The cover of this issue of The Economist depicts one of the greatest misconceptions I have encountered regarding economics and finance in my professional career as quantitative analyst as well as in my personal pursuits regarding the subject matter. “Hope” for a brighter economic future is depicted as a center piece of “White Light”, whereas the politicians that the world population of “Little Fish” looks to for answers are far removed in the top right hand corner. The manner in which The Economist is laid out, with the various illustrations surrounding the “White Light” allow me the opportunity to discuss the lack of knowledge relating to spirituality in economics and its involvement in the subject matter dating back some four thousand years. Many will argue that the cover of this Economist has nothing to do with spirituality, yet I will show the reader that the reality is; this cover of The Economist is exposing a hidden message of spirituality in economics and that “Little Fish” have looked for answers in the wrong places.
It can also be argued that economists, analysts, and professionals within the field economics are the answer to a brighter economic future, yet If we are to consider that these professionals for the most part are either employed by banks, are associated with banks, politically motivated, sponsored by major corporations, etc… then it is fair to assume, that these groups of professionals and once again I state “for the most part” are directed by the “Big Fish” on how they are to deterimine their analysis and business conduct. Here is one example:
“As part of Mr Spitzer's case against Merrill, he has released some entertaining e-mails in which the bank's Internet analysts dismiss...
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...and put a gold chain about his neck. And he made him ride in his second chariot. And they called out before him, "Bow the knee!" Thus he set him over all the land of Egypt. Moreover, Pharaoh said to Joseph, "I am Pharaoh, and without your consent no one shall lift up hand or foot in all the land of Egypt." (Torah – Bible, Genesis 41: 41-44 ISBN-10: 1581343167).
“Now there arose a new king over Egypt, who did not know Joseph. And he said to his people, "Behold, the people of Israel are too many and too mighty for us. Come, let us deal shrewdly with them, lest they multiply, and, if war breaks out, they join our enemies and fight against us and escape from the land." Therefore they set taskmasters over them to afflict them with heavy burdens. They built for Pharaoh store cities, Pithom and Raamses.” (Torah – Bible, Exodus 1: 8-11: 41 ISBN-10: 1581343167)
Popjes, Jack D. "From Economics to Theology: How the Canelas Understand the Good News." Jacks INsights OUTbursts. N.p., 2011. Web. 06 Apr. 2014. .
In the essay “Judaism and Economic Reform”, Norman Solomon, a Jewish-American journalist, presents a compelling argument on the basis of the need for economic reform while providing simple religious base solutions. While discussing two major economic problems that plague the world’s current economy, Solomon introduces the Jewish view of the global economy and their general view on economics as a whole. With this introduction to the Jewish worldview of economics we as readers are able to transition into understanding Solomon’s solutions of education & using Jewish law to improve the current state of the global economy. Although Solomon’s ideas of education and relying on Jewish law to improve the global economy seem logical, Sallie McFague, a Christian theologian, provides a different yet similar viewpoint of improving the global economy in her essay “New House Rules: Christianity, Economics, and Planetary Living”. Her discussion of ecological and neo-classical economics forces the reader to revert back to Solomon’s essay to analyze his methods of fixing the current global economy.
In the beginning of the movie, we see the lavish life the Egyptians live. To complete this life style they have slaves building their city. Hebrew slaves will build Ramses city. As stated in Exodus,
Ideologies unite groups of people and promote the collection of ideas necessary for operation of a properly varnished society. E.K. Hunt and Jared Diamond are two well known authors who discuss the scrupulous importance of ideologies within society. Their books, Property and Prophets and Guns, Germs, and Steel, discuss the success of certain ideologies throughout history, while also integrating the commendable relevance of economics. In determining the correlation of the two novels, one must assess the social, political, and economic factors associated with their viewpoints. Through interpretation of their understandings we can determine the rationale of medieval ideologies as well as, the breakdown of the Christian Paternalistic Ethic as
Richard’s purpose is to remind Christians about the importance of loving neighbor and to teach how Christians can help the poor with their hearts and minds. He relates an important commandment in the Bible, “Love your neighbor,” with the economics by using the concept of “consequence of action.” He promotes the Christians to live a life which God is expecting for them to live by learning about the economics. He wants the Christians to stop justifying ourselves that we love each other when we are not, and he wants us to truly understand God’s intention of putting “love your neighbor” as one of the important commandments. As we study economics, it is important to understand that we should not focus on worldly issues and that we should not forget about God’s commandments. Moreover, this article teaches the Christians that we don’t need to be afraid to study economics because we can use the economics to obey God’s
...that even with the science of economics it also has its limits. They systematically do, and note this so that they leave nothing unexplored which may destroy their credibility, in turn making their claims loose.
I personally have learned the idea, importance, and above all: luxury of not having a larger entity forcing and playing my opinions and decisions. All of these economists are know for pushing the envelope and working to change the ideas of modern governments such as the United States of America. Their work has put the US on top for freedom and the ability to truly be different and more open in its business dealings.
Levitt, Steven D., and Stephen J. Dubner. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. New York: Penguin Books Ltd, 2006. Print.
There are some great key points and issues raised in this book; the first is when Jenkins talks about the idea of professional analysts missing out on a big trend. That trend is that religious revolutions are ...
Shermer, Michael. The mind of the market: how biology and psychology shape our economic lives. New York: Henry Holt and Co., 2009. Print.
This section of exodus focuses on Moses, an Israelite who was raised as an Egyptian, who has fled from Egypt after the Pharaoh tried to kill him for killing an Egyptian man. By Exodus 3:1 Moses is married to Zipporah daughter of Jethro who gives him a job working as a shepherd. While tending to his animals Moses arrives at Horeb also known as Mount Sinai or the Mountain of God. Here Moses has his first theophany with God in the form of a burning bush. During this passage God talks to Moses telling him what he needs to do: go to Egypt and convince the Pharaoh to let the Egyptians go by performing a series of miracles. What god is asking Moses to do is intimidating. At this time the Pharaoh was the ruler of Egypt who had a powerful army and the Israelite’s weren’t going to be easy to convince that God sent him. Despite the “signs” Moses is reluctant to take the role beca...
The greatest question many have sought to answer is the creation vs. evolution debate. How did we get here? Were we created or did we evolve randomly? Are we the product of purposeful intelligence or are we the result of countless mistakes? Does it even matter? The story of money is similar to the story of humanity. Was money created or did it evolve. If it was created we can assume it will die. If money evolved then we can assume the future is unknown. In his book, The Ascent of Money a financial history of the world, Neil Ferguson historic analysis of money answers many of these questions. Ferguson believes money essentially mirrors mankind, magnifying back to us our progress, failures, values and weaknesses.” (The Ascent of Money, 358) The history of money shares many similarities to the history of man; Ferguson parallels between finance and Darwinism, illustrating the natural mechanism of our financial ecosystem that evolves, creates, competes, and dies.
The theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique for thinking, which helps the possessor to draw correct conclusions. The ideas of economists and politicians, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." (John Maynard Keynes, the General Theory of Employment, Interest and Money p 383)
As the confrontation grew over the future of Israel, and the Pharaoh’s anger and dissatisfaction becomes more apparent, God’s frustration was seen. Moses spoke to the Pharaoh, but with no success God began to send plagues like Moses had warned. The Pharaoh did not budge, but instead his heart hardened as a type of punishment by God for the Pharaoh not heeding God’s warnings . Since the Pharaoh did not listen to God, he would have to suffer through all the plagues by his own demise. As a result, ten plagues were sanctioned on Egypt due to the Pharaoh’s disobedience to God, which resulted in the release of the Hebrews. The Pharaoh released the Hebrews from bondage, and Moses began to lead the people to the Promise Land, sanctioned by God with the ancestors. The journey to freedom began in Exodus 12:37-39, but Israel wasn’t free yet. The Pharaoh began to chase after the Hebrews, not because of willfulness, but as the act of YHWH’s hardening of his heart . YHWH has purposely set this up for the reason, as said by YHWH, “I will get glory over Pharaoh!” (Ex. 14:1-4) . The Egyptians, through the departing of the Red Sea for the Hebrews with the closing on top of them, will see YHWH’s glory. The outcome of this power struggle will put the Pharaoh down, and the people shall come to know “I am Yahweh.” (Ex. 14:1-4) signifying that YHWH is king
The crucial importance and relevance of economics related disciplines to the modern world have led me to want to pursue the study of these social sciences at a higher level. My study of Economics has shown me the fundamental part it plays in our lives and I would like to approach it with an open mind - interested but not yet fully informed.