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Well it turns out all PEPYS IS EQUALLY GOOD. The reason? This man loved life and said so, with great enthusiasm, and at the same time was a conscientious and effective(not always right or wise) public servant. This startling mix, in the end makes him seem a completely modern person. Fascinating.
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The historical section of Dorner's essay is rendered particularly delightful from the fact that he not only discusses such prominent figures as Augustine, Aquinas, and Scotus, but also lesser known protestant Scholastics, such as Quenstedt and Gerhard, as well as the acute 17th century Socinian, Conrad Vorst. This alone makes the book a treat for anyone interested in little explored aspects of the history of theology.
All in all this essay is a profound meditation on some of the most difficult and central aspects of Christian theology. I cannot recommend it highly enough. The translation itself is fluid and very readable, and the book is prefaced by a penetrating discussion, by Robert Williams, of Dorner and of the content of this essay. My only criticism is directed at the cheap book binding process that Fortress Press currently employes. I have only had this book for a little over a year, have not subjected it to any unusual sorts of stress, and yet every page of it is now loose from its back. The same thing has happened, in short order, to all the paper back books I possess published by Fortress Press. It is unfortunate that a translation this good of an essay this great should be treated in so shabbily by Fortress Press. So great a Lutheran Father as Dorner deserves better from a press devoted to preserving and furthering the Lutheran heritage.
The solution of the authors is government intervention in the economy and a re-evaluation of the public sector, although they recognize that Keynesianism was and is not perfect: it was unable to present a coherent theory of inflation; it failed to include a concept of stagflation; and its treatment of the money supply could lead to inflation.
But in fact, the US government intervenes already heavily in the economy, but for the authors not in the right sector: defence.
This book, written in 1995, contains already the central proposition of 'The Silent Takeover' by Noreena Hertz: "On a wold wide scale, this internationalization of finance seriously limits the ability of advanced nations to carry out domestic fiscal and monetary policies that are not compatible with the "will" of a stateless world financial market." (p.120)
Their world vision was correct, but too timid: "On a still lager front, world population growth threatens to bring another billion people into existence within a generation, raising the spectre of large immigration pressures for the advanced world ... Ecological problems ... the forces of ethnic and nationalist unrest ... together with sporadic terrorism." (p.120-121)
It is evident that the above mentioned problems can only be resolved by political intervention. The proceeds of the successes of the market economy can only be redistributed or guided by political decisions, by politicians, not by, but with the help of, economists. The problem is that no international authority has enough power to impose his decisions unilaterally on national states.
Ultimately, the decisions lay in the hands of the voters. If a majority votes for a certain direction, the political authorities have to follow, otherwise they will loose their mandate.
This is a thought provoking book.