Is the Market Moral?: A Dialogue on Religion, Economics and Justice (Pew Forum Dialogue Series on Religion and Public Life)

In the great tradition of moral argument about the nature of the economic market, Rebecca Blank and William McGurn join to debate the fundamental questions—equality and efficiency, productivity and social justice, individual achievement and personal rights in the workplace, and the costs and benefits of corporate and entrepreneurial capitalism. Their arguments are grounded in both economic sophistication and religious commitment. Rebecca Blank is an economist by training and describes herself as "culturally Protestant in the habits of mind and heart." She has also chaired the committee that wrote the statement on Christian faith and economic life adopted by the United Church of Christ. Addressing market failure, for her, requires that sometimes "freedom to choose" give way to other human values. William McGurn, a journalist and a Roman Catholic, uses his expertise in economics to reflect on the teachings of the church concerning the morality of the market. For McGurn, humans reach their fullest potential when they are free from the constraints of others. He writes that "our quarrel is not so much with Adam Smith or Milton Friedman but with the Providence that so clearly designed man to be his most prosperous at his most free." This book grapples with the new imperatives of a global economy while working in the classic tradition of political economy which always treated seriously the questions of morality, justice, productivity, and freedom.

Product details

Hardcover : 199 pages
Title : Is the Market Moral?: A Dialogue on Religion, Economics and Justice (Pew Forum Dialogue Series on Religion and Public Life)
Language : English
ISBN-10 : B009ABUWMG
Ranting : 3.7

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The Market and Morality: Is the Market Moral? Blog
At the heart of the moral debate about market versus state (that is, about the market economy versus socialism), is the relationship between profit and morality. This relationship cannot be properly assessed without the concept of competition. As is well known, competition, as a central prerequisite for functioning market economies, is based on ...
Is the Market Moral? Brookings
In the great tradition of moral argument about the nature of the economic market, Rebecca Blank and William McGurn join to debate the fundamental questions equality and efficiency, productivity ...
Is the Market Moral?: A Dialogue on Religion, Economics
In the great tradition of moral argument about the nature of the economic market, Rebecca Blank and William McGurn join to debate the fundamental questionsequality and efficiency, productivity and social justice, individual achievement and personal rights in the workplace, and the costs and benefits of corporate and entrepreneurial capitalism.
Is the Market Moral?
If market outcomes truly reflected moral weight, all forms of charity, by extension, would be deemed immoral for deviating from these moral outcomes. Attaching virtue to incomes means attaching vice to public or private redistribution, making charity a wicked act of redistributing rewards from the more deserving to the less deserving.
Is the Market Moral?” Amos 8;4 7; Luke 16:1 13
2 Rebecca M. Blank and William McGurn, Is the Market Moral? A Dialogue on Religion, Economics & Justice, Brookings Institution Press, Washington, DC, 2004, pp. 3, 4 . 4 where the wealthy suburbs cordon themselves off from one of the poorest cities in America—to define it, again.
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A market does not have a collective view or a moral outlook. When a market is moving rapidly in one direction then it can be a useful fiction to say “the market is optimistic because…” or the “market does not believe in Greek state finances because…”
The Moral Standing of the Market* | Social Philosophy and
The market's moral standing “has to be” high. Send article to Kindle. To send this article to your Kindle, first ensure no reply@cambridge.org is added to your Approved Personal Document E mail List under your Personal Document Settings on the Manage Your Content and Devices page of your account. Then enter the ‘name’ part of ...
Impartial Spectator and the Moral Teachings of Markets
Abstract and Keywords Market skeptics have persuasively argued that the market is a social arena that is not simply amoral but that has negative moral consequences. Market apologists have offered two basic responses to this kind of charge: that the market is amoral, and that it transforms private vice into public virtue.
The Market (2017) | Moral Markets?
The Market provides a valuable history of ‘the market’ as an idea, rendering unfamiliar something we often take as a given. In doing so, the book makes a useful contribution to vibrant debates within political economy and feeds into timely conversations beyond academia about our position as economic subjects.