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

Donald Trump’s Plan for Gaza Is No Worse Than Anyone Else’s—and Could Be Better

Reacting to the White House’s proposal for Gaza, John Podhoretz asks the question on everyone’s mind:

Is this all a fantasy? Maybe. But are any of the other ludicrous and cockamamie ideas being floated for the future of the area any less fantastical?

A Palestinian state in the wake of October 7—and in the wake of the scenes of Gazans mobbing the Jewish hostages with bloodlust in their eyes as they were being led to the vehicles to take them back into the bosom of their people? Biden foreign-policy domos Jake Sullivan and Tony Blinken were still talking about this in the wake of their defeat in ludicrous lunchtime discussions with the Financial Times, thus reminding the world of what it means when fundamentally silly, unserious, and embarrassingly incompetent people are given the levers of power for a while. For they should know what I know and what I suspect you know too: there will be no Palestinian state if these residents of Gaza are the people who will form the political nucleus of such a state.

Some form of UN management/leadership in the wake of the hostilities? Well, that might sound good to people who have been paying no attention to the fact that United Nations officials have been, at the very best, complicit in hostage-taking and torture in facilities run by UNRWA, the agency responsible for administering Gaza.

And blubber not to me about the displacement of Gazans from their home. We’ve been told not that Gaza is their home but that it is a prison. Trump is offering Gazans a way out of prison; do they really want to stay in prison? Or does this mean it never really was a prison in the first place?

Read more at Commentary

More about: Donald Trump, Gaza Strip, Israeli-Palestinian Conflict