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Economic Theology - Credit and Faith II (Paperback)
Loot Price: R1,092
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Economic Theology - Credit and Faith II (Paperback)
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In Economic Theology, Goodchild offers a philosophical analysis of
the contemporary economy in terms of the way it structures credit
and faith. The Great Financial Crisis of 2007 and onwards has
exposed the extent to which the economy functions as a network of
credits and debts. Credit and debt may now be understood as the
driving force of economic behaviour. In this analysis, economic
theories of markets and money are also ways of ordering trust.
Similarly, the institutions of money, finance and banking provide
the framework enabling trust and cooperation. Goodchild explores
how reliance on such theories and institutions produces
disequilibrium dynamics, growing inequalities, increasing
enclosure, resource depletion and breakdown. Nevertheless, the
failures of the system only intensify efforts to extend the system
itself. Building on and extending Goodchild's Theology of Money,
the author exposes the extent to which humanity has become enslaved
within theories and institutions of its own making. As the second
volume in his Credit and Faith trilogy, Goodchild explains how the
economy itself is a way of shaping time and attention, care and
evaluation, trust and cooperation, so directly assuming a
theological role. This volume extends the theological critique of
the dynamics of financial capitalism.
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