Do Goods Have an Inherently Just Price?

Now comes deceit betwixt merchant and merchant. And thou shalt understand that merchandise is in many sorts; that one is bodily, and that other is ghostly; that one is honest and lawful, and that other is dishonest and unlawful. Of that bodily merchandise that is lawful and honest is this: that, whereas God has ordained that a reign or a country is sufficient to himself, then is it honest and lawful that of the abundance of this country, men help another country that is more needy. And therefore there must be merchants to bring from that one country to that other their merchandises. That other merchandise, that men exercise with fraud and treachery and deceit, with lies and false oaths, is cursed and damnable”
Chaucer, “The Parson’s Tale”

Is wealth acquisition by people engaged in perfectly legal business ever immoral? For example, if the price of oil rises because of a disruption to the supply chain or production, there are loud cries of price gouging. The accusation of price gouging hinges on the idea that there is an inherently “just price” that the seller is departing from. Price gouging is thought to be immoral because buyers are being charged far more than the appropriate price. One implication of this view is that making a profit (especially a large one) is wrong because it probably means that the seller is charging far more than the good’s “just price.”

This idea that selling goods for more than the just price is immoral is ancient, and it was expounded by a variety Christian thinkers beginning with the Church fathers and culminating in Aquinas. Chaucer’s The Canterbury Tales illustrates this view, giving examples of how greed and desire for profit are morally blameworthy. As we will see, the “just price” framework doesn’t map neatly onto economies, but its legacy lingers on anachronistically in today’s economic debates.

Read the rest at Public Discourse

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How To Read The Good Book

“If this robust three-fold mode of reading happened naturally and was common today, we would not need the book you’re holding in your hands. But in reality we often don’t read this way.”

The book (which, truth be told, you are unlikely to be holding in your hands while you read this here review) is Come and See: The Journey of Knowing God through Scripture.

While the author Jonathan Pennington doesn’t frame his book this way, Come and See reads like an appendix to an excellent book I have been recommending to people for decades: How to Read a Book by Mortimer Adler and Charles van Doren.

The chief problem with Adler and van Doren’s book is finding a way to convince people to read it. From the title, most people assume it is about acquiring literacy. It is not. The book assumes the reader is literate, which is good because writing a book for people who are not literate would be a bit odd. How to Read a Book explains to literate people how to actually read a book, not in the sense of reading the words, but in the sense of getting the most you can out of a book. It is a rigorous practical manual, explaining the four levels of reading, and what you need to know to read different literary genres. If, for example, you try to read novels and poems and scientific works and history books in the same way, you are a very poor reader. You will get vastly more enjoyment and knowledge and wisdom from books if you learn how to be a more active reader. How to Read a Book is not only excellent, but as the authors explain, it is a practical book and they happily explain how you should read their own book.

For all of its amazing breadth, How to Read a Book does not directly discuss how to read the Bible. If you read with attention, you can piece together advice on good Bible reading. The history books need to be read differently than Paul’s letters. It explores many of the questions a reader should be asking while reading the Bible? It explains why it is really important to read books in the Bible as a whole unit in one sitting so that you can see how the book coheres. And so on.

Pennington, though, has made the challenge of learning to read the Bible a lot easier. As Adler and van Doren would surely agree, the Bible is not just a collection of history and practical books. Learning to read the Bible deserves its own explanation, and Pennington’s book could easily be tacked on as an appendix to Adler and van Doren’s book. Fortunately, you don’t have to read How to Read a Book first. Come and See reads perfectly well as a stand-alone book.

As the quotation at the outset of this review explains, Pennington is very concerned that most people are very poor readers of the Bible. I fully share his concern. (Indeed, in an indirect way that concern was the origin of this here blog and the accompanying newsletter.) Most Bible reading these days is ripping short passages of scripture out of context and then reading or listening to a short exposition of that passage full of folksy anecdotes and an immediate practical application. There are no other books which are read the way that most people read the Bible. Take the most recent book you read an imagine someone reading it by flipping to a random paragraph or chapter and treating it as a standalone passage. Why don’t we read other books that way? It is a horrible way to read books.

This raises an immediate challenge for a book like Come and See. Who is the audience for this book? People who don’t know how to read the Bible well. But, as Pennington’s concern indicates, most people don’t know that they don’t know how to read the Bible well, so how will they know they should read a book about how to read The Good Book? It is an odd circular problem.

Setting that problem aside for a moment, what does Pennington have to say in Come and See? The book divides the reading experience into three parts, bringing them all back together in the end to note that if you aren’t simultaneously reading all three ways together, you are not reading the Bible well.

First there is informational reading. There are two parts to this, and the simpler one is understanding that there are very different literary genres in the Bible and the different genres need to be read in different ways. If you do not understand that the gospel of Luke is meant to be read in a very different way than the book of Psalms, you are reading poorly. Pennington shows how to notice what is important in the assorted genres in the Bible

But informational reading also includes a lot of the basics of how to read any book. The books in the Bible were written in particular times and particular places, so learning more about the world in which the books were written illuminates all sorts of details about the book. If you don’t understand, for example, how first century Greece was different than 21st century America, then there is no way to understand many parts of the New Testament. In addition to knowing the background, it is important to see how a given book works as whole. The gospels, for example, are carefully constructed narratives, where how a given episode is described and which episodes come immediately before and after it are a large part of the overall message of the book. Treating each incident as an isolated event misses a lot of what the book is doing. And finally, to read a book well it is good to know how other people read the same book; if you only ever see what you personally notice in a book or what one other person notices in a book, then you will miss the riches of the book.

Informational reading is exactly the sort of thing you can also learn in the Adler and van Doren book. It is the sort of reading we should have all learned in school, but most of us never did. If someone never learned how to read poetry, is it any wonder that the person is a very bad reader of the Psalms?

But informational reading is only one part of reading the Bible well. It is good to understand that the Bible is a book that can be read according to its assorted genre types. But, it is more than that. It is also a theological book and to be fully understood, it needs to be read with an understanding of the theology underlying it.

“Theology” is one of those words that conjures up images of large dense and very dull tomes read by people who never see the sunlight. Reading theologically does not mean you need to blow the dust off of molding books. Reading theologically means understanding that for a few thousand years, people have been studying Scripture and have discovered quite a few things about God which can be pieced together by reading deeply. When we come to the Bible, there is no need to reinvent the wheel. For example, the Old and New Testaments combined teach about the Trinitarian nature of God—that there is one God, that God has three parts, and each part is fully God. To read Scripture well means reading it with an understanding of such theological basics. We don’t even have to spend time figuring out what constitutes the theological basics. That is the point of the Creeds; we just need to read things like the Apostles Creed and the Nicene Creed and understand that these are the basic truths with which a theological reading of Scripture begins.

To read without an understanding of theology, to imagine that when you, the Reader, open the Bible you are exploring strange new worlds is to guarantee that you will be a bad reader of the Bible. Reading theologically is the way to unlock the depths of the teachings about God, to see that the book is deeper than any human mind, not just your mind, can fathom. Reading theologically helps us to understand God as He has revealed Himself and avoid the trap of simply seeing God as a mirror reflecting our own shallow reading.

If we only read informationally and theologically, however, the Bible is simply a large, potentially interesting doorstop. We must also learn the third avenue to reading: transformational reading. The Bible doesn’t just tell us about God and His works, it teaches us what God wants of us. It teaches us what the Creator of the Heavens and the Earth, who sent his Son to die on a cross for us, wants us to do today and tomorrow and for the rest of our lives. We seriously misread the Bible if we miss the idea that when God says He wants us to learn to love our neighbor as ourselves, it was not just an empty platitude but something we really should be doing day after day.

As Pennington argues, the goal of thinking through these three ways of reading is not to learn one of them and do it, or to read every part of the Bible three times in those different ways. The goal is to learn how to read the Bible well, which means having all of these three things going on in the back of your mind simultaneously. If you don’t read like that, you are reading the Bible very poorly.

Come and See is in the Adler and van Doren category of a practical book. As they note, “To fail to read a practical book as practical is to read it poorly. You really do not understand it, and you certainly cannot criticize it in any other way.” Moreover, “If you are convinced or persuaded by the author that the ends he proposes are worthy, and if you are further convinced or persuaded that the means he recommends are likely to achieve those ends, then it is hard to see how you can refuse to act in the way the author wishes you to.”

In other words, the first question to ask yourself is whether it is a worthy end to read the Bible well. If so, then the next question is whether you are reading it well if you are failing to think through the informational, theological, and transformational questions the Bible raises. If you know you are not reading the Bible well, or if you don’t know if you are reading the Bible well, then you are the audience for Come and See.

(Once again, the obligatory note: the federal government requires me to say that the publisher Crossway sent me a copy of this book so that I could review it. Presumably the government requires this in case you don’t trust me to be an honest reviewer. Which raises the question: if you don’t trust that I am being honest, why are you reading this review in the first place?)

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Should Wealth be Distributed Evenly?

It’s because of you that anybody possesses
Anything radiant or beautiful or pleasing to mankind.
It’s all from wealth that these things stand.

—Chremylus talking to Plutus, the God of Wealth in Aristophanes’ Plutus (Wealth)

Wealth is a subject on the minds of many. To say that wealth is desirable is about as obvious as a statement can be. As I tell my students if they object, if you have a lot of wealth, you can always give it to your favorite charity (the publisher of Public Discourse, obviously). Yet for something so universally desired, wealth generates a lot of controversy. Why? In this and succeeding essays, we will isolate the aspects of the wealth debate in order to figure this out.

Much of the perennial controversy surrounding wealth is about the way it’s distributed. What is the proper distribution of wealth in a society? Would a random distribution be acceptable? If you casually ask people, there are two popular answers: 1) distribute it equally and 2) distribute it to whoever earned it. Which one is just? It is amazing how quickly discussions of this matter revert to the oft-debated: “Capitalism: Good or Evil?”

But, this discussion of capitalism is a red herring. Aristophanes, the fifth-century-BC comic Greek playwright, devoted an entire play to the matter. This play was written roughly two thousand years before there was anything that anyone would describe as a capitalist economic system, but the issues in the play about just distribution of wealth remain relevant today. Understanding this question of wealth distribution seems essential to building a good society, regardless of how its economy is organized.

Read the rest at Public Discourse

Imitating Captain Kirk

“This disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect, persons of poor and mean condition, though necessary both to establish and to maintain the distinction of ranks and the order of society, is, at the same time, the great and most universal cause of the corruption of our moral sentiments.”

More than 250 years later, Adam Smith’s observation from The Theory of Moral Sentiments is still a constant refrain in discussions of culture. The Culture War, which seems to be always with us, finds its fuel in exactly this corruption of our moral sentiments. Some rich or powerful person engages in yet another violation of long established community norms and the commentators come out of the woodwork declaring the end of civilization. People want to keep up with the Kardashians because they are so young and beautiful and rich, but what happens when they turn into objects of worship?

The solution? It seems obvious to many commentators that we need to tear down the corrupt moral culture and insist that people follow a better set of cultural norms. The strategy is frequently wholesale attacks on contemporary culture. If only we could prove to the population at large that the cultural norms of their objects of worship are terribly degrading to human soul. Perhaps an even stronger denunciation will finally get through to people.

But, as Smith goes on to note, the problem is deeper than the culture warriors want to admit.

It is from our disposition to admire, and consequently to imitate, the rich and the great, that they are enabled to set, or to lead, what is called the fashion. Their dress is the fashionable dress; the language of their conversation, the fashionable style; their air and deportment, the fashionable behaviour. Even their vices and follies are fashionable; and the greater part of men are proud to imitate and resemble them in the very qualities which dishonour and degrade them.

The admiration people have for the rich and great leads them to want to imitate their style and behavior. It is not, however, only the dress or language which people imitate, it is also their vices and follies. People are proud to imitate even the most degrading aspects of their behavior.

If Smith is right, then it is no wonder that the attacks on popular culture have so little impact. It does no good to tell people that the acts of the rich and famous are degrading if people are proud to imitate those acts even though they are degrading. The desire to imitate the successful runs deep in human character. As reading Smith makes clear, this is not a modern phenomenon; it seems to be a constant in human behavior.

What then can be done? Captain Kirk has an answer. 

Read the rest at AdamSmithWorks

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The Cult of Heinlein

“Philosophically, just one line of ink can make a different universe as surely as having the continent of Europe missing. Is the old ‘branching time streams’ and ‘multiple universes’ notion correct? Did I bounce into a different universe, different because I had monkeyed with the setup?”

The Door Into Summer by Robert Heinlein raises that question.

It does not even attempt to answer that question.

Therein lies a tale.

Let’s begin on a positive note! If you are looking for a lightweight, easy-reading romp-through-time sort of book, the type of book you read on a lazy Thursday evening or Saturday afternoon, then pick up a copy of The Door Into Summer. If you like time travel books with quirky oddities about an imagined future, then this book is right up your alley. If you want one of those science fiction books that are fun as long as you put it out of your mind right after reading it, this book is great. If you want so see someone writing in 1957 and predicting Roomba, you have come to the right place.

All of the previous paragraph is genuinely meant positively. Sometimes you just want an easy reading book like you want a glass of lemonade on a hot day. You don’t analyze the lemonade, you just enjoy it because it is the right drink at the right time.

But, if you read it and start, you know, thinking about it, the joy will dissipate quickly. So, why has this book been republished as part of a series called “SF Masterworks”? Cover blurb? “One of the most readable books in the world…short, fast and deeply enjoyable.” Why are there similar breathlessly positive reviews all over the internet about this book? Indeed, of all the cotton candy science fiction written in the late 1950s, why is this one still in print? Because Robert Heinlein wrote it.

Heinlein is one of those authors who has a fan base that is rabid. He is near Ayn Rand levels of rabidity. That comparison is apt. Nobody reads and adores Ayn Rand because she was a masterful storyteller with impeccable prose. She wasn’t. People love Rand because she writes long, easy reading novels which validate a particular strain of libertarian thought. If you are young with libertarian leanings, you read Rand and then if you want to maintain your street cred, you tell everyone how great her novels are.

Heinlein is another “rational anarchist” novelist. If you like his politics, you are required to praise his novels. To say otherwise means you are one of those…insert shudder…communists.

Unlike Rand, however, Heinlein is actually a good novelist. He writes well and he actually says things besides “Freedom is Excellent.” But it is important to note, at his very best he is good, not truly great. If you like the genre, his best novels are well worth reading. If you are not an aficionado of science fiction, there are better places to embark upon the journey into the genre.

The Door Into Summer is not one of his best novels. Not even close. Any high praise you hear about this story is simply the aura of Heinlein leaking into the review.

Start with the time travel. The plot hinges on a time loop. Near the outset of the story, our hero Dan Davis goes forward in time via the Long Sleep. Then he goes back in time to right after he went forward in time. Then he goes forward in time to right after he went backward in time. Everything is all wrapped up in a tidy little ball of happiness. Then he ruminates about time travel—see the quotation at the outset of this blog post. Then the novel ends without bothering about how that time travel question can be answered. Alas, in order to make any sense of the story, that time travel question needs to be answered. Heinlein obviously knew the story was internally incoherent, so he added the bit in which Dan acknowledges he can’t make any sense about how this whole thing could possibly have worked.

The problem is that rather than work out the details, Heinlein just cheats. The Long Sleep is purely forward travel and isn’t really time travel at all. The body gets put into some sort of suspended animation and then is awakened at some future date. It’s simply Rip van Winkle. Sleep for a long time and wake up in a strange new world. Nothing wrong with that; it can make for an entertaining story as the hero discovers the oddities of the future.

But, after the Long Sleep, (take a deep breath), Dan wants to go back in time and suddenly we find out there was a secret government program that invented backward time travel, but it didn’t get used all that much before the whole thing was shut down, but fortunately the guy who invented the backward time travel machine is still alive, though retired, and even more fortunately the university at which he worked kept his lab intact, and even more fortunately the time machine still works, but alas, it is impossible to know if the object or person about to embark on time travel using this machine will go backward or forward in time, but that doesn’t matter to Dan, so then, in the most improbable part of the book, Dan convinces the old inventor of the time machine to send him off by taunting the old fellow that the machine never really did work, and so the old inventor gets annoyed and Dan gets a free trip in time, which mirabile dictu, sends him backward instead of forward in time.

Then, to go back forward in time, Dan just heads to a place offering the Long Sleep.

The whole backward time travel part comes out of nowhere, just suddenly tossed into the novel in an off-hand manner to allow Dan to go back in time without creating any wonder about why lots of people don’t go back in time. That’s cheating, but I can live with cheating on that scale.

Where the story becomes intolerable: why does Dan decide to go back in time after he went forward in time? And why was Dan not worried that the machine might just send him further forward in time? (Are you sure you are ready for this?) While in the future, Dan discovered that he had done things in the past after he went into the Long Sleep, so he knew he went back in time, which means not only that it was possible to go back in time, but that he had done it. Right there, we have a massive problem. If the only reason Dan went back in time was because he knew he went back in time, then how did he go back in time in the first place? One might think that a noted science fiction author might be interested in that question in a novel about time travel that he was writing. Instead, Heinlein lazily ends the novel with Dan stating he has no idea how that all could possibly have worked.

After that you can toss in a few other odd bits. Dan goes back in time while he is in a laboratory, but the laboratory wasn’t around back when Dan was originally alive, so when he goes back he finds himself in a nudist colony. Why? Who knows? Fortunately the naked couple who finds Dan clothed in the nudist colony is not as horrified as they say all the other nudists would be and so they are able to convince Dan to take off all his clothes so he won’t get thrown out of the nudist colony and even more fortunately the naked guy is a lawyer who is able to help Dan with all sorts of the tricky legal matters time travel requires Dan to solve.

Yeah, the nudist colony bit is weird, but that touches on one of the obsessions (see Stranger in a Strange Land…) which the Reader must ignore to pleasantly read Heinlein. It is a bit harder to ignore another example of Heinlein’s obsession in this novel, however. One of the reasons for Dan to go back in time was to arrange for his love interest to also take the Long Sleep so that Dan and his love interest can live happily ever after in the future. His love interest is 12 years old. Ah, but he convinces her to wait six years before going to sleep, so then in the future he can spend his evenings with the 18 year old version of his 12 year old love interest, so that makes everything OK.

Like I said, just don’t think about it, and the book is a nice read. But, when you hear someone praising it as one of the greatest science fiction books of the 20th century, ask if you can see their membership card for the Heinlein Radical Anarchist Society.

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Do The Eloi And Morlocks Trade?

“I grieved to think how brief the dream of human intellect had been. It had committed suicide.”

That is the traveler in H.G. Wells’ The Time Machine. Leaping forward in time, the traveler discovers a world in which the pastoral Eloi are living lives of rustic comfort, eating the fruit of the land with nary a bit of toil or sweat. Meanwhile, the terrifying Morlock, using vast machines to provide air to their subterranean lair, venture forth under the cover of darkness to feast on the Eloi.


Wells’ earth of the future is a rather unattractive place. That is, after all, his intention. As is his wont, Wells uses this science fiction tale to moralize about the evil economic system in Britain in 1895. Enraptured by the ideas of the Social Darwinists, Wells’ sets his mind wandering over how both humans and society will evolve in the global survival of the fittest. One of the most well-known socialists of his age, Wells unsurprisingly imagines a future where the lifestyle of the rich become ever more indolent and the wretched poor are gradually forced out of sight into the underground to work the machines. The Morlocks eating the Eloi is little more than a morbid revenge fantasy. A century and a quarter later, it is rather obvious Wells’ Social Darwinist predictions were comically wrong.

He should have known better.

Read the rest at Adam Smith Works

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