Posts tagged with: Atlantic magazine

Give and Take: A Revolutionary Approach to SuccessWhen discussing economics, we frequently encounter the zero-sum fallacy: the notion that the economic pie is fixed, that there is always a winner and a loser, and that, for someone to grow rich, another must become poor.

Yet in a market wherein rule of law, contracts, and property rights are properly established, the pie will surely grow. We are not static balls of flesh nestled comfortably in a static universe. We are spiritual beings made in the image of a creative God, and mutual trade and exchange help accelerate our efforts to create and collaborate alongside our neighbors. As Jay Richards notes, the uniqueness of the human person feeds into how economic value is actually determined.

But although we typically discuss the errors of such thinking in matters of basic material exchange, we should note that such a fallacy can just as easily filter into our broader social and spiritual activities in the workplace. Such limited thinking can trap us in a sort of self-centered tunnel vision, whether with our clients, co-workers, or competitors, leading us to assume that success cannot come if we allow any wiggle room for generosity, whether in basic service, various collaborations, or even end-game negotiations.

In an article for The Atlantic, Emily Esfahani Smith touches on these themes by highlighting a new book, Give and Take: A Revolutionary Approach to Success, wherein organizational psychological Adam Grant seeks to challenge such zero-sum thinking, arguing that by having a fuller, more healthy perspective of mutual gain, we can move forward together toward a more productive, more fulfilling economic and social environment. (more…)

While there is much to applaud in the Center for Public Justice and Evangelicals for Social Action’s “A Call for Intergenerational Justice,” the lack of discussion of the problem of economic growth is troubling. I believe Don Peck is correct when he writes in The Atlantic:

If it persists much longer, this era of high joblessness will likely change the life course and character of a generation of young adults—and quite possibly those of the children behind them as well. It will leave an indelible imprint on many blue-collar white men—and on white culture. It could change the nature of modern marriage, and also cripple marriage as an institution in many communities. It may already be plunging many inner cities into a kind of despair and dysfunction not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years.

The only solution here seems to be economic growth. And while tackling the staggering problem of the debt is an integral component to ensuring the younger generation gets a fair shot to succeed the first and most pressing issue is employment itself. There is little in ‘A Call for Intergenerational Justice’ that takes this challenge seriously as it calls for cuts in programs (Such as military spending and business subsidies) which do create jobs for many Americans. This is not to say that these cuts should be taken off the table but rather that there needs to be an acknowledgement that these cuts will also affect Americans negatively and may, in the short term at least, add to the ranks of the poor in America.

These are not easy questions to answer but I believe that any solution to the question of intergenerational justice must begin with the question of economic growth. We need solutions that empower entrepreneurs, invigorate the private sector, and accelerate economic growth informed by an understanding of the role of markets and free enterprise.