Chesterton and Schumacher on Ethics and Economics
I have been on a Chesterton kick lately after I found Eugenics and other Evils in my podcast app as a free audiobook. And then I finally got from the library Schumacher's Small is Beautiful: Economics as if People Mattered . I am only no chapter two, but lets start there. He quotes the famous Lord Keynes. Schumacher tells us that in 1930, during a time of world-wide economic depression he felt moved to speculate on the "economic possibilities for our grandchildren" and "concluded that the day may not be far off when everybody would be rich." I see us free, therefore, to return to some of the most sure and certain principles of religion and traditional virtue – that avarice is a vice, that the exaction of usury is a misdemeanour, and the love of money is detestable, that those walk most truly in the paths of virtue and sane wisdom who take least thought for the morrow. We shall once more value ends above means and prefer the good to the useful. But he con...