By S. Wagner-Tsukamoto
This e-book bargains a thorough new method of forthcoming the previous testomony. Sigmund Wagner-Tsukamoto argues that rational, institutional and constitutional fiscal classes should be derived from the previous testomony, with functions to social clash and determination. The booklet means that this non secular textual content additionally expected many smooth monetary advances.
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Extra resources for Is God an Economist?: An Institutional Economic Reconstruction of the Old Testament
Sample text
Institutional economics models cooperation dilemmas as a nonzerosum game, that means it models a scenario in which all agents lose The Economic Approach to Reconstructing the Bible 27 because of self-interested choice, despite the possibility that all could gain if only cooperation succeeded. In a dilemma structure, selfinterested, rational choice of the individual seems to maximize own gains but actually results, because of the rational choice reaction of others, in mutual loss. The prisoner’s dilemma and the commons dilemma are classic illustrations (Hardin 1968: 1244–6; Luce and Raiffa 1957: 94–7; see also Wagner-Tsukamoto 2003; Hardin 1996; Maskin 1994; Libecap 1989; Brennan and Buchanan 1985).
Regarding its general approach, my reconstruction of the Old Testament proceeds in rational, institutional economic terms. This is compatible, in degrees, with so-called revisionist theological approaches to Old Testament studies. Revisionist, theological studies identify narrative art as the foundation of biblical storytelling. Basically, the present study applies institutional economics as ‘narrative art’ to the Old Testament (see also Brett 2000: 58). Ideas of research heuristics and of research approach come close to what a more literature-oriented genre terms narrative impulse or narrative art (Wagner-Tsukamoto 2003; Wagner 1997).
1. Social philosophy has conceptualized and discussed the idea of societal contracting at least since Hobbes. g. Buchanan 1975: 23–8, 130–46). The key analytical question here is: ‘Might existing institutions conceptually 22 Is God an Economist? ’ Societal contracting, as set out by the contractarian, constitutional economic paradigm, then tests alternative sets of incentive rules for organizing social order: Whether the contractarian paradigm is applied at the level of simple exchange, within the constraints of well-defined rules, or at the most basic constitutional level where institutions themselves are the objects upon which agreement must be reached, or at any intermediate level, the emergent results of the trading process are properly summarized as a set of optimal solutions, each one of which represents a possible outcome and none one of which dominates any other in the set.