Like all fundamentalist faiths, Chicago School economics is, for its true believers, a closed loop. The starting premise is that the free market is a perfect scientific system, one in which individuals, acting on their own self-interested desires, create the maximum benefits for all. It follows ineluctably that if something is wrong within a free market economy – high inflation or soaring unemployment – it has to be because the market is not truly free. There must be some interference, some distortion in the system. The Chicago solution is always the same: a stricter and more complete application of the fundamentals.
Several years ago I read Fr. Sergei Bulgakov’s claim that Marxism is not social science but a kind of religion. Recently I realized his argument could also be applied to the laissez-faire capitalism promoted by “market liberalism” (which is basically libertarianism). Beginning with Bulgakov, here are a few reasons why I think market liberalism is a religious movement. Continue reading →
The following is a review of Gayle E. Woloschak’s article, “The Compatibility of the Principles of Biological Evolution with Eastern Orthodoxy,” published in St. Vladimir’s Theological Quarterly, 55.2 (2011).
I added Gayle Woloschak’s article on evolution and Orthodoxy to my reading list for a couple of reasons. For one, it goes to my interest in the culture wars and the ideas that fund them. It also bears upon my role as a recovering-evangelical convert to the Orthodox Church and the way I evaluate the impact people like me have on Orthodoxy at large.
Woloschak’s basic argument is that denying evolution is theologically problematic for an Orthodox Christian.Continue reading →