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

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

 

Israel Just Sent Iran a Clear Message

Early Friday morning, Israel attacked military installations near the Iranian cities of Isfahan and nearby Natanz, the latter being one of the hubs of the country’s nuclear program. Jerusalem is not taking credit for the attack, and none of the details are too certain, but it seems that the attack involved multiple drones, likely launched from within Iran, as well as one or more missiles fired from Syrian or Iraqi airspace. Strikes on Syrian radar systems shortly beforehand probably helped make the attack possible, and there were reportedly strikes on Iraq as well.

Iran itself is downplaying the attack, but the S-300 air-defense batteries in Isfahan appear to have been destroyed or damaged. This is a sophisticated Russian-made system positioned to protect the Natanz nuclear installation. In other words, Israel has demonstrated that Iran’s best technology can’t protect the country’s skies from the IDF. As Yossi Kuperwasser puts it, the attack, combined with the response to the assault on April 13,

clarified to the Iranians that whereas we [Israelis] are not as vulnerable as they thought, they are more vulnerable than they thought. They have difficulty hitting us, but we have no difficulty hitting them.

Nobody knows exactly how the operation was carried out. . . . It is good that a question mark hovers over . . . what exactly Israel did. Let’s keep them wondering. It is good for deniability and good for keeping the enemy uncertain.

The fact that we chose targets that were in the vicinity of a major nuclear facility but were linked to the Iranian missile and air forces was a good message. It communicated that we can reach other targets as well but, as we don’t want escalation, we chose targets nearby that were involved in the attack against Israel. I think it sends the message that if we want to, we can send a stronger message. Israel is not seeking escalation at the moment.

Read more at Jewish Chronicle

More about: Iran, Israeli Security