The Common Insights of Economics and Judaism

April 2 2018

In his 1974 lecture upon receiving the Nobel Prize, the Austrian economist and political philosopher Friedrich Hayek expounded on the problem posed by what he termed “the pretense of knowledge.” To Hayek, economists and policymakers often go astray when they presume to have far more knowledge than they do, or even than they could possibly have. This insistence on intellectual humility shares much, according to the economist Russ Roberts, with Judaism’s. Furthermore, explains Roberts, one finds in the Talmud statements that very much reflect modern economic theories of specialization, and the development of halakhah itself in some ways mirrors the Hayekian notion of “emergent order.” (Interview by Jonathan Silver. Audio, 52 minutes.)

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Read more at Tikvah

More about: Economics, F. A. Hayek, History & Ideas, Judaism, Religion & Holidays

Israel-Palestinian Peace Starts with Combating Anti-Semitism

Jan. 22 2021

If there is to be a resolution to the conflict between the Jewish state and a putative Palestinian one, writes Jonathan Michanie, it won’t start with drawing lines on maps or restrictions on where Jews can build houses, but with the Palestinian Authority (PA) abandoning its official anti-Semitism. The PA can, in this regard, learn much from those Arab nations that have recently made peace with Israel:

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Read more at National Interest

More about: Anti-Semitism, Israeli-Palestinian Conflict, Morocco, Palestinian Authority