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The Gospel of Wealth by Jim Chaffee

In economics, education, government, North America, politics, society on March 21, 2013 at 12:49

From: The Gospel of Wealth: towards a new generation of American consumership by Jim Chaffee, nthposition online magazine, http://www.nthposition.com

Economics and Finance for the American Way of Life is a textbook for a mandatory full year Texas public school course at the end of middle school. It was deemed necessary at this level because this is the age when students take their place among the ranks of their adult peers as consumers, with credit cards and cell phones and online shopping and as soon to be de facto owners of automobiles. Furthermore, fully thirty percent of the students in Texas will not advance beyond this level of education.

As this implies, The Economy is the center of the text. Each nation, state, county, city and family has an Economy which must be appeased and cajoled. The duty of every citizen is to cultivate his or her Personal Economy from an early age as this will become the Family Economy, an amalgamation of husband’s and wife’s Economies upon marriage. They hint that there is not only a Global Economy, but in fact a Universal Economy which must be appeased by financial experts who are trained to intercede with the individual’s Personal Economy through the higher Economies. (Makes you wonder what would happen if another country got an ATM on the moon first.) Some university departments such as the Stanford department which consulted on this text specialize in training analysts adroit in intercession on behalf of institutions larger than the individual, such as banks and corporations, while such intercession at the national level is mostly left to economists. In general, the role of the financial engineer (or analyst), which includes MBAs, is to intercede with different Economies on behalf of the people, including through institutions, while the duty of the economist is to interpret the will of The Economy at varying levels.

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Reposted with permission from: nthposition

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