ABSTRACT
This chapter explores the objective grounds that precipitated the research for this book and demonstrate why there is a need for a theory of Spiritual Capital that can serve as a moral core for social and economic justice, as well as one possible antidote to the currently dismal state of affairs brought on by the practice of unbridled, neoliberal capitalism. During the twentieth century there was a progressive dichotomization of economic theory and practice by which moral philosophy was excised from mainstream economic “science” and, moreover, the relationship of economics to social ontology utterly ignored in favor of the prevailing emphasis on rationalistic, deductivist, mathematical modeling. In December 2009, Former US Secretary of Labor and current University of California, Berkeley Professor of Public Policy, Robert Reich, wrote an article entitled, 2009: The Year Wall Street Bounced Back and Main Street Got Shafted.
