Gifford Lectures (audio) Prof. Kathryn Tanner - Christianity and the New Spirit of Capitalism
Jun 1, 2018
In this enlightening discussion, Prof. Kathryn Tanner, Marquand Professor of Systematic Theology at Yale Divinity School, delves into the interplay between Christianity and capitalism. She critiques Weber's thesis, suggesting that rather than supporting capitalism, Christian teachings could challenge its dominance. Tanner defines finance-dominated capitalism, explores its cultural implications, and highlights how it requires self-discipline from individuals. She advocates for a Christian counter-narrative to reframe the relationship between work and well-being, offering hope for radically different futures.
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Religion Shapes Conduct, Not Just Doctrine
- Kathryn Tanner adapts Weber's method: religious beliefs shape practical conduct rather than only official teachings.
- Religious ideas function as 'switchmen' steering actions by creating psychological sanctions tied to salvation.
Finance Dominates Profit And Activity
- Contemporary capitalism is finance-dominated in profit-source, activity volume, and cultural influence.
- Finance can detach from production and generate outsized profits through volatility and leverage.
Money Multiplies Via Repackaging And Expectation
- Secondary markets and derivatives let money multiply independently of real production through repackaging and rapid trading.
- Prices on secondary markets often decouple from corporate fundamentals via expectation-driven demand.
