« 7 Amazing Ways Nanotechnology Is Changing The World | Main | The Long Story of U.S. Debt, From 1790 to 2011, in 1 Little Chart »

Nov 15, 2012

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451b14d69e2017d3db47a18970c

Listed below are links to weblogs that reference I, Pencil - The Movie:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

NKR

As Christians, I think it is important to identify the half truths wrapped up in the advocacy at the end of the video. "It gets better every day as long as we are free to interact with each other." Perhaps this is true according to some economic theory, but *who*, exactly does it get better for? Everyone? The already-wealthy? Are there legitimate trade offs for others well-being via our "free" interaction? (I put free in quotes because the cost is another's well-being). All important questions to consider before digesting such a video. In my opinion, it is easy to get lost in the glamor of innovation without considering the impact on "the least of these."

Michael W. Kruse

NKR, are you saying weren't enraptured into a mystical experience at the end of the video? ;-) Yes, the CEI video is pretty good until the end with the invisible hand and the mysticism.

Markets are amazing. There is no other system yet devised that provides the real-time interaction of supply and demand generated by countless faceless people as they interact with one another. Our lives would be seriously diminished without them. But markets are not the quasi-deities some make them out to be. (And Adam Smith would be perplexed at how the invisible hand metaphor he mentioned twice in passing while writing "The Wealth of Nations" has taken on mystical qualities and become the organizing principle for some economists.)

Pope John Paul II said that poverty at is core is exclusion from networks of productivity and exchange. Any just society has to find ways bring everyone into economic community and provide for those who simply can't participate. I think that means strong face-to-face communities where people care for each other, supplemented by larger societal structures. The temptation is to expand from a market economy into a market society, where everything is engulfed in market mechanisms. After the first of the year I hope to do a series of posts based on Michael Sandel's book, "What Money Can't Buy," offering some case studies that help us think about when markets are appropriate and when they are not.

NKR

Markets are indeed amazing, as are their failures (say, the housing bubble).

I think there is good evidence from the agent-based modelling science to support the need for strong face-to-face communities as a means to solving social issues, such as poverty. Protecting the weak amidst the dominant is, of course, a key role of that larger social structure.

I look forward to reading your Sandel commentary. Along with Pete Singer, I find his questions to be incredibly thought-provoking- an important voice, especially as technology speeds up interaction among actors (with big supply and demand ramifications). Along with the theory and case studies, I hope to see some data that teases out the effectiveness of ideas. It seems both Pencil and Smartphone would rather not go there.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comment Policy

Categories

Your email address:


Powered by FeedBlitz

Follow Me on Pinterest

Check It Out

Kruse Kronicle on Kindle

Friend of Missional

Clock