The Market, Happiness, and Solidarity: A Christian Perspective

ISBN-13: 9780415561273 / Angielski / Twarda / 2010 / 208 str.

Johan J. Graafland

Opis

The past two decades of market operation has generated welfare and economic growth in Western countries, but increasing income inequalities, depletion of the natural environment and the current financial crisis have led to an intense debate about the advantages and disadvantages of the free market. With this book, Professor Graafland makes a valuable contribution to the Christian debate about the market economy. In particular, it aims to clarify the links between ethical values, Christian belief and economics, as well as informing theologians and economists about recent economic insights into market operation. The book investigates the effect of free market operation on welfare and well-being, calling into question why one would favour more market competition as a means of increasing happiness. As well as this, Professor Graafland examines how free market competition relates to principles of justice and looks at whether it enforces or crowds out Christian virtues like love, humility and temperance. Books that systematically link biblical teaching about the economy to recent theoretical and empirical research in economics on free market operation are rare. Most Christian books on the market system are theologically oriented, lacking a sound basis in the extensive knowledge of the recent economic literature on market operation. This book confronts Christian ethical standards with current economic literature on the effects of market operation on welfare, happiness, human rights, inequality and virtues in order to develop a well-based and balanced view of the pros and cons of market operation. This book will be of interest to both undergraduate and postgraduate students of economics, philosophy and theology.

The past two decades of market operation has generated welfare and economic growth in Western countries. But increasing income inequalities, depletion of the natural environment and the current financial crisis cause an intense debate about the advantages and disadvantages of the free market. This calls into question why one would favor more market competition as a mean to increase well being.

This book contributes to the Christian debate about the market economy, clarifying the links between ethical values, Christian belief and economics as well as informing theologians and economists about recent economic insights into market operation in relation to three core values: welfare (and happiness), justice and virtues. The book considers the effect of market operation on welfare and happiness, how market operation relates to principles of justice and whether free market operation enforces or crowds out Christian virtues like love, humility and temperance.

Spis treści

1. Introduction 2. The market and welfare 3. The market and justice 4. The market and virtues 5. Integration and application

O autorze

Johan Graafland is Professor of ‘Economics, Business and Ethics’ and director of the Center for Corporate Social Responsibility at the Faculty of Economics and Business Administration of Tilburg University, the Netherlands.