Thomas Piketty’s new book, Capital in the Twenty-First Century, has created quite the stir, and with its overwhelming size (700 pages) and corresponding array of commentaries and critiques, it’s tough to know where to start.
Cutting through such noise, Russ Roberts provides his usual service on EconTalk, chatting one-on-one with Piketty about the key themes, strengths, and weaknesses of the book. The interview is just over an hour, and I encourage you to listen to the whole thing.
Piketty lays out his argument quite concisely in the beginning, followed by a fruitful back-and-forth led by Roberts. For those who aren’t aware, the book chronicles a recent rise in economic inequality, wherein, by Piketty’s account, wealthy elites sit on their stashes while those at the bottom increasingly struggle to keep pace. His solution: Tax, baby, tax.
In response to such an approach, there are many areas to poke and prod, but Roberts zeroes in on one of the more fundamental and overarching questions: What about those who accumulate their wealth by helping those at “the bottom”? (more…)
Mothers who have achieved success in corporate America are often asked how they balance the demands of child-rearing with those of their careers, and understandably so.
Fathers, on the other hand? Not so much.
The demands of motherhood are significant, to be sure, particularly during pregnancy and the early stages of child development. But given that men have continued to assume more responsibilities in the home, in conjunction with a modern influx of women in the workplace, one would hope that we might begin to hear such questions asked of successful men.
* I have 3 wonderful kids at home, aged 14, 12 and 9, and I love spending time with them: skiing, cooking, playing backgammon, swimming, watching movies or Warriors or Giants games, talking, whatever.
* I am on pace to fly 300,000 miles this year, all the normal CEO travel plus commuting between Palo Alto and New York every 2-3 weeks. During that travel, I have missed a lot of family fun, perhaps more importantly, I was not with my kids when our puppy was hit by a car or when my son had (minor and successful, and of course unexpected) emergency surgery.
* I have an amazing wife who also has an important career; she is a doctor and professor at Stanford where, in addition to her clinical duties, she runs their training program for high risk obstetricians and conducts research on on prematurity, surgical techniques, and other topics. She is a fantastic mom, brilliant, beautiful, and infinitely patient with me. I love her, I am forever in her debt for finding a way to keep the family working despite my crazy travel. I should not continue abusing that patience.
Friends and colleagues often ask my wife how she balances her job and motherhood. Somehow, the same people don’t ask me.
A few months ago, I decided the only way to balance was by stepping back from my job.
Television is often lamented for its propensity to exaggerate the mundane and the ordinary. Yet when it comes to something as routinely downplayed and unfairly pooh-poohed as our daily work—the “rat race,” the “grindstone,” yadda-yadda—I wonder if television’s over-the-top tendencies might be just what we need to reorient our thinking about the broader significance of our work.
As I’ve argued previously, we face a constant temptation to limit our economic endeavors to the temporal and the material, focusing only on “putting in our 40,” working for the next paycheck, and tucking away enough cash for a cozy retirement. Whether we know it or not, plenty of transcendent activity is also taking place in such efforts, whether through our service, creativity, productivity, collaboration, relationship-building, or plain-old ordinary exchange. How we think about the greater significance and spiritual potential of our efforts is bound to impact how we behave in our daily efforts, either pushing us in the direction of earthbound toil or unleashing us further toward transcendent ends.
If, as Lester DeKoster puts it, work is the “meaning of our lives,” whether we’re scrubbing toilets or selling high-priced widgets, it would seem that such a striking and all-encompassing reality deserves at least a little drama. Thus, below is a select list of my favorite TV shows that draw out some of these features (some more sincerely and effectively than others). None are “Christian” in any explicit sense, and each involves its own share of tasteless theatrics and contrived scenarios, but each nevertheless illuminates some untold truths about the significance of our work beyond the merely material.
(Tip to producers: Add a concerted focus on the will of God and the power of the Holy Spirit to any one of these shows, and that Emmy is a shoo-in.)
5. Dirty Jobs
Dirty Jobs host Mike Rowe is passionate about “celebrating hard work and skilled labor,” and by trying his hand at some of the dirtiest jobs in the land, from coal miner to sewage sifter to animal-husbandry parts-grabber, he has drawn enormous attention to some of the less celebrated and most essential jobs around. Each has its own unique requirements and pay scale, but plenty of Rowe’s undertakings involve manual labor that we might be tempted to label “undignified” or “dehumanizing.” Yet even the persistently cheery Rowe—who is surely well paid for his toil—is rarely able to outdo the positive attitudes of these workers. These are folks who ooze with passion, pride, and an acute awareness of the pressing needs they are meeting in their local communities and society at large. (more…)
Forbes recently ran a profile of Christian billionaire and Hobby Lobby CEO David Green. According to Forbes, Green is “the largest evangelical benefactor in the world,” giving “at upwards of $500 million” over the course of his life, primarily to Christian ministries.
Yet, for Green, his strong Christian beliefs don’t just apply to how he spends his wealth; they’re integral to how it’s createdin the first place:
Hobby Lobby remains a Christian company in every sense. It runs ads on Christmas and Easter in the local paper of each town where there’s a store, often asserting the religious foundation of America. Stores are closed on Sundays, forgoing revenue to give employees time to worship. The company keeps four chaplains on the payroll and offers a free health clinic for staff at the headquarters–although not for everything; it’s suing the federal government to stop the mandate to cover emergency contraception through health insurance. Green has raised the minimum wage for full-time employees a dollar each year since 2009–bringing it up to $13 an hour–and doesn’t expect to slow down. From his perspective, it’s only natural: “God tells us to go forth into the world and teach the Gospel to every creature. He doesn’t say skim from your employees to do that.”
Economists have increasingly recognized the ways in which healthy stewardship and property rights are linked—how increased ownership leads individuals to weigh costs and benefits more thoughtfully and effectively. Green’s comments add a slight twist to this approach, calling Christians in particular to reconsider who the “owner” actually is and how we might weigh particular costs/benefits and subsequent action accordingly: (more…)