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Psyche

Dr. Richard Boothby: The Sacred & Money

May 8, 2023
Dr. Richard Boothby, a professor of philosophy at Loyola University Maryland and author of 'Blown Away: Refinding Life After My Son's Suicide', explores fascinating topics on the sacred and money. Topics include Freud & Lacan's perspective on das Ding, the development of religion, the human economy vs the market economy, and the symbolic value of money.
01:28:48

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The transition from the human economy to the market economy shifted the focus from gifting and maintaining social bonds to monetary exchange and individual freedom, severing personal relationships.
  • Money in the market economy creates the illusion of individual freedom while masking the exploitation of low-wage workers and disconnecting individuals from their interconnectedness and interdependence with others.

Deep dives

The Human Economy and the Market Economy

The podcast explores the transition from the human economy to the market economy and its impact on the concept of freedom. In the human economy, exchange was based on gifting, honoring relationships, and acknowledging status. It required individuals to second-guess the unknown in others and maintain ongoing social bonds. However, in the market economy, the focus shifted to monetary exchange based on bartering or purchasing goods. This atomized social sphere prioritized individual freedom, but it also severed personal relationships. Money played a crucial role in this transition, creating an illusion of self-sufficiency and isolating individuals from one another.

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