The Market, Happiness, and Solidarity: A Christian perspective, 1st Edition (Paperback) book cover

The Market, Happiness, and Solidarity

A Christian perspective, 1st Edition

By Johan J. Graafland

Routledge

208 pages | 7 B/W Illus.

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Description

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.

Table of Contents

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

About the Author

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.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory
PHI022000
PHILOSOPHY / Religious
REL003000
RELIGION / Christianity / Anglican