Orthodox Social Thought and Modern Economics

“The breath of Thy Holy Spirit inspireth artists, poets, and scientists. The power of Thy supreme knowledge maketh them prophets and interpreters of Thy laws, Who revealeth the depths of Thy creative wisdom. Their works speaketh unwittingly of Thee. How great art Thou in Thy creation! How great art Thou in man! ” ~ Akathist of Thanksgiving Why do politicians—of every party—so often fail to deliver on their promises to voters? The cynical answer is that they are dishonest, and no doubt sometimes that is true. But I think at least as often they lack the…

Orthodox Social Thought and Monastic Enterprise

Inasmuch as the present rests on the shoulders of the past, we can generally claim that our contemporary economic life is built upon the foundations set by the ascetic monastic labor of medieval Europe. ~ Fr. Sergei Bulgakov In the early twentieth-century, Adolf von Harnack observed in his historical study that “in Western monasticism we have to recognise a factor of the first importance in Church and civilisation.” The sociologist Max Weber, Harnack’s contemporary, also acknowledged this, for the West, in his major work The Protestant Ethic and the Spirit of Capitalism. By contrast, both figures…

Orthodoxy and Neo-Calvinist Social Thought

And Jesus came and spoke to them, saying, “All authority has been given to Me in heaven and on earth.” Matthew 28:18 Who said it? “The man of faith acts, not as one endowed with free will, but as a beast that is led by the will of God.” Martin Luther? John Calvin? No, the answer is St. Peter of Damascus, from the Philokalia. He goes on to pray, “Do what Thou wilt to Thy creature; for I believe that, being good, Thou bestowest blessings on me, even if I do not recognize that they are for my…

The wedge issue for Orthodoxy? Usury!?

“What must be implemented is not a ‘steadily expanding economy,’ but a zero-growth economy, a stable economy. Economic growth is not only unnecessary but ruinous…we must renounce, as a matter of urgency, the gigantic scale of modern technology in industry, agriculture, and urban development …” – Aleksandr Solzhenitsyn Orthodoxy’s principled objection to Communism is widely known and understood and, given that Eastern Orthodoxy was the religious tradition that bore the brunt of the Marxist-Leninist assault upon religion and Christian culture, the fact that the vast majority of Orthodox thinkers have been profoundly distrustful of the political left…

Orthodoxy and Roman Catholic Social Thought

Then Jesus came out, wearing the crown of thorns and the purple robe. And Pilate said to them, “Behold the Man!” John 19:5 In a famed episode of The Twilight Zone in 1962, aliens known as Kanamits make first contact with earth, claiming that they come in peace. They offer advanced technology that eliminates famine, disease, and war. When they go, they leave behind a book, written in their undecipherable alien language. Naturally, the cryptographists get to work decoding it, led by scientist Michael Chambers. While some responded with skepticism toward the Kalamits’ mission, their technology works. A new era…