Which World? Lecture Six

This post offers a shorter summary of Professor Kathryn Tanner’s final lecture, after which I have invited three contributors to help us conclude the series: Professor David Fergusson will offer his ‘vote of thanks;’ Dr. Lydia Schumacher will contribute her statement from the New College Giffords seminar; and a postgraduate student, Rev. Russell Almon, will engage with the content of this final lecture. As always, I would welcome your own comments, either on this particular lecture or on the series as a whole. The lecture video is available at this link.

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Kathryn Tanner begins her final lecture by reiterating her intent for this series, namely, to dissociate Protestant Christianity from the new work ethic of finance-disciplined capitalism. To this end, she challenges the moralising and individuating effects of the new spirit of capitalism. Tanner cites examples such as performance pay, in which individuals are singled out through competition, and state welfare provision, in which people are appraised on the basis of future benefits they might provide society (rather than as part of a class, say). In these ways, finance capitalism places one in a competitive relationship with others, a dynamic that extends to more and more people with increasingly direct forms of rivalry. Even so, one remains dependent, for the ability to profit depends in ‘an unusually intense way on others,’ that is, whether they buy or decline to buy (so long as their choice is not ahead of your own!). Continue reading

Introducing the New Spirit of Capitalism: Lecture One

We had a lively opening Gifford lecture with Professor Tanner at the Business School tonight! If you missed it, you can review the ‘live’ rendition at the Twitter hashtag #GiffordsEdAlso, as of Wednesday, May 4th, the lecture video has been available at this linkFor this and subsequent discussion threads, consider responding to the following questions:

  • Is there a technical term, from either economics or theology, that you’d like to hear clarified? Professor Tanner has already covered a lot of ground and this is a good place to define our terms.
  • How does finance-dominated capitalism, as Tanner described it and you experience it, differ from the industrial capitalism that was the subject of Weber’s critique?
  • What element of Tanner’s proposed ‘Protestant anti-work ethic’ would you like to hear elaborated in the lectures to come?

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To get us started, Melanie McConnell, a postgraduate student from New College, has posted some thoughts in our reply section. I’ve also heard some interest about how capitalism shapes our current institutions of higher education, both in the final question of tonight’s Q&A and through comments on social media. To join the thread, see my post on how to offer a comment.
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