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As a result, their student populations are often far less diverse than they should be. And, sometimes, kids who would otherwise be eligible for these schools never get to enjoy them.

The country, he discovered, is home to some 165 of these institutions—"exam schools," as he calls them—or 1 percent of all public high schools.

econdly, selective-enrollment schools "are very sought after by upper-middle class people who might not consider using public schools if it weren’t for the selective-enrollment institutions. Essentially, it’s a way of ensuring greater participation from wealthier families who might otherwise move to the suburbs."

Selective-admissions programs are in part symptomatic of a broader, three-decade-old reform movement that has aimed to overcome the "mediocre educational performance" of the country’s students

They’re also an example of "school choice," the tenet that parents should have options when it comes to their kids’ education, even when it’s free.

"The idea was that, if you wanted to provide an excellent, gifted, and talented education for public school students, one could do a better job of that if in large cities there were specialized schools that would bring academically talented students together,"

These schools, some of which are centuries old, are concentrated in 31 states, including nearly three dozen total in New York City, Chicago, and Boston alone. All but three of these 31 states are located in the eastern half of the country,

"How do you recognize excellence on the one hand and promote genuine equal opportunity on the other?"

getting into selective-enrollment schools typically requires having proactive parents who know how to navigate the system—a resource many children lack.

The clashes over selective-admissions policies reflect the challenges districts face in reconciling two goals that are often diametrically opposed: academic achievement and equity. How can a school be color blind while simultaneously promoting educational access and diversity?

"the trick," he said, "is you don’t want the selective-enrollment schools to become enclaves of privilege that are separate and unequal from the rest of the system."

Can a fair selective-admissions system for public schools even exist?

urban school districts are nowhere near coming up with a model that works well and raises all students. The fact remains that many of these schools look and operate like elite schools exclusive to elite families.

These are schools renowned for their academic prowess and widely seen as conduits to the country’s top colleges. But, as the NAACP complaint demonstrates, they’re also notorious for their lack of racial diversity, enrolling disproportionate numbers of white and, in particular, Asian students, who made up 60 percent of the student bodies at these schools last year despite constituting just 15 percent of the city’s total enrollment.

Blacks and Latinos made up just 7 percent and 5 percent of the student bodies at these elite schools last year, respectively, even though the two groups together account for 70 percent of the public school population citywide.

many of New York City’s specialized high schools are more socioeconomically diverse than critics make them out to be.

"It’s not just a simple picture—there’s no one profile in this city," she said. "Those [test-only] schools are serving some first-generation strivers and working-class strivers that some of these other schools are not taking …

it’s hard to deny arguments that the test-only admissions policy can serve as a form of de facto discrimination. The multiple-choice exam is so rigorous some students devote entire summers to studying for it, often with the help of private tutors or intensive prep courses that cost thousands of dollars

much of the prejudice traces back to the lack of equal educational opportunity in kids’ earlier years, which effectively debunks the notion that a test is the fairest way to assess a student’s eligibility for enrollment.

When it comes to admission to one of the selective schools, most students only compete with their peers in the same tier. A student who lives in a single-parent household and relies on welfare, for example, would in theory rarely contend with a middle-class student for the same seat. Just 30 percent of the seats at each selective school goes to the highest-scoring students, regardless of their tier; the rest, for the most part, are divided among the highest-performing students in each tier. That means the bar is typically set higher for kids in the upper tiers (the fourth tier corresponds with the highest median income) than for those in the lower ones.

"Given the overlap between race and class in American society in cities like Chicago, giving a leg up to economically disadvantaged students will translate into [racial diversity],

Diversity aside, selective-enrollment high schools also raise questions about what the admissions process can do to an adolescent’s psyche, particularly when it places an inordinate emphasis on testing

Forget Halloween, weekend sleepovers with friends, playing outdoors. For many eighth graders in New York City, the fall is synonymous with tutors and exams, while the spring brings intense competition—and often volatile emotions—over placement in coveted spots at the city’s best high schools.

As for the students, "you’re given a cornucopia of beautiful and horrible choices and then held up, feeling like you’re being assessed and placed and feeling like your life is not your own," Szuflita said. "It feels very uncertain, and it feels like there are great triumphs and disasters."

Last year, Vin Diesel boldly predicted that “Furious 7” would win the Academy Award for best picture, “unless Oscars don’t want to be relevant, ever.”

s “the economy of prestige”

whiteness of this year’s field of nominees exposes not only the myopia of the nominating body but also the deep structural biases of the industry that feeds it.

done a reasonably good job of recognizing black talent, belatedly making up for decades of neglect. “12 Years a Slave” won best picture.

I love that so many people are enraged at this year’s whiteout — anyone who yells at the Academy is a friend of mine — but I wish that this anger was being expressed 365 days a year and not when the nominations are announced

I mean, half of me really doesn’t care. There’s obviously a serious problem with regard to race, sexuality and gender in Hollywood. B

. The Oscars aren’t full-time jobs. To hear some voters talking about this time of year, it sounds like tax season or exam tim

In the case of both “Creed” and “Compton,” I just don’t think the campaigns were there for these movies. Just as I don’t think they were there for “Selma” the previous year.

But I don’t want to let the Academy and its members off the hook. Or rather, I want to broaden the indictment beyond the specific complaints that they ignored Mr. Elba, “Creed,” “Straight Outta Compton” and Will Smith’s excellent Nigerian accent in “Concussion.”

I think it’s when you get to that one that race sneaks back into the picture. The Academy, in its function as the culture industry’s upholder of the ideology of Quality, has for a long time been open to African-American talent and even eager to promote and reward it.

On the evidence we have, the meritocratic ideal ends up being just as undemocratic as the old emphasis on inheritance and tradition, and it forges an elite that has an aristocracy’s vices (privilege, insularity, arrogance) without the sense of duty, self-restraint and noblesse oblige that WASPs at their best displayed.

The term properly refers to a specific kind of American elite, mostly from the Northeast, mostly high-church Protestants, concentrated in a few cities (Boston, Philadelphia, New York, plus some Midwestern and Californian outposts), generally associated with the Republican Party (with occasional defectors like F.D.R.), who dominated a particular set of fields (academia, finance, foreign policy) and shared the code of service and piety and manners that defined the elder Bush’s career.

Their importance rested, to borrow from a WASP acquaintance’s email this week, on being “primus inter pares” — first among equals, with a particular kind of power in a particular set of institutions, and an ability to set a tone for the American upper class that was adopted by other groups when they ascended.

And ascend they often did, because the older American system was both hierarchical and permeable, with room for actual merit even without a meritocratic organizing theory.

Those advancing groups included non-Anglo-Saxons, and eventually non-Protestants and non-whites.

their example suggested that an aristocratic spirit was transferable to a more diverse elite, that there could be Catholic and African-American and Jewish aristocrats — like, say, the family that has long stewarded this newspaper — who could adopt the WASP establishment’s upper-class virtues without the ethnic and religious chauvinism.

The way of the “best and the brightest” at the dawn of the technocratic era and the “smartest guys in the room” decades later, the way of the arsonists of late-2000s Wall Street and the “move fast and break things” culture of Silicon Valley.

This was meritocracy, the system that we now take for granted. And for several reasons it didn’t work as planned

then the WASPs themselves decided to dissolve their own aristocracy, and transform their once-Protestant universities into a secular mass-opportunity system — a more democratic way of education, in which anyone with enough talent could climb the ladder, and personal achievement and technical expertise would be prized above all else.

instead of an Eastern establishment negotiating with overlapping groups of regional elites (or with working-class or ethnic leaders), you have a mass upper class segregated from demoralized peripheries.

Second, the meritocratic elite inevitably tends back toward aristocracy, because any definition of “merit” you choose will be easier for the children of these self-segregated meritocrats to achieve.

But even as it restratifies society, the meritocratic order also insists that everything its high-achievers have is justly earned. “He was born on third base and thought he hit a triple,”

This spirit discourages inherited responsibility and cultural stewardship; it brushes away the disciplines of duty; it makes the past seem irrelevant, because everyone is supposed to come from the same nowhere and rule based on technique alone

As a consequence, meritocrats are often educated to be bad leaders, and bad people, in a very specific way — a way of arrogant intelligence unmoored from historical experience, ambition untempered by self-sacrifice.

First, meritocracy segregates talent rather than dispersing it. By plucking the highest achievers from all over the country and encouraging them to cluster together in the same few cities, it robs localities of their potential leaders

Diversity, despite what many liberals want to think, does not provide a solution to this problem

nothing about being a woman or a minority makes you immune to meritocracy’s ruthless solipsism. Just ask Elizabeth Holmes or the slipping-from-grace Sheryl Sandberg

I don’t want to bring back the WASPs; if I had the magic wand to conjure a different elite, it would be a multiracial, multilingual Catholic aristocracy ruling from Quebec to Chile. (Hey, you asked.

But I do want to raise the possibility that an aristocracy that knows itself to be one might be more clearsighted and effective than an aristocracy that doesn’t, and that the WASPs had at least one clear advantage over their presently-floundering successors: They knew who and what they were

That is the Trifecta. People with that background these days are, no matter their color or economic level, almost American aristocracy. Solid family, solid framework, solid mind, built to rise—a lot of working-class Americans, white or black, would thank their lucky stars to come from that background

Love, stability and talent for something—there are a million kinds of talent to have—will set you firmly into the future. The rest is effort and luck

Mrs. Obama had these too, working diligently and meeting a man with whom she could share an interesting life.

The sons of formerly enslaved people never caught up, of course. By 1880 more than 90 percent of them were still in the South, and most still worked as farm laborers, tenant farmers or sharecroppers. In the 120 years that followed, they consistently saw lower pay and less upward mobility than similar white men

folks at the 90th percentile were about 14 times as wealthy as a typical white household

By applying such methods to counties across the Confederacy, they estimated wealth and slave ownership for about 300,000 households and captured broad trends that might otherwise be invisible.

Boustan says she first conceived of the project when she was a naive, newlywed graduate student

Along the way, she helped create a branch of economic history designed to answer huge, historical questions. With collaborators such as Stanford University’s Ran Abramitzky, she uses advanced analytical techniques to uncover people and trends in the wild and woolly data sets of the 19th and early 20th centuries. These linked data sets are historian’s version of the databases big tech companies use today to track and target users.

To follow families across generations and data sets, Boustan, Eriksson and Ager used first names, last names, ages and birthplaces. They’re not much on their own, but together such data points contain a surprising amount of information

Consider records of slave ownership and wealth: They come from different data sets, and 20,000 of the records are clear matches. But those matches allowed the economists to estimate slave ownership in the larger population. One of the most effective data points for doing so was surnames.

The average number of enslaved people recorded as the property of men with the last name Higgins in Lowndes County, Alabama, in 1860, was, for example, a strong predictor of the number of people enslaved by any Higgins household in that county. In many cases, it’s a perfect match.

Even after the enslaved people on whom their wealth was built were freed, Southern elites passed their advantages to their children through personal networks and social capital.

How does the loss of wealth effect elite dynasties?

it’s rare to find a wealth disruption that’s swift and deep enough to allow for large-scale analysis.

In 1870, at the height of Reconstruction, former slave-owning families had about 15 percent less wealth than equivalent families who owned fewer people. But by 1880, the sons of slave owners were back atop the Southern socioeconomic hierarchy.

The typical American white family had 10 times as much wealth as the typical black one as of 2016

It probably wasn’t just white privilege or that these wealthy lineages thrived based solely on their intelligence, talent or entrepreneurial instinct

These white families seem to have drawn upon exceptional social connections, the economists find

Most notably, they married up

sons of slave owners tended to marry women from families with even more prewar wealth — probably at least in part because of their father-in-law’s network and influence.

they were also more likely to make the leap into white-collar jobs, a move that other researchers have shown is often greased by a family’s political and social networks

The success of slave owners’ sons after emancipation hints that reducing wealth inequality isn’t just a matter of redistributing wealth, Boustan said. It’s a matter of reducing other barriers as well, such as elite personal and professional networks and other intangible privileges.

there is also a sense of envy, that Islam retains a vitality, conviction, and self-assuredness that Western liberalism and Western Christianity lost long ago

Houellebecq, who once called Islam “the stupidest religion,” has since read the Quran and apparently developed an appreciation for Islam, contributing to his own epiphany of sorts. “When, in the light of what I know,” Houellebecq says, “I reexamine the question whether there is a creator, a cosmic order, that kind of thing, I realize that I don’t actually have an answer.”)

In fiction and nonfiction alike, liberalism—referring here not to the left of American politics, but to the political order that privileges non-negotiable rights, personal freedoms, and individual autonomy—has come in for a beating, or at least a challenge.

This is a new global aristocracy, one defined by liberal ideas of “rational” education and sensibility.

insisting on yet more liberalism as a corrective has only made matters worse. “One of the liberal state’s main roles,” he writes, “becomes the active liberation of individuals from any limiting conditions.” Liberty, which he argues was once about freedom from “one’s own basest desires,” was redefined to encourage the ceaseless pursuit of those very same desires.

As a liberal who is critical of liberalism, I sympathize with these arguments but am, at the same time, unwilling to follow them to their logical conclusion.

Wherever I go and wherever I’ve lived, there are others, from all over the world, who I can easily connect with—“anywheres” of the center-left and center-right who share a similar disposition. They don’t really have a local community or “home” they feel particularly strongly about.

Why Liberalism Failed by Patrick Deneen, a political theorist at the University of Notre Dame. Liberalism, in dismantling traditional structures, encouraging “privatism,” and empowering an ever-expanding state, has created an existential crisis, he argues

the diversity, paradoxically, reinforces a kind of cultural homogeneity. As Deneen puts it: “The identities and diversity thus secured are globally homogenous, the precondition for a fungible global elite who readily identify other members capable of living in a cultureless and placeless world defined above all by liberal norms.

Whether merit-based “aristocracies” are a good thing has long been debated. The historian Charles Wiltse, writing on Thomas Jefferson, pointed out the tension: “It is to the talented and the virtuous that the government is to be committed, a doctrine suggesting the Greek ideal of the wise man. The criticism of [John] Adams, that talents and virtue will, in the end, breed wealth and family, Jefferson seems to have ignored.”

Liberalism might be a better ideology (than whatever the alternatives might be) but it’s an ideology all the same. It’s a transformative project, as any belief system that views history as a progressive and bending arc must be.

All transformations, even largely good ones, come at a cost. Most Americans and Europeans, including those who benefit most from the liberal status quo, understand that something is not quite right. Take our unprecedented levels of inequality, which are only likely to grow.

But the incentives for meritocratic elites to do anything serious about it—Deneen suggests a rather unappealing “household economics” model while social democrats like Matt Bruenig propose “social wealth funds”—are limited. Liberals are the new conservatives.

Choice needs to be a means to something else, but to what? Legally based religious systems—which only Islam among the largest religions potentially offers—quite consciously seek to restrict choice in the name of virtue and salvation.

anti-sharia legislation has become an odd phenomenon—a sort of illiberal counter-illiberalism. This is not quite what Deneen, or for that matter Houellebecq, had in mind in thinking beyond, or after, liberalism.

In Europe, no populist party—and several, in Switzerland, Poland, and Hungary, have been in power—has managed to imagine something truly new.

What liberalism’s critics appear unable, or unwilling, to address is whether a lack of meaning is a worse problem to have than a lack of freedom.

That’s the question behind the two main criticisms of “Girl.” One is that neither Dhont nor his co-writer, Angelo Tissens, nor the young actor who plays Lara, Victor Polster, are transgender

The other objection, the one that has prompted foes to label the film “traumatizing” and “sickening,” involves scenes near the end.

The outrage has played out ferociously online. The film critic Oliver Whitney wrote in The Hollywood Reporter that “Girl” is the “most dangerous movie about a trans character in years.” Whitney, who identifies as trans masculine, told me that seeing a trans girl mutilating herself suggests “it’s part of her survival, and that’s harmful.” He said he was most upset that the film “sends a damaging message to all audiences, but especially to trans folks suffering from dysphoria who may not have access to medical care or information about medical transitions.”

Three trans women who saw the film at a screening in Los Angeles said it was the film’s dark territory that made it compelling. Crystal Stull told me “Girl” was “the closest that cis people in society will ever get to understanding just how bad dysphoria can really get.

Ann Thomas, the founder of Transgender Talent, a Talent listing service for trans people, chastised the campaign against it.“The message these arrogant trans activists are saying is that Nora doesn’t have the right to tell her story,” said Thomas, who also defended “Girl” in an opinion piece for The Advocate.

“We’re worried about harm reduction,” said Elena Rose Vera, the deputy executive director of Trans Lifeline, who has not seen the movie. “We just want to protect our community.”

Monsecour told me she hoped the trans community knew that “Girl” was a beginning, not an end.“I have a platform to speak with ‘Girl,’” she said. “Without ‘Girl,’ I wouldn’t have that. There’s a lot of work to do, but I’m confident that more trans people will tell their stories.”

He tries to break free of narrow specialization and cross the boundaries between scientific disciplines. Expeditions beyond economics’ borders and its connection to history, philosophy, psychology, and ancient myths are not only refreshing, but necessary for understanding the world of the twenty-first century.

Reality is spun from stories, not from material. Zdeněk Neubauer

“The separation between the history of a science, its philosophy, and the science itself dissolves into thin air, and so does the separation between science and non-science; differences between the scientific and unscientific are vanishing.”

The study of the history of a certain field is not, as is commonly held, a useless display of its blind alleys or a collection of the field’s trials and errors (until we got it right), but history is the fullest possible scope of study of a menu that the given field can offer.

History of thought helps us to get rid of the intellectual brainwashing of the age, to see through the intellectual fashion of the day, and to take a couple of steps back.

That is the reason for this book: to look for economic thought in ancient myths and, vice versa, to look for myths in today’s economics.

stories; Adam Smith believed. As he puts it in The Theory of Moral Sentiments, “the desire of being believed, or the desire of persuading, of leading and directing other people, seems to be one of the strongest of all our natural desires.”

“The human mind is built to think in terms of narratives … in turn, much of human motivation comes from living through a story of our lives, a story that we tell to ourselves and that creates a framework of our motivation. Life could be just ‘one damn thing after another’ if it weren’t for such stories. The same is true for confidence in a nation, a company, or an institution. Great leaders are foremost creators of stories.”

contrary to what our textbooks say, economics is predominantly a normative field. Economics not only describes the world but is frequently about how the world should be (it should be effective, we have an ideal of perfect competition, an ideal of high-GDP growth in low inflation, the effort to achieve high competitiveness …). To this end, we create models, modern parables,

I will try to show that mathematics, models, equations, and statistics are just the tip of the iceberg of economics; that the biggest part of the iceberg of economic knowledge consists of everything else; and that disputes in economics are rather a battle of stories and various metanarratives than anything else.

Before it was emancipated as a field, economics lived happily within subsets of philosophy—ethics, for example—miles away from today’s concept of economics as a mathematical-allocative science that views “soft sciences” with a scorn born from positivistic arrogance. But our thousand-year “education” is built on a deeper, broader, and oftentimes more solid base. It is worth knowing about.

is a paradox that a field that primarily studies values wants to be value-free. One more paradox is this: A field that believes in the invisible hand of the market wants to be without mysteries.

mathematics at the core of economics, or is it just the icing of the cake, the tip of the iceberg of our field’s inquiry?

we seek to chart the development of the economic ethos. We ask questions that come before any economic thinking can begin—both philosophically and, to a degree, historically. The area here lies at the very borders of economics—and often beyond. We may refer to this as protoeconomics (to borrow a term from protosociology) or, perhaps more fittingly, metaeconomics (to borrow a term from metaphysics).

The more important elements of a culture or field of inquiry such as economics are found in fundamental assumptions that adherents of all the various systems within the epoch unconsciously presuppose. Such assumptions appear so obvious that people do not know what they are assuming, because no other way of putting things has ever occurred to them, as the philosopher Alfred Whitehead notes in Adventures of Ideas.

I argue that economic questions were with mankind long before Adam Smith. I argue that the search for values in economics did not start with Adam Smith but culminated with him.

We should go beyond economics and study what beliefs are “behind the scenes,” ideas that have often become the dominant yet unspoken assumptions in our theories. Economics is surprisingly full of tautologies that economists are predominantly unaware of. I

argue that economics should seek, discover, and talk about its own values, although we have been taught that economics is a value-free science. I argue that none of this is true and that there is more religion, myth, and archetype in economics than there is mathematics.

In a way, this is a study of the evolution of both homo economicus and, more importantly, the history of the animal spirits within him. This book tries to study the evolution of the rational as well as the emotional and irrational side of human beings.

I argue that his most influential contribution to economics was ethical. His other thoughts had been clearly expressed long before him, whether on specialization, or on the principle of the invisible hand of the market. I try to show that the principle of the invisible hand of the market is much more ancient and developed long before Adam Smith. Traces of it appear even in the Epic of Gilgamesh, Hebrew thought, and in Christianity, and it is expressly stated by Aristophanes and Thomas Aquinas.

This is not a book on the thorough history of economic thought. The author aims instead to supplement certain chapters on the history of economic thought with a broader perspective and analysis of the influences that often escape the notice of economists and the wider public.

Progress (Naturalness and Civilization)

The Economy of Good and Evil

from his beginnings, man has been marked as a naturally unnatural creature, who for unique reasons surrounds himself with external possessions. Insatiability, both material and spiritual, are basic human metacharacteristics, which appear as early as the oldest myths and stories.

the Hebrews, with linear time, and later the Christians gave us the ideal (or amplified the Hebrew ideal) we now embrace. Then the classical economists secularized progress. How did we come to today’s progression of progress, and growth for growth’s sake?

The Need for Greed: The History of Consumption and Labor

Metamathematics From where did economics get the concept of numbers as the very foundation of the world?

All of economics is, in the end, economics of good and evil. It is the telling of stories by people of people to people. Even the most sophisticated mathematical model is, de facto, a story, a parable, our effort to (rationally) grasp the world around us.

idea that we can manage to utilize our natural egoism, and that this evil is good for something, is an ancient philosophical and mythical concept. We will also look into the development of the ethos of homo economicus, the birth of “economic man.”

The History of Animal Spirits: Dreams Never Sleep

Masters of the Truth

Originally, truth was a domain of poems and stories, but today we perceive truth as something much more scientific, mathematical. Where does one go (to shop) for the truth? And who “has the truth” in our epoch?

Our animal spirits (something of a counterpart to rationality) are influenced by the archetype of the hero and our concept of what is good.

The entire history of ethics has been ruled by an effort to create a formula for the ethical rules of behavior. In the final chapter we will show the tautology of Max Utility, and we will discuss the concept of Max Good.

The History of the Invisible Hand of the Market and Homo Economicus

We understand “economics” to mean a broader field than just the production, distribution, and consumption of goods and services. We consider economics to be the study of human relations that are sometimes expressible in numbers, a study that deals with tradables, but one that also deals with nontradables (friendship, freedom, efficiency, growth).

When we mention economics in this book, we mean the mainstream perception of it, perhaps as best represented by Paul Samuelson.

By the term homo economicus, we mean the primary concept of economic anthropology. It comes from the concept of a rational individual, who, led by narrowly egotistical motives, sets out to maximize his benefit.

the Epic of Gilgamesh bears witness to the opposite—despite the fact that the first written clay fragments (such as notes and bookkeeping) of our ancestors may have been about business and war, the first written story is mainly about great friendship and adventure.

Even today we live in Gilgamesh’s vision that human relations—and therefore humanity itself—are a disturbance to work and efficiency; that people would perform better if they did not “waste” their time and energy on nonproductive things.

is a story of nature and civilization, of heroism, defiance, and the battle against the gods, and evil; an epic about wisdom, immortality, and also futility.

But it is in friendship where—often by-the-way, as a side product, an externality—ideas and deeds are frequently performed or created that together can altogether change the face of society.19 Friendship can go against an ingrained system in places where an individual does not have the courage to do so himself or herself.

started with Babylonians—rural nature becomes just a supplier of raw materials, resources (and humans the source of human resources). Nature is not the garden in which humans were created and placed, which they should care for and which they should reside in, but becomes a mere reservoir for natural (re)sources.

To be human seems to be somewhere in between, or both of these two. We

The entire history of culture is dominated by an effort to become as independent as possible from the whims of nature.39 The more developed a civilization is, the more an individual is protected from nature and natural influences and knows how to create around him a constant or controllable environment to his liking.

The epic captures one of the greatest leaps in the development of the division of labor. Uruk itself is one of the oldest cities of all, and in the epic it reflects a historic step forward in specialization—in the direction of a new social city arrangement. Because of the city wall, people in the city can devote themselves to things other than worrying about their own safety, and they can continue to specialize more deeply.

“The chief thing which the common-sense individual wants is not satisfactions for the wants he had, but more, and better wants.”47

If a consumer buys something, theoretically it should rid him of one of his needs—and the aggregate of things they need should be decreased by one item. In reality, though, the aggregate of “I want to have” expands together with the growing aggregate of “I have.”

the Old Testament, this relationship is perceived completely differently. Man (humanity) is created in nature, in a garden. Man was supposed to care for the Garden of Eden and live in harmony with nature and the animals. Soon after creation, man walks naked and is not ashamed, de facto the same as the animals. What is characteristic is that man dresses (the natural state of creation itself is not enough for him), and he (literally and figuratively) covers52 himself—in shame after the fall.53

Nature is where one goes to hunt, collect crops, or gather the harvest. It is perceived as the saturator of our needs and nothing more. One goes back to the city to sleep and be “human.” On the contrary, evil resides in nature. Humbaba lives in the cedar forest, which also happens to be the reason to completely eradicate it.

Symbolically, then, we can view the entire issue from the standpoint of the epic in the following way: Our nature is insufficient, bad, evil, and good (humane) occurs only after emancipation from nature (from naturalness), through culturing and education. Humanity is considered as being in civilization.

The city was frequently (at least in older Jewish writings) a symbol of sin, degeneration, and decadence—nonhumanity. The Hebrews were originally a nomadic nation, one that avoided cities. It is no accident that the first important city57 mentioned in the Bible is proud Babylon,58 which God later turns to dust.

is enough, for example, to read the Book of Revelation to see how the vision of paradise developed from the deep Old Testament period, when paradise was a garden. John describes his vision of heaven as a city—paradise is in New Jerusalem, a city where the dimensions of the walls(!) are described in detail, as are the golden streets and gates of pearl.

Hebrews later also chose a king (despite the unanimous opposition of God’s prophets) and settled in cities, where they eventually founded the Lord’s Tabernacle and built a temple for Him. The city of Jerusalem later gained an illustrious position in all of religion.

this time Christianity (as well as the influence of the Greeks) does not consider human naturalness to be an unambiguous good, and it does not have such an idyllic relationship to nature as the Old Testament prophets.

If a tendency toward good is not naturally endowed in people, it must be imputed from above through violence or at least the threat of violence.

If we were to look at human naturalness as a good, then collective social actions need a much weaker ruling hand. If people themselves have a natural tendency (propensity) toward good, this role does not have to be supplied by the state, ruler, or, if you wish, Leviathan.

How does this affect economics?

us return for the last time to the humanization of the wild Enkidu, which is a process we can perceive with a bit of imagination as the first seed of the principle of the market’s invisible hand, and therefore the parallels with one of the central schematics of economic thinking.

Sometimes it is better to “harness the devil to the plow” than to fight with him. Instead of summoning up enormous energy in the fight against evil, it is better to use its own energy to reach a goal we desire; setting up a mill on the turbulent river instead of futile efforts to remove the current. This is also how Saint Prokop approached it in one of the oldest Czech legends.

Enkidu caused damage and it was impossible to fight against him. But with the help of a trap, trick, this evil was transformed into something that greatly benefited civilization.

By culturing and “domesticating” Enkidu, humanity tamed the uncontrollable wild and chaotic evil

Enkidu devastated the doings (the external, outside-the-walls) of the city. But he was later harnessed and fights at the side of civilization against nature, naturalness, the natural state of things.

A similar story (reforming something animally wild and uncultivated in civilizational achievement) is used by Thomas Aquinas in his teachings. Several centuries later, this idea is fully emancipated in the hands of Bernard Mandeville and his Fable of the Bees: or, Private Vices, Publick Benefits. The economic and political aspects of this idea are—often incorrectly—ascribed to Adam Smith.

Here the individual does not try anymore to maximize his goods or profits, but what is important is writing his name in human memory in the form of heroic acts or deeds.

immortality, one connected with letters and the cult of the word: A name and especially a written name survives the body.”77

After this disappointment, he comes to the edge of the sea, where the innkeeper Siduri lives. As tonic for his sorrow, she offers him the garden of bliss, a sort of hedonistic fortress of carpe diem, where a person comes to terms with his mortality and at least in the course of the end of his life maximizes earthly pleasures, or earthly utility.

In the second stage, after finding his friend Enkidu, Gilgamesh abandons the wall and sets out beyond the city to maximalize heroism. “In his (…) search of immortal life, Gilgamesh

The hero refuses hedonism in the sense of maximizing terrestrial pleasure and throws himself into things that will exceed his life. In the blink of an eye, the epic turns on its head the entire utility maximization role that mainstream economics has tirelessly tried to sew on people as a part of their nature.81

today remember Gilgamesh for his story of heroic friendship with Enkidu, not for his wall, which no longer reaches monumental heights.

the eleventh and final tablet, Gilgamesh again loses what he sought. Like Sisyphus, he misses his goal just before the climax

The very existence of questions similar to today’s economic ones can be considered as the first observation. The first written considerations of the people of that time were not so different from those today. In other words: The epic is understandable for us, and we can identify with it.

We have also been witnesses to the very beginnings of man’s culturing—a great drama based on a liberation and then a distancing from the natural state.

Let us take this as a memento in the direction of our restlessness, our inherited dissatisfaction and the volatility connected to it. Considering that they have lasted five thousand years and to this day we find ourselves in harmony with a certain feeling of futility, perhaps these characteristics are inherent in man.

with the phenomenon of the creation of the city, we have seen how specialization and the accumulation of wealth was born, how holy nature was transformed into a secular supplier of resources, and also how humans’ individualistic ego was emancipated.

For small acts (hunting together, work in a factory), small love is enough: Camaraderie. For great acts, however, great love is necessary, real love: Friendship. Friendship that eludes the economic understanding of quid pro quo. Friendship gives. One friend gives (fully) for the other. That is friendship for life and death,

less a civilized, city person is dependent on nature, the more he or she is dependent on the rest of society. Like Enkidu, we have exchanged nature for society; harmony with (incalculable) nature for harmony with (incalculable) man.

human nature good or evil? To this day these questions are key for economic policy: If we believe that man is evil in his nature, therefore that a person himself is dog eat dog (animal), then the hard hand of a ruler is called for. If we believe that people in and of themselves, in their nature, gravitate toward good, then it is possible to loosen up the reins and live in a society that is more laissez-faire.

For a concept of historical progress, for the undeification of heroes, rulers, and nature, mankind had to wait for the Hebrews.

Because nature is not undeified, it is beyond consideration to explore it, let alone intervene in it (unless a person was a two-thirds god like Gilgamesh). It

As early as the “dark” ages, the Jews commonly used economic tools that were in many ways ahead of their time and that later became key elements of the modern economy:

Gilgamesh’s story ends where it began. There is a consistency in this with Greek myths and fables: At the end of the story, no progress occurs, no essential historic change; the story is set in indefinite time, something of a temporal limbo.

For a nation originally based on nomadism, where did this Jewish business ethos come from? And can the Hebrews truly be considered as the architects of the values that set the direction of our civilization’s economic thought?

PROGRESS: A SECULARIZED RELIGION One of the things the writers of the Old Testament gave to mankind is the idea and notion of progress. The Old Testament stories have their development; they change the history of the Jewish nation and tie in to each other. The Jewish understanding of time is linear—it has a beginning and an end.

The observance of God’s Commandments in Judaism leads not to some ethereal other world, but to an abundance of material goods (Genesis 49:25–26, Leviticus 26:3–13, Deuteronomy 28:1–13) (…) There are no accusing fingers pointed at

There are no echoes of asceticism nor for the cleansing and spiritual effect of poverty. It is fitting therefore, that the founders of Judaism, the Patriarchs Abraham, Isaac and Jacob, were all wealthy men.12

about due to a linear understanding of history. If history has a beginning as well as an end, and they are not the same point, then exploration suddenly makes sense in areas where the fruits are borne only in the next generation.

however, the idea of progress itself underwent major changes, and today we perceive it very differently. As opposed to the original spiritual conceptions, today we perceive progress almost exclusively in an economic or scientific-technological sense.

Because care for the soul has today been replaced by care for external things,

This is why we must constantly grow, because we (deep down and often implicitly) believe that we are headed toward an (economic) paradise on Earth.

Only since the period of scientific-technological revolution (and at a time when economics was born as an independent field) is material progress automatically assumed.

Jewish thought is the most grounded, most realistic school of thought of all those that have influenced our culture.17 An abstract world of ideas was unknown to the Jews. To this day it is still forbidden to even depict God, people, and animals in symbols, paintings, statues, and drawings.

economists have become key figures of great importance in our time (Kacířské eseje o filosofii dějin [Heretical Essays in the Philosophy of History]). They are expected to perform interpretations of reality, give prophetic services (macroeconomic forecasts), reshape reality (mitigate the impacts of the crisis, speed up growth), and, in the long run, provide leadership on the way to the Promised Land—paradise on Earth.

REALISM AND ANTIASCETICISM Aside from ideas of progress, the Hebrews brought another very fundamental contribution to our culture: The desacralization of heroes, nature, and rulers.

Voltaire writes: “It certain fact is, that in his public laws he [Moses] never so much as once made mention of a life to come, limiting all punishments and all rewards to the present life.”21

As opposed to Christianity, the concept of an extraterrestrial paradise or heaven was not developed much in Hebrew thought.19 The paradise of the Israelites—Eden—was originally placed on Earth at a given place in Mesopotamia20 and at a given time,

The Hebrews consider the world to be real—not just a shadow reflection of a better world somewhere in the cloud of ideas, something the usual interpretation of history ascribes to Plato. The soul does not struggle against the body and is not its prisoner, as Augustine would write later.

The land, the world, the body, and material reality are for Jews the paramount setting for divine history, the pinnacle of creation. This idea is the conditio sine qua non of the development of economics, something of an utterly earthly making,

The mythology of the hero-king was strongly developed in that period, which Claire Lalouette summarizes into these basic characteristics: Beauty (a perfect face, on which it is “pleasant to look upon,” but also “beauty,” expressed in the Egyptian word nefer, not only means aesthetics, but contains moral qualities as well),

THE HERO AND HIS UNDEIFICATION: THE DREAM NEVER SLEEPS The concept of the hero is more important than it might appear. It may be the remote origin of Keynes’s animal spirits, or the desire to follow a kind of internal archetype that a given individual accepts as his own and that society values.

This internal animator of ours, our internal mover, this dream, never sleeps and it influences our behavior—including economic behavior—more than we want to realize.

Anthropology knows several archetypes of heroes. The Polish-born American anthropologist Paul Radin examined the myths of North American Indians and, for example, in his most influential book, The Trickster, he describes their four basic archetypes of heroes.

The Torah’s heroes (if that term can be used at all) frequently make mistakes and their mistakes are carefully recorded in the Bible—maybe precisely so that none of them could be deified.32

the Hebrew heroes correspond most to the Tricksters, the Culture Bearers, and the Twins. The divine muscleman, that dominant symbol we think of when we say hero, is absent here.

Undeification, however, does not mean a call to pillage or desecration; man was put here to take care of nature (see the story of the Garden of Eden or the symbolism of the naming of the animals). This protection and care of nature is also related to the idea of progress

For the heroes who moved our civilization to where it is today, the heroic archetypes of the cunning trickster, culture bearer, and sufferer are rather more appropriate.

the Old Testament strongly emphasizes the undeification of nature.37 Nature is God’s creation, which speaks of divinity but is not the domain of moody gods

in an Old Testament context, the pharaoh was a mere man (whom one could disagree with, and who could be resisted!).

RULERS ARE MERE MEN In a similar historical context, the Old Testament teachings carried out a similar desacralization of rulers, the so-called bearers of economic policy.

Ultimately the entire idea of a political ruler stood against the Lord’s will, which is explicitly presented in the Torah. The Lord unequivocally preferred the judge as the highest form of rule—an

The needs of future generations will have to be considered; after all humankind are the guardians of God’s world. Waste of natural resources, whether privately owned or nationally owned is forbidden.”39

Politics lost its character of divine infallibility, and political issues were subject to questioning. Economic policy could become a subject of examination.

44 God first creates with the word and then on individual days He divides light from darkness, water from dry land, day from night, and so forth—and He gives order to things.45 The world is created orderly— it is wisely, reasonably put together. The way of the world is put together at least partially46 decipherably by any other wise and reasonable being who honors rational rules.

THE PRAISE OF ORDER AND WISDOM: MAN AS A PERFECTER OF CREATION The created world has an order of sorts, an order recognizable by us as people,

From the very beginning, when God distances Himself from the entire idea, there is an anticipation that there is nothing holy, let alone divine, in politics. Rulers make mistakes, and it is possible to subject them to tough criticism—which frequently occurs indiscriminately through the prophets in the Old Testament.

Hebrew culture laid the foundations for the scientific examination of the world.

Examining the world is therefore an absolutely legitimate activity, and one that is even requested by God—it is a kind of participation in the Creator’s work.51 Man is called on to understand himself and his surroundings and to use his knowledge for good.

The Book of Proverbs emphasizes specifically several times that it was wisdom that was present at the creation of the world. Wisdom personified calls out:

The last act, final stroke of the brush of creation, naming of the animals—this act is given to a human, it is not done by God, as one would expect. Man was given the task of completing the act of creation that the Lord began:

MAN AS A FINISHER OF CREATION The creation of the world, as it is explained in Jewish teachings, is described in the Book of Genesis. Here God (i) creates, (ii) separates, and (iii) names [my emphasis]:

Naming is a symbolic expression. In Jewish culture (and also in our culture to this day), the right to name meant sovereign rights and belonged, for example, to explorers (new places), inventors (new principles), or parents (children)—that is, to those who were there at the genesis, at the origin. This right was handed over by God to mankind.

The Naming itself (the capital N is appropriate) traditionally belongs to the crowning act of the Creator and represents a kind of grand finale of creation, the last move of the brush to complete the picture—a signature of the master.

Without naming, reality does not exist; it is created together with language. Wittgenstein tightly names this in his tractatus—the limits of our language are the limits of our world.53

Reality is not a given; it is not passive. Perceiving reality and “facts” requires man’s active participation. It is man who must take the last step, an act (and we

A real-ization act on our part represents the creation of a construct, the imputation of sense and order (which is beautifully expressed by the biblical act of naming, or categorization, sorting, ordering).

God connects man with the task of guarding and protecting the Garden of Eden, and thus man actually cocreates the cultural landscape. The Czech philosopher Zdeněk Neubauer also describes this: “Such is reality, and it is so deep that it willingly crystallizes into worlds. Therefore I profess that reality is a creation and not a place of occurrence for objectively given phenomena.”61

The Jews believed the exact opposite. The world is created by a good God, and evil appears in it as a result of immoral human acts. Evil, therefore, is induced by man.66 History unwinds according to the morality of human acts.

GOOD AND EVIL IN US: A MORAL EXPLANATION OF WELL-BEING We have seen that in the Epic of Gilgamesh, good and evil are not yet addressed systematically on a moral level.

the epic, good and evil are not envisaged morally—they are not the result of an (a)moral act. Evil was not associated with free moral action or individual will.

Hebrew thought, on the other hand, deals intensively with moral good and evil. A moral dimension touches the core of its stories.65

discrepancy between savings and investment, and others are convinced of the monetary essence

The entire history of the Jewish nation is interpreted and perceived in terms of morality. Morality has become, so to speak, a mover and shaker of Hebrew history.

sunspots. The Hebrews came up with the idea that morals were behind good and bad years, behind the economic cycle. But we would be getting ahead of ourselves. Pharaoh’s Dream: Joseph and the First Business Cycle To

It is the Pharaoh’s well-known dream of seven fat and seven lean cows, which he told to Joseph, the son of Jacob. Joseph interpreted the dream as a macroeconomic prediction of sorts: Seven years of abundance were to be followed by seven years of poverty, famine, and misery.

Self-Contradicting Prophecy Here, let’s make several observations on this: Through taxation74 on the level of one-fifth of a crop75 in good years to save the crop and then open granaries in bad years, the prophecy was de facto prevented (prosperous years were limited and hunger averted—through a predecessor of fiscal stabilization).

The Old Testament prophesies therefore were not any deterministic look into the future, but warnings and strategic variations of the possible, which demanded some kind of reaction. If the reaction was adequate, what was prophesied would frequently not occur at all.

If the threat is anticipated, it is possible to totally or at least partially avoid it. Neither Joseph nor the pharaoh had the power to avoid bounty or crop failure (in this the dream interpretation was true and the appearance of the future mystical), but they avoided the impacts and implications of the prophecy (in this the interpretation of the dream was “false”)—famine did not ultimately occur in Egypt, and this was due to the application of reasonable and very intuitive economic policy.

Let us further note that the first “macroeconomic forecast” appears in a dream.

back to Torah: Later in this story we will notice that there is no reason offered as to why the cycle occurs (that will come later). Fat years will simply come, and then lean years after them.

Moral Explanation of a Business Cycle That is fundamentally different from later Hebrew interpretations, when the Jewish nation tries to offer reasons why the nation fared well or poorly. And those reasons are moral.

Only in recent times have some currents of economics again become aware of the importance of morals and trust in the form of measuring the quality of institutions, the level of justice, business ethics, corruption, and so forth, and examining their influence on the economy,

it is not within the scope of this book to answer that question; justice has been done to the question if it manages to sketch out the main contours of possible searches for answers.

THE ECONOMICS OF GOOD AND EVIL: DOES GOOD PAY OFF? This is probably the most difficult moral problem we could ask.

Inquiring about the economics of good and evil, however, is not that easy. Where would Kant’s “moral dimension of ethics” go if ethics paid? If we do good for profit, the question of ethics becomes a mere question of rationality.

He remains righteous, even if his only reward is death. What economic advantage could he have from that?

morals cannot be considered in the economic dimension of productivity and calculus. The role of the Hebrews was to do good, whether it paid off or not. If good (outgoing) is rewarded by incoming goodness, it is a bonus,99 not a reason to do outgoing good. Good and reward do not correlate to each other.

This reasoning takes on a dimension of its own in the Old Testament. Good (incoming) has already happened to us. We must do good (outgoing) out of gratitude for the good (incoming) shown to us in the past.

So why do good? After all, suffering is the fate of many biblical figures. The answer can only be: For good itself. Good has the power to be its own reward. In this sense, goodness gets its reward, which may or may not take on a material dimension.

the Hebrews offered an interesting compromise between the teachings of the Stoics and Epicureans. We will go into it in detail later, so only briefly

constraint. It calls for bounded optimalization (with limits). A kind of symbiosis existed between the legitimate search for one’s own utility (or enjoyment of life) and maintaining rules, which are not negotiable and which are not subject to optimalization.

In other words, clear (exogenously given) rules exist that must be observed and cannot be contravened. But within these borders it is absolutely possible, and even recommended, to increase utility.

To Love the Law The Jews not only had to observe the law (perhaps the word covenant would be more appropriate), but they were to love it because it was good.

the principle of doing good (outgoing) on the basis of a priori demonstrated good (incoming) was also taken over by the New Testament. Atonement itself is based on an a priori principle; all our acts are preceded by good.

THE SHACKLES OF THE CITY Owing to the Hebrew’s liberation from Egyptian slavery, freedom and responsibility become the key values of Jewish thought.

Laws given by God are binding for Jews, and God is the absolute source of all values,

The Hebrew ideal is represented by the paradise of the Garden of Eden, not a city.116 The despised city civilization or the tendency to see in it a sinful and shackling way of life appears in glimpses and allusions in many places in the Old Testament.

The nomadic Jewish ethos is frequently derived from Abraham, who left the Chaldean city of Ur on the basis of a command:

This way of life had understandably immense economic impacts. First, such a society lived in much more connected relationships, where there was no doubt that everyone mutually depended on each other. Second, their frequent wanderings meant the inability to own more than they could carry; the gathering up of material assets did not have great weight—precisely because the physical weight (mass) of things was tied to one place.

One of Moses’s greatest deeds was that he managed to explain to his nation once and for all that it is better to remain hungry and liberated than to be a slave with food “at no cost.”

SOCIAL WELFARE: NOT TO ACT IN THE MANNER OF SODOM

regulations is developed in the Old Testament, one we hardly find in any other nation of the time. In Hebrew teachings, aside from individual utility, indications of the concept of maximalizing utility societywide appear for the first time as embodied in the Talmudic principle of Kofin al midat S´dom, which can be translated as “one is compelled not to act in the manner of Sodom” and to take care of the weaker members of society.

In a jubilee year, debts were to be forgiven,125 and Israelites who fell into slavery due to their indebtedness were to be set free.126

Land at the time could be “sold,” and it was not sale, but rent. The price (rent) of real estate depended on how long there was until a forgiveness year. It was about the awareness that we may work the land, but in the last instance we are merely “aliens and strangers,” who have the land only rented to us for a fixed time. All land and riches came from the Lord.

These provisions express a conviction that freedom and inheritance should not be permanently taken away from any Israelite. Last but not least, this system reminds us that no ownership lasts forever and that the fields we plow are not ours but the Lord’s.

Glean Another social provision was the right to glean, which in Old Testament times ensured at least basic sustenance for the poorest. Anyone who owned a field had the responsibility not to harvest it to the last grain but to leave the remains in the field for the poor.

Tithes and Early Social Net Every Israelite also had the responsibility of levying a tithe from their entire crop. They had to be aware from whom all ownership comes and, by doing so, express their thanks.

“Since the community has an obligation to provide food, shelter, and basic economic goods for the needy, it has a moral right and duty to tax its members for this purpose. In line with this duty, it may have to regulate markets, prices and competition, to protect the interests of its weakest members.”135

In Judaism, charity is not perceived as a sign of goodness; it is more of a responsibility. Such a society then has the right to regulate its economy in such a way that the responsibility of charity is carried out to its satisfaction.

With a number of responsibilities, however, comes the difficulty of getting them into practice. Their fulfillment, then, in cases when it can be done, takes place gradually “in layers.” Charitable activities are classified in the Talmud according to several target groups with various priorities, classified according to, it could be said, rules of subsidiarity.

Do not mistreat an alien or oppress him, for you were aliens in Egypt.140 As one can see, aside from widows and orphans, the Old Testament also includes immigrants in its area of social protection.141 The Israelites had to have the same rules apply for them as for themselves—they could not discriminate on the basis of their origin.

ABSTRACT MONEY, FORBIDDEN INTEREST, AND OUR DEBT AGE If it appears to us that today’s era is based on money and debt, and our time will be written into history as the “Debt age,” then it will certainly be interesting to follow how this development occurred.

Money is a social abstractum. It is a social agreement, an unwritten contract.

The first money came in the form of clay tablets from Mesopotamia, on which debts were written. These debts were transferable, so the debts became currency. In the end, “It is no coincidence that in English the root of ‘credit’ is ‘credo,’ the Latin for ‘I believe.’”

To a certain extent it could be said that credit, or trust, was the first currency. It can materialize, it can be embodied in coins, but what is certain is that “money is not metal,” even the rarest metal, “it is trust inscribed,”

Inseparably, with the original credit (money) goes interest. For the Hebrews, the problem of interest was a social issue: “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest.”

there were also clearly set rules setting how far one could go in setting guarantees and the nonpayment of debts. No one should become indebted to the extent that they could lose the source of their livelihood:

In the end, the term “bank” comes from the Italian banci, or the benches that Jewish lenders sat on.157

Money is playing not only its classical roles (as a means of exchange, a holder of value, etc.) but also a much greater, stronger role: It can stimulate, drive (or slow down) the whole economy. Money plays a national economic role.

In the course of history, however, the role of loans changed, and the rich borrowed especially for investment purposes,

In such a case a ban on interest did not have great ethical significance. Thomas Aquinas, a medieval scholar (1225-1274), also considers similarly; in his time, the strict ban on lending with usurious interest was loosened, possibly due to him.

As a form of energy, money can travel in three dimensions, vertically (those who have capital lend to those who do not) and horizontally (speed and freedom in horizontal or geographic motion has become the by-product—or driving force?—of globalization). But money (as opposed to people) can also travel through time.

money is something like energy that can travel through time. And it is a very useful energy, but at the same time very dangerous as well. Wherever

Aristotle condemned interest162 not only from a moral standpoint, but also for metaphysical reasons. Thomas Aquinas shared the same fear of interest and he too argued that time does not belong to us, and that is why we must not require interest.

MONEY AS ENERGY: TIME TRAVEL AND GROSS DEBT PRODUCT (GDP)

Due to this characteristic, we can energy-strip the future to the benefit of the present. Debt can transfer energy from the future to the present.163 On the other hand, saving can accumulate energy from the past and send it to the present.

labor was not considered degrading in the Old Testament. On the contrary, the subjugation of nature is even a mission from God that originally belonged to man’s very first blessings.

LABOR AND REST: THE SABBATH ECONOMY

The Jews as well as Aristotle behaved very guardedly toward loans. The issue of interest/usury became one of the first economic debates. Without having an inkling of the future role of economic policy (fiscal and monetary), the ancient Hebrews may have unwittingly felt that they were discovering in interest a very powerful weapon, one that can be a good servant, but (literally) an enslaving master as well.

It’s something like a dam. When we build one, we are preventing periods of drought and flooding in the valley; we are limiting nature’s whims and, to a large extent, avoiding its incalculable cycles. Using dams, we can regulate the flow of water to nearly a constant. With it we tame the river (and we can also gain

But if we do not regulate the water wisely, it may happen that we would overfill the dam and it would break. For the cities lying in the valley, their end would be worse than if a dam were never there.

If man lived in harmony with nature before, now, after the fall, he must fight; nature stands against him and he against it and the animals. From the Garden we have moved unto a (battle)field.

Only after man’s fall does labor turn into a curse.168 It could even be said that this is actually the only curse, the curse of the unpleasantness of labor, that the Lord places on Adam.

Both Plato and Aristotle consider labor to be necessary for survival, but that only the lower classes should devote themselves to it so that the elites would not have to be bothered with it and so that they could devote themselves to “purely spiritual matters—art, philosophy, and politics.”

Work is also not only a source of pleasure but a social standing; It is considered an honor. “Do you see a man skilled in his work? He will serve before kings.”170 None of the surrounding cultures appreciate work as much. The idea of the dignity of labor is unique in the Hebrew tradition.

Hebrew thinking is characterized by a strict separation of the sacred from the profane. In life, there are simply areas that are holy, and in which it is not allowed to economize, rationalize, or maximize efficiency.

the message of the commandment on Saturday communicated that people were not primarily created for labor.

This dimension has disappeared from today’s economics. Economic effort has no goal at which it would be possible to rest. Today we only know growth for growth’s sake, and if our company or country prospers, that does not…

the purpose of creation was not just creating but that it had an end, a goal. The process was just a process, not a purpose. The whole of Being was created so…

ancient Greek economic ethos, we will examine two extreme approaches to laws and rules. While the Stoics considered laws to be absolutely valid, and utility had infinitesimal meaning in their philosophy, the Epicureans, at least in the usual historical explanation, placed utility and pleasure in first place—rules were to be made based on the principle of utility.

CONCLUSION: BETWEEN UTILITY AND PRINCIPLE The influence of Jewish thought on the development of market democracy cannot be overestimated. The key heritage for us was the lack of ascetic perception of the world, respect to law and private…

poets actually went even further, and with their speech they shaped and established reality and truth. Honor, adventure, great deeds, and the acclaim connected with them played an important role in the establishment of the true, the real.

those who are famous will be remembered by people. They become more real, part of the story, and they start to be “realized,” “made real” in the lives of other people. That which is stored in memory is real; that which is forgotten is as if it never existed.

“epic and tragic poets were widely assumed to be the central ethical thinkers and teachers of Greece; nobody thought of their work as less serious, less aimed at truth, than the speculative prose treatises of historians and philosophers.”5 Truth and reality were hidden in speech, stories, and narration.

general? In the end, poetry could be more sensitive to the truth than the philosophical method or, later, the scientific method. “Tragic poems, in virtue of their subject matter and their social function, are likely to confront and explore problems about human beings and luck that a philosophical text might be able to omit or avoid.”8