On a recent episode of Marketplace, after another
day of "volatility" in the stock market, host Kai Ryssdal asked New York bureau
chief Heidi Moore about that particular day's anxiety, apparently caused by
untrue rumors about a French bank.
Stephen Green would be the first to tell you that he has led a
privileged life. Indeed, he acknowledges his privilege throughout his
book. As chair of HSBC, the global banking powerhouse, he has traveled
the world and has engaged deeply in the global economy. He has sipped
champagne and exchanged ideas at retreats with the world's most powerful
Ever since the Great Recession began in the fall of 2008, Christians and other faith leaders have criticized the speculative excess and greed that led to the crisis. A consensus on what to do about it, however, has yet to emerge.
Westchester County, which lies directly north of New York City, is well known for its many classic suburban communities where cars line up at train stations at 6 p.m. each day to pick up returning executives and money managers.
How should Christians understand—and what should they learn from—the worst economic downturn since the Depression? Does the crisis raise fundamental moral or theological questions about our economic system? Four scholars offer their reflections in this issue of the Century: Dennis P. McCann, Jon P. Gunnemann, Deirdre McCloskey and D. Stephen Long.
The 1970s—that era of fuel shortages and economic “stagflation”—is not normally the subject of nostalgia (That ’70s Show! notwithstanding), but perhaps it should be. According to researchers at Fordham University, the U.S. enjoyed a high rate of “social health” from 1970 to 1976.
Stephen Long has written an engaging and frustrating book on the relation of theology and economics. Baptized by Anabaptists, educated by evangelicals and ordained in the United Methodist Church, Long teaches at UMC-related Garrett-Evangelical Theological Seminary, where he is co- director of the Center for Ethics and Values.
Despite his book’s title, Lawrence Mitchell is not throwing bricks at corporate America. A research professor at the George Washington Law School, Mitchell indicts corporations from within the leviathan—that is, from within the legal framework that shapes American businesses.