De-Mythologizing the Myth of Economism
May 2017: Economics and Sanctification (Volume 17 Issue 3)
Economism is a myth that requires demythologizing. Economist and ecologist Richard Norgaard insightfully describes economism as a secular religion at whose altar American society and many other societies worship. Economism is the free-market ideology that has so imprisoned the American mind that it can no longer address the urgent matter of climate change. Economism is an idolatrous religion that is leading the planet to destruction. This article augments Norgaard’s treatment of economism by calling it a myth and then offering a prophetic critique in the form of demythologizing, or better, demythicizing. Only by demythologizing the myth of economism can the church speak to the larger society’s responsibility to care for the poor and the planet in light of a vision of the common good.