Political Economy as Theodicy


Book Description

Political Economy as Theodicy: Progress, Suffering and Denial proposes that political economics operates within a theological symbolic order that dictates modern sociopolitical and economic life as a whole. This book revisits the work of key figures in the history of political economy and economic thought – primarily Adam Smith, Bernard Mandeville, David Hume, Thomas Malthus, W. Stanley Jevons, Alfred Marshall and John Bates Clark. Theodicy is a constitutive element of an international political economy (IPE) that often disavows moral evil, while it conversely redefines such evil as an actual good within economic life. Beginning with the Enlightenment thinkers and continuing through to the modern neoclasscial economists, this book traces the initial emergence of a natural theological basis for political economic thinking and concludes with a discussion of its application in modern IPE. Relying upon a postcolonial framework, the author seeks to provincialize economics, creating space for alternative modes of being and doing. This book will appeal to scholars and advanced students of IPE, political theology, international relations and postcolonial studies.




Political Economy as Natural Theology


Book Description

Since the early 20th century, economics has been the dominant discourse in English-speaking countries, displacing Christian theology from its previous position of authority. This path-breaking book is a major contribution to the interdisciplinary dialogue between economics and religion. Oslington tells the story of natural theology shaping political economy in the late 18th and early 19th centuries, emphasising continuing significance of theological issues for the discipline of economics. Early political economists such as Adam Smith, Josiah Tucker, Edmund Burke, William Paley, TR Malthus, Richard Whately, JB Sumner, Thomas Chalmers and William Whewell, extended the British scientific natural theology tradition of Francis Bacon, Robert Boyle and Isaac Newton to the social world. This extension nourished and shaped political economy as a discipline, influencing its theoretical framework, but perhaps more importantly helping legitimate political economy in the British universities and public policy circles. Educating the public in the principles of political economy had a central place in this religiously driven program. Natural theology also created tensions (especially reconciling economic suffering with divine goodness and power) that eventually contributed to its demise and the separation of economics from theology in mid-19th-century Britain. This volume highlights aspects of the story that are neglected in standard histories of economics, histories of science and contemporary theology. Political Economy as Natural Theology is essential reading for all concerned with the origins of economics, the meaning and purpose of economic activity and the role of religion in contemporary policy debates.




The Theology of Liberalism


Book Description

One of our most important political theorists pulls the philosophical rug out from under modern liberalism, then tries to place it on a more secure footing. We think of modern liberalism as the novel product of a world reinvented on a secular basis after 1945. In The Theology of Liberalism, one of the country’s most important political theorists argues that we could hardly be more wrong. Eric Nelson contends that the tradition of liberal political philosophy founded by John Rawls is, however unwittingly, the product of ancient theological debates about justice and evil. Once we understand this, he suggests, we can recognize the deep incoherence of various forms of liberal political philosophy that have emerged in Rawls’s wake. Nelson starts by noting that today’s liberal political philosophers treat the unequal distribution of social and natural advantages as morally arbitrary. This arbitrariness, they claim, diminishes our moral responsibility for our actions. Some even argue that we are not morally responsible when our own choices and efforts produce inequalities. In defending such views, Nelson writes, modern liberals have implicitly taken up positions in an age-old debate about whether the nature of the created world is consistent with the justice of God. Strikingly, their commitments diverge sharply from those of their proto-liberal predecessors, who rejected the notion of moral arbitrariness in favor of what was called Pelagianism—the view that beings created and judged by a just God must be capable of freedom and merit. Nelson reconstructs this earlier “liberal” position and shows that Rawls’s philosophy derived from his self-conscious repudiation of Pelagianism. In closing, Nelson sketches a way out of the argumentative maze for liberals who wish to emerge with commitments to freedom and equality intact.




Neoliberalism's Demons


Book Description

“Adam Kotsko’s premise—that the devil and the neoliberal subject can only ever choose their own damnation—is as original as it is breathtaking.” —James Martel, author of Anarchist Prophets By both its supporters and detractors, neoliberalism is usually considered an economic policy agenda. Neoliberalism’s Demons argues that it is much more than that: a complete worldview, neoliberalism presents the competitive marketplace as the model for true human flourishing. And it has enjoyed great success: from the struggle for “global competitiveness” on the world stage down to our individual practices of self-branding and social networking, neoliberalism has transformed every aspect of our shared social life. The book explores the sources of neoliberalism’s remarkable success and the roots of its current decline. Neoliberalism’s appeal is its promise of freedom in the form of unfettered free choice. But that freedom is a trap: we have just enough freedom to be accountable for our failings, but not enough to create genuine change. If we choose rightly, we ratify our own exploitation. And if we choose wrongly, we are consigned to the outer darkness—and then demonized as the cause of social ills. By tracing the political and theological roots of the neoliberal concept of freedom, Adam Kotsko offers a fresh perspective, one that emphasizes the dynamics of race, gender, and sexuality. More than that, he accounts for the rise of right-wing populism, arguing that, far from breaking with the neoliberal model, it actually doubles down on neoliberalism’s most destructive features. “One of the most compelling critical analyses of neoliberalism I’ve yet encountered, understood holistically as an economic agenda, a moral vision, and a state mission.” —Peter Hallward, author of Badiou




Theology and Social Theory


Book Description

This is a revised edition of John Milbank’s masterpiece, which sketches the outline of a specifically theological social theory. The Times Higher Education Supplement wrote of the first edition that it was “a tour de force of systematic theology. It would be churlish not to acknowledge its provocation and brilliance”. Featured in The Church Times “100 Best Christian Books" Brings this classic work up-to-date by reviewing the development of modern social thought. Features a substantial new introduction by Milbank, clarifying the theoretical basis for his work. Challenges the notion that sociological critiques of theology are ‘scientific’. Outlines a specifically theological social theory, and in doing so, engages with a wide range of thinkers from Plato to Deleuze. Written by one of the world’s most influential contemporary theologians and the author of numerous books.




Revolution, Economics and Religion


Book Description

Professor Waterman analyses the story of the 'intellectual repulse of revolution', and describes the ideological alliance of political economy and Christian theology after 1798.




Political Economy and Christian Theology Since the Enlightenment


Book Description

Political economy and Christian theology coexisted happily in the intellectual world of the eighteenth century. During the nineteenth century they came to be seen as incompatible, even mutually hostile. In the twentieth century they went their separate ways and are no longer on speaking terms. These fourteen essays by Anthony Waterman serve as snapshots of the history of this estrangement, and illustrate the gradual replacement of the discourse of theology by that of economics as the rational framework of political debate. Others have recently shown that both political economy and Christian theology are important, though somewhat neglected elements in modern intellectual history. This book is the first to combine these two lines of inquiry.




Politics, Theology and History


Book Description

This book examines the moral foundations of liberal societies through the role of Christian belief in public policy.




Adam Smith as Theologian


Book Description

Adam Smith wrote in a Scotland where Calvinism, Continental natural law theory, Stoic philosophy, and the Newtonian tradition of scientific natural theology were key to the intellectual lives of his contemporaries. But what impact did these ideas have on Smith’s system? What was Smith’s understanding of nature, divine providence, and theodicy? How was the new discourse of political economy positioned in relation to moral philosophy and theology? In this volume a team of distinguished contributors consider Smith’s work in relation to its Scottish Enlightenment religious background, and offer stimulating theological interpretations of his account of fallible human nature, his providential account of markets, and his invisible hand metaphor. Adam Smith as Theologian it is a pioneering study which will alter our view of Smith and open up new lines of thinking about contemporary economics.




The Specter of Capital


Book Description

In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism—with its bewildering array of new instruments—by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it. "The market knows best": this is a secular version of Adam Smith's faith in the market's "invisible hand," his economic interpretation of eighteenth-century providentialist theodicy, which subsequently hardened into an "oikodicy," an unquestioning belief in the self-regulating beneficence of market forces. Vogl shows that financial theory, assisted by mathematical modeling and digital technology, itself operates as a "hidden hand," pushing economic reality into unknown territory. He challenges economic theorists to move beyond the neoclassical paradigm to discern the true contours of the current epoch of financial convulsions.