Archive for 21 August 2008

Best Sentence I Read Today

| Peter Klein |

Justin Wolfers, on methodological conformity among mainstream economists:

Feel free to insert joke here about two-handed economists; although recognize that even an octopus couldn’t summarize the consensus within, say, sociology.

He’s mainly criticizing economists, however, adding: “Is it really the case that economics has advanced so little that 30 years later we are still having the same old debates?”

21 August 2008 at 12:51 pm 1 comment

An Orthodox Response to Max Weber

| Peter Klein |

“Orthodox” with a capital O, that is. The current issue of the Acton Institute’s flagship journal, the Journal of Markets and Morality, features the first English translation of Sergey Bulgakov’s 1909 essay “The National Economy and the Religious Personality,” described by translator Krassen Stanchev as “the first Orthodox Christian response to Max Weber’s The Protestant Ethic and the Spirit of Capitalism.” Bulgakov, widely regarded as the greatest 20th-century Orthodox theologian, has been attracting increasing interest in recent decades, in both East and West. Writes Stanchev:

Only in the 1906s did scholars turn their attention to business in the Orthodox medieval world. Professors in theological academies in Communist countries carefully avoided the topic while economic historians, at best, studied the relations between religion and business for closed audiences, but most often they pretended the phenomenon did not exist.

Just a few years after Weber, Bulgakov managed to put together similar theoretical arguments and a set of historical evidence that allowed claiming origins of the capitalist spirit from Orthodox Christianity as well. For those who are familiar with the later Russian “scientific” philosophers’ disregard for facts and documents, it will be a surprise as to how rich Russian historiography in the nineteenth century has been.

The article is currently gated but should be available to non-subscribers later this year. Or you can subscribe now and avoid the wait.

21 August 2008 at 9:26 am 3 comments

Top Ten Signs Your Airline is Cutting Costs

| Peter Klein |

Having done a fair amount of flying this summer I particularly appreciated this recent Letterman top ten list:

Letterman: Top Ten Signs Your Airline is Cutting Costs (August 5)

10. During flight they hit you with additional $200 “landing charge”
9. It’s day 4 of your honeymoon, and you’re still on the tarmac
8. Plane has a “Hyundai” hood ornament
7. When you arrive, Hawaii looks suspiciously like Detroit
6. Inflatable vest replaced with smaller inflatable bow ties
5. Plane can’t take off until you lose 20 pounds
4. In-flight entertainment: watching two fat guys fight for an armrest
3. Flight attendants wearing clothes you packed
2. The pilot — Andy Dick
1. During the captain’s preflight checklist, you hear him say, “close enough”

21 August 2008 at 9:25 am Leave a comment


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