St. Maximos' Hut

Orthogonality:
I was using "orthogonal" to suggest that economics and religion talk about very different subjects and to suggest that I see no contradiction between looking at the world as an economist and looking at the world as a Christian.

For example, economics suggests utility maximization as a goal. In economic terms, Christianity tells me how to define my utility function. Once I've done that, I don't see a contradiction between maximzing my utility and living according to my faith, for an essential feature of my faith is the belief that living life as a Christian is what I (and all mankind) was created to do. Can't maximize utility much more than that.

Of course, not everyone accepts the same faith - and even amongst ourselves here at St. Maximos' Hut we've got a wide range of Christian denominations with some fairly deep theological differences. Economics can't tell us anything about how to resolve those differences or the even deeper ones between Christians generally and those of other faiths. An economist can tell us something useful about which religious faiths might succeed in gaining "market share" through practices that improve their success at winning converts. (You can read some excellent work on that topic, collected by the Center for the Economic Study of Religion, here.) But that is a topic for another day/post.

So my claim of orthogonality merely was a claim that there was not a contradiction between being an economist and being a Christian.

Posted by Andy Morriss on Thursday August 25, 2005 at 9:32pm
GM Curtis (mail):
Thank you, Andy, and thank you others. Please permit this American historian to wander into this, your promise of a most congenial world. How spritely you folks are as you proclaim the complementarities of your many voyages. Remarkable histories all. Particularly as the sum of these voyages when in company of friendly strangers becomes greater than the parts, much like any good contract. Is that right, Andrew? Having just recently seen the movie, "National Treasure," I could not help but wonder if the passion that was the light for the Don Quixote who was the movie's hero is one that is shared by you folks. Please do not misunderstand me here--that comment is entered as a compliment. By the way, I thought that the hero combined a faith in God with a faith in preserving the spirit of the law as the founders of this American republic intended, a complementarity that remains profoundly important, does it not? My best to you all. GM
8.26.2005 1:44am
goodness_of_fit (mail) (www):
So I don't know if I amm supposed to put you with the Orthodox or Economics blogs in my blogroll ;)
8.26.2005 2:59pm
Andy Morriss (mail):
How about both?
8.26.2005 3:58pm
GM Curtis (mail):
Andrew, if you think that I might belong, then anywhere that you select for a landing is just fine with me--just as long as we understand a couple of things. First, I do respect and like you as a gatekeeper. Second, I do like to arrange my own take-offs and landings. Third, if ever the first and second come into conflict, you are both the rabbi and the judge. O.K.? Andy, my best to you. GM
8.26.2005 7:38pm
S. Smith:
On the orthogonality of religion and economics...

I have taught economics at several private and public universities in the US. I would always get a particularly warm feeling on the first day of class when I would tell students that the basic assumption of microeconomic theory is that the material world cannot satisfy man's wants (the assumption of non-satiation). I was thrilled that this fundamentally religious (and somewhat ascetic) assumption was required teaching. -- S. Smith
8.29.2005 7:42pm