He Remembers We Are But Dust

Your people, whom you brought up out of the land of Egypt, have corrupted themselves;

they have turned aside quickly out of the way which I commanded them.  Exodus 34:7-8

Last week, the University of Chicago’s Richard Thaler was awarded the Nobel Prize in economics.  Thaler will go down in history as the man who slew homo economicus. 

If it’s been awhile since Econ.101, you might not remember that homo economicus was that mysterious creature that sprung fully formed from the brain of classical economists: the person who made all his decisions based on careful calculation and enlightened self-interest.  Homo economicus would plan carefully for retirement by setting aside savings early to benefit from compound interest.  If the price of gasoline dropped, he would use the discount in other areas of life instead of buying more expensive gasoline. He will value his own possessions accurately and sell them if there is an opportunity for gains. 

Richard Thaler suspected that many people were not quite so logical.  So he started asking them, conducting studies.  What he found is that people are predictably irrational about their economic decisions.  They make different choices when they are afraid, or when they have developed attachments.  They maintain habits even when they are destructive. They spring for the quick pleasure and ignore the long term need.

Human beings are not as strong, wise or noble as economists had expected they were.  

For Meditation: "and when my all of strength shall fail"

"What though my shrinking flesh complain
  And murmur to contend so long?
I rise superior to my pain;
  When I am weak, then I am strong;
And when my all of strength shall fail
I shall with the God-man prevail.

Yield to me now--for I am weak
 But confident in self-despair!
Speak to my heart, in blessings speak,
  Be conquered by my instant prayer;
Speak, or thou never hence shall move,
  And tell me if thy name is LOVE.

'Tis Love!  'Tis Love!  Thou diedst for me;
  I hear thy whisper in my heart,
The morning breaks, the shadows flee,
  Pure Universal Love thou art;
To me, to all, thy bowels move--
  Thy nature, and thy name, is LOVE."

Charles Wesley, "Wrestling Jacob"

Ponder: "Thou didst stumble to a throne"

The other gods were strong; but Thou wast weak;

They rode, but Thou didst stumble to a throne;

But to our wounds only God’s wounds can speak,

And not a god has wounds, but Thou alone. 

“Jesus of the Scars” by Edward Shillito, qtd. in Liz Hoare, “A Reflection on Philippians 2:1-18.”