate to believe in something. But bringing God into economics is risky – Guardian”
What we learn from the failure of preachy neo-liberalism is not that we should have no moral convictions about society, but that it is bad government to substitute such inner certitudes for empirical knowledge about how ‘the wealth of nations’ actually works. Just as it would be wrong for a surgeon to substitute private predilections for confirmed medical knowledge, so it would be wrong– and has been wrong– for governments to substitute partisan morality for the understanding of economies acquired over generations. In this regard, bad government has also been bad religion, and the churches are finally saying so, not a generation too soon.
What we learn from the failure of preachy neo-liberalism is not that we should have no moral convictions about society, but that it is bad government to substitute such inner certitudes for empirical knowledge about how ‘the wealth of nations’ actually works. Just as it would be wrong for a surgeon to substitute private predilections for confirmed medical knowledge, so it would be wrong– and has been wrong– for governments to substitute partisan morality for the understanding of economies acquired over generations. In this regard, bad government has also been bad religion, and the churches are finally saying so, not a generation too soon.