The Market as God

Harvey Cox, HDS Hollis Professor of Divinity Emeritus, discusses his recent publication, The Market as God.
Learn more about Harvard Divinity School and its mission to illuminate, engage, and serve at hds.harvard.edu/.

[@TheDavveponken]

It would be good to provide a full description of the content so as to save the viewer about half an hour where he or she is only to find that this is actually not a lecture given by Mr Cox, rather it is a panel discussion about the over all phenomenon alluded to within the book.

[@melissamybubbles6139]

Have you explored the connection between the market religion and Mormonism? The LDS church has roots in utopian economic experimentation and is run by businessmen and lawyers. It seems to have similar narratives as the business worldview, such as the emphasis on growth.

[@NaliniNR]

Good!

[@nanirofhani]

very interesting

[@garretttedeman]

This talk is pretty much dead-on. ...In fact, some years ago when researching in this direction, I found Prof. Philip Mirowski over at the Univ. of Michigan who has (arguably) done the most in-depth research on the development of what - indeed - is sometimes referred to as "Market Fundamentalism", but is most accurately described by the term, "Neoliberalism".
...In short, the so-called Neoliberals, led by figures like Friedrich Hayek and Ludwig von Mises, and later as the Austrian School, the Chicago School, and even, with James Buchanan, the Virginia School, well they began assembling whole sets of doctrines to get the Ideology of Markets involved in everything we do.
Their view was that government as a collective to help the people simply cannot act efficiently enough to reflect current prices, i.e. price controls won't work. In fact, no human beings can ever calculate value as efficiently as the market itself. ...As Mirowski says, "The Market is a super-information processor". ...Therefore, they say markets should be implemented all across many fields as possible. This ideology was, to take one important example, at the heart of Enron (and it's collapse).
In more modern times, Neoliberalism has included big parts of Milton Friedman, Alan Greenspan, and so-called Libertarians such as Rand Paul who believe (as small-gov't advocates), that the gov't functions should be removed and replaced by markets.
...Anyway, the point is that in the old days, you were told what to do, and it was justified by "God says so", or the Priest or King or whomever was delegated by God (and there was no *reason* provided). ...Nowadays, we have the exact same dynamic: We have to obey *MARKET* dictates, and guess what, we can never know as much as the near-omnicient market. ...You just have to take it on faith...

[@inchworm9311]

22:20

[@anmeloschaes5659]

Traslate to spanish please.