Wednesday, June 9, 2010

The Theology of Money

From Barnes and Noble website:

Pub. Date: August 2009
Publisher: Duke University Press
Format: Textbook Paperback, 296pp
Sales Rank: 534,435
Series: New Slant: Religion, Politics, Ontology Series
ISBN-13: 9780822344506
ISBN: 0822344505
Edition Description: New Edition

Synopsis

Theology of Money is a philosophical inquiry into the nature and role of money in the contemporary world. Philip Goodchild reveals the significance of money as a dynamic social force by arguing that under its influence, moral evaluation is subordinated to economic valuation, which is essentially abstract and anarchic. His rigorous inquiry opens into a complex analysis of political economy, encompassing markets and capital, banks and the state, class divisions, accounting practices, and the ecological crisis awaiting capitalism.

Engaging with Christian theology and the thought of Carl Schmitt, George Simmel, Karl Marx, Adam Smith, and many others, Goodchild develops a theology of money based on four contentions, which he elaborates in depth. First, money has no intrinsic value; it is a promise of value, a crystallization of future hopes. Second, money is the supreme value in contemporary society. Third, the value of assets measured by money is always future-oriented, dependent on expectations about how much might be obtained for those assets at a later date. Since this value, when realized, will again depend on future expectations, the future is forever deferred. Financial value is essentially a degree of hope, expectation, trust, or credit. Fourth, money is created as debt, which involves a social obligation to work or make profits to repay the loan. As a system of debts, money imposes an immense and irresistible system of social control on individuals, corporations, and governments, each of whom are threatened by economic failure if they refuse their obligations to the money system. This system of debt has progressively tightened its hold on all sectors and regions of globalsociety. With Theology of Money, Goodchild aims to make conscious our collective faith and its dire implications.

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In this my personal Christian blog, I hope to be discursive and now and then critical. What I write here is tentative and tensive. I post thoughts, feelings, and observations somewhat randomly and often in immediate response to current events and posts on other blogs.


"Serendipitous Creativity" from Gordon Kaufman

"I suggested that what we today should regard as God is the ongoing creativity in the universe - the bringing (or coming) into being of what is genuinely new, something transformative; …

"In some respects and some degrees this creativity is apparently happening continuously, in and through the processes or activities or events around us and within us(…) is a profound mystery to us humans(…) But on the whole, as we look back on the long and often painful developments that slowly brought human life and our complex human worlds into being, we cannot but regard this creativity as serendipitous …

"I want to stress that this serendipitous creativity - God! - to which we should be responsive is not the private possession of any of the many particular religious faiths or systems …

"This profound mystery of creativity is manifest in and through the overall human bio-historical evolution and development everywhere on the planet; and it continues to show itself throughout the entire human project, no matter what may be the particular religious and or cultural beliefs."

Gordon Kaufman, Mennonite Life, December 2005 vol. 60 no. 4

Melville is a rational man who

"Melville is a rational man who wants God to exist. He wants Him to exist for the same reasons we all do: to be our rescuer and appreciator, to act as a confidant in our moments of crisis and to give us reassurance that, over the horizon of our deaths, we will survive." (John Updike)

And that is a problem for me.

Fragmented Notions

Fragmented Notions
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