The term economic justice has been called an oxymoron, an inherently contradictory phrase. The study of economics—sometimes called "the dismal science"—seems totally divorced from moral analysis. This "soft" science deals with a world of hard data and difficult choices. Since the time of Adam Smith, it has been said that "if all the economists in the world were placed end to end they wouldn't reach a conclusion." At this juncture, however, we must arrive at some economic conclusions, lest the United States evolve into a nation at war with itself.
The secularization of the Western world has resulted in a level of specialization that places economic analysis in the hands of one group of experts and moral analysis in the hands of another. To be sure, economics and ethics seem strange bedfellows. The quantification of economics now dominates normative inquiry. I recently heard a professor at the University of Rochester's Simon School of Business Management lecture on the economics of health care. At one point, he made an unflattering comparison between the Canadian and U.S. health systems. I asked him how the 44 million uninsured
Americans fit into the equation. He demurred, saying that this was a policy question, as if economists live in an abstract world, somehow apart from (and perhaps above) the decisions that affect the lives of real people. In The Power of Myth, Bill Moyers shares the philosophy of the late Joseph Campbell about the values that mark a society:
[There was] a time when . . . spiritual principles informed the society. You can tell what's informing the society by what the tallest building is. When you approach a medieval town, the cathedral is the tallest thing in the place. When you approach an eighteenth century town, it is the political palace that's the tallest thing in the place. And when you approach a modern city, the tallest places are the office buildings, the centers of economic life.... That's the history of Western civilization.
Bill Gates, co-founder of Microsoft and the world's richest man, clearly finds that religious activity does not measure up to economic activity. Gates is quoted in a 1998 issue of The Christian Century as saying, "Just in terms of allocation of time resources, religion isn't very efficient. There is a lot more I could be doing on a Sunday morning." And so, at the beginning of this new millennium, it is not poets but entrepreneurs who are the unacknowledged legislators of the world.