Sacred Economics: Money, Gift, and Society in the Age of Transition

The financial crisis we are facing today arises from the fact that there is almost no more social, cultural, natural, and spiritual capital left to convert into money.

The more monetized society is, the more anxious and hurried its citizens. In parts of the world that are still somewhat outside the money economy, where subsistence farming still exists and where neighbors help each other, the pace of life is slower, less hurried. In rural Mexico, everything is done mañana. A Ladakhi peasant woman interviewed

We have bigger houses but smaller families;

more conveniences, but less time;

We have more degrees, but less sense;

more knowledge, but less judgment;

more experts, but more problems;

more medicines, but less healthiness;

We’ve been all the way to the moon and back,

but have trouble crossing the street to meet

the new neighb

When we must pay the true price for the depletion of nature’s gifts, materials will become more precious to us, and economic logic will reinforce, and not contradict, our heart’s desire to treat the world with reverence and, when we receive nature’s gifts, to use them well.