Ending a Mathew Effect In chapter 25 verse 29, in the Gospel of Mathew, our Lord Jesus Christ concluded His parable of the talents that for unto every one that has shall be given more, and he shall have abundance: but from him that has not shall be taken away even the little that he has. The Sociologist Robert K. Merton in 1968, referring to this parable coined the term Mathew effect to describe how, among other things, eminent scientists will often get more credit than a comparatively unknown researcher, even if their work is similar; it also means that credit will usually be given to researchers who are already famous. Although the Gospel of Luke also has a version of the parable of the talents, it is only in the Gospel of Mathew that the parable indicates that a master gave his servants different amounts of talent and according to their ability. One was given, 5 talents, the other 2 and yet another 1 talent. The persons given 5 and 2 talents apparently invested wisely and each doubled the number of talents they were given. However, the one that was given 1 talent somehow dug a hole and buried his one talent in it, to yield no profit. As it happened, their master congratulated and promoted the two servants that invested wisely, making them rulers over many thing and saying to them enter thou into the joy of thy lord. Now to the servant who did not make an investment, the master rebuked him and ordered that they take the one talent he had from him, and give it unto him that now had ten talents, because â€œunto every one that has shall be given, and he shall have abundance: but from him that has not shall be taken away even that which he has. Now consider this. How does Africa end the practice of sending cheap raw commodities to richer countries for them to refine and sell back to Africa at prohibitive prices? If Africa is to avoid any Mathew effect, we must start by adding more value to the raw materials and commodities that we have. To be successful, Africa must quickly develop the skills, that means, the ability to be given more, because it does appear that to whom more is given, more is expected and therefore more is provided. If very little is given, very little is probably also expected and thus produced. I believe therefore that if you demonstrate the ability, more will be given to you. Our hidden economics for you.
Posted: Sep 22nd, 2016 @ 06:49:16 AM