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Christian Perspectives on the Market

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  • Johan J. Graafland

Abstract

This paper analyses the economic ethics of three main Christian traditions in Europe: the Roman Catholic tradition, the Evangelical tradition and the Ecumenical tradition. After defining several common and divergent elements of these different Christian traditions, we analyse the shortcomings of the free market operation concerning two common Christian values: the priority of the poor and stew-ardship of creation. We conclude that, because of these shortcomings, the Christian traditions will only provide conditional support to the free market.

Suggested Citation

  • Johan J. Graafland, 2008. "Christian Perspectives on the Market," Zeitschrift für Wirtschafts- und Unternehmensethik - Journal for Business, Economics & Ethics, Rainer Hampp Verlag, vol. 9(1), pages 41-57.
  • Handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2008_01_graafland
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    File URL: http://www.hampp-verlag.de/hampp_e-journals_zfwu.htm#108
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    References listed on IDEAS

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    1. Fehr, Ernst & Falk, Armin, 2002. "Psychological foundations of incentives," European Economic Review, Elsevier, vol. 46(4-5), pages 687-724, May.
    2. Bruno S. Frey, 2002. "Liliput oder Leviathan? Der Staat in der globalisierten Wirtschaft," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 3(4), pages 363-375, November.
    3. Ronnie Schöb und Joachim Weimann & Joachim Weimann, 2003. "Kombilohn: Die Magdeburger Alternative," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 4(1), pages 1-17, February.
    4. Hans-Werner Sinn & Christian Holzner & Wolfgang Meister & Wolfgang Ochel & Martin Werding, 2002. "Aktivierende Sozialhilfe - Ein Weg zu mehr Beschäftigung und Wachstum," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(09), pages 03-52, May.
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    Cited by:

    1. Nicos Scordis, 2011. "The Morality of Risk Modeling," Journal of Business Ethics, Springer, vol. 103(1), pages 7-16, April.

    More about this item

    Keywords

    Free Market Operation; Christian Economic Ethics; Church Social Teaching; Priority of the Poor; Stewardship;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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