The Roots of Free Enterprise

The Roots of Free Enterprise

I am looking forward to two recently relased books that currently reside on my nightstand: Land: How the Hunger for Ownership Shaped the Modern World by Simon Winchester, and Religion and the Rise of Capitalism by Benjamin M. Frieman. If they share any qualities, they both take the long view that examines how fundamental perceptions and motives shaped modern thought about economics and the roots of free enterprise. I can’t wait to read them both.

From the publishers:

Land: How the Hunger for Ownership Shaped the Modern World. “Land—whether meadow or mountainside, desert or peat bog, parkland or pasture, suburb or city—is central to our existence. It quite literally underlies and underpins everything. Employing the keen intellect, insatiable curiosity, and narrative verve that are the foundations of his previous bestselling works, Simon Winchester examines what we human beings are doing—and have done—with the billions of acres that together make up the solid surface of our planet.

“Land: How the Hunger for Ownership Shaped the Modern World examines in depth how we acquire land, how we steward it, how and why we fight over it, and finally, how we can, and on occasion do, come to share it. Ultimately, Winchester confronts the essential question: who actually owns the world’s land—and why does it matter?”

Religion and the Rise of Capitalism. “Critics of contemporary economics complain that belief in free markets–among economists as well as many ordinary citizens–is a form of religion. And, it turns out, that in a deeper, more historically grounded sense there is something to that idea. Contrary to the conventional historical view of economics as an entirely secular product of the Enlightenment, Benjamin M. Friedman demonstrates that religion exerted a powerful influence from the outset. Friedman makes clear how the foundational transition in thinking about what we now call economics, beginning in the eighteenth century, was decisively shaped by the hotly contended lines of religious thought within the English-speaking Protestant world. Beliefs about God-given human character, about the after-life, and about the purpose of our existence, were all under scrutiny in the world in which Adam Smith and his contemporaries lived. Friedman explores how those debates go far in explaining the puzzling behavior of so many of our fellow citizens whose views about economic policies–and whose voting behavior–seems sharply at odds with what would be to their own economic benefit. Illuminating the origins of the relationship between religious thinking and economic thinking, together with its ongoing consequences, Friedman provides invaluable insights into our current economic policy debates and demonstrates ways to shape more functional policies for all citizens.