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Reading Genesis, an Economist Sees a Tale of Technological and Social Progress

March 12 2019

Upon rereading the book of Genesis, Tyler Cowen, an economics professor at George Mason University, found “embedded” in its narratives a story of “technology-led economic growth, similar to what you might find in the work of Adam Smith.” This growth begins after Adam learns to till the soil, and takes off from there:

Most of all, in the Genesis story, the population of the Middle East keeps growing. I’ve known readers who roll their eyes at the lists of names, and the numerous recitations of who begat whom, but that’s the Bible’s way of telling us that progress is under way. Neither land nor food supplies prove to be the binding constraints for population growth, unlike the much later canonically classical economic models of Malthus and Ricardo. . . .

In the book of Genesis, the underlying model of economics is a pretty optimistic one, and that is another way in which Western history draws upon its Judeo-Christian roots.

That said, Genesis is by no means entirely positive about the impact of technology. . . . The story of the Tower of Babel is the clearest instance of the possible dangers of technology, [although] it is striking how much potential productive efficacy is ascribed to mankind. People with a single language are building a tower with a top reaching up to the heavens, and “now nothing they plot to do will elude them.” God then scatters the humans and takes away their common language, to limit their productive capacity. There is a hint that people are seeking to become the rivals of God, who needs to keep their ambitions in check.

If we transplant this tale into a modern setting, you might think that God is skeptical of globalization, world government, a universal language, and unhindered communication.

Read more at Bloomberg

More about: Adam Smith, Economics, Genesis, Hebrew Bible, Technology, Tower of Babel

 

The Summary: 10/7/20

Two extraordinary events demonstrate something important about Israel’s most fervent adversaries. One was a speech given at something called The People’s Forum (funded generously by Goldman Sachs), which stated, “When the state of Israel is finally destroyed and erased from history, that will be the single most important blow we can give to destroying capitalism and imperialism.”

The suggestion that this tiny state is the linchpin of a global, centuries-old phenomenon like capitalism goes well beyond anything resembling rational criticism. Even if Israel were guilty of genocide, apartheid, and oppression—which of course it is not—it would not follow that its destruction would help end capitalism or imperialism.

The other was an anti-Israel protest that took place in front of New York City’s Memorial Sloan Kettering Cancer Center, deemed “complicit” in Israel’s evils. At organizers’ urging, participants shouted their slogans at kids in the cancer ward, who were watching from the windows. Given Hamas’s indifference toward the lives of Gazan children, such callousness toward non-Palestinian children from Hamas’s Western allies shouldn’t be surprising. The protest—like the abovementioned speech—deliberately conveyed the message that Israel is the ultimate evil and its destruction the ultimate good, cancer patients be damned.

The fact that Israel’s adversaries are almost comically perverse does not mean that they can be dismissed. If its allies fail to understand the obsessive and irrational hatred that it faces, they cannot effectively help it defend itself.

Read more at Mosaic