ABOUT THIS BOOK

The great paradox of science in the twentieth century is that the more we learn, the less we seem to know. In this volume, John Templeton and scientist Robert Herrmann address this paradox.

Reviewing the latest findings in fields from particle physics to archaeology, from molecular biology to cosmology, the book leads the reader to see how mysterious the universe is, even to the very science that seeks to reduce it to a few simple principles.

Far from concluding that religion and science are in opposition, the book shows how these two fields of inquiry are intimately linked, and how much they can offer to one another.

Formerly published by Continuum in 1994.

AUTHOR BIOGRAPHY

As a pioneer in both financial investments and philanthropy, Sir John Templeton spent a lifetime encouraging open-mindedness. Templeton started his Wall Street career in 1937 and went on to create some of the world’s largest and most successful international investment funds, eventually earning the label of “arguably the greatest global stock picker of the century” fromMoney magazine. In 1972, he established the world’s largest annual award given to an individual: the £1,000,000 Templeton Prize. The Prize is intended to recognize exemplary achievement in work related to life’s spiritual dimension. Templeton also contributed a sizable amount of his fortune to the John Templeton Foundation, which he established in 1987. Templeton passed away in 2008, but the Foundation that bears his name continues to award millions of dollars in annual grants in pursuit of its mission to serve as a philanthropic catalyst for research on what scientists and philosophers call the “big questions.”

Dr. Robert L. Herrmann taught medical school biochemistry for twenty-two years, first at Boston University and later at Oral Roberts University. At the latter he directed a nation-wide recruitment program for medical and dental school faculty interested in a high level Christian mission-oriented teaching program. In 1981 he left medical education to become executive director of the American Scientific Affiliation, a 2,200-member society of Christians interested in integrating Christian faith and science. There he met member John Templeton, and they have since cooperated in writing several books, including The God Who Would Be Known andIs God the Only Reality? In 1998 he wrote Sir John's biography, and a revised edition in 2004. Dr. Herrmann is also a founding member of the John Templeton Foundation.

TABLE OF CONTENTS

Introduction / 1

1. A Short History of Saving and Investment / 10

2. American Political Realignment and the Origins of Welfare / 35

3. Wall Street and the Second Economic Revolution / 54

4. Depression and the New Deal / 86

5. The Great Social Security Debate / 110

6. The New Health-Care Imperative / 142

7. Houses, Highways, and Physical Capital

8. Education, Training, and Human Capital / 217

9. The Savings Strategy for Shrinking the Welfare State / 258

Conclusion / 277

Notes / 285

Index / 303

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