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Article: Exchange and property rights in the light of Biblical values.(Critical essay)
- Article from:
- Journal of Private Enterprise
- Article date:
- March 22, 2007
- Author:
CopyrightCOPYRIGHT 2007 Association of Private Enterprise Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Can market institutions and/or market outcomes be reconciled to Biblical values? Many modern Christian theologians think not. (1) They raise objections to a number of practices associated with market exchange. These range from alleged product market abuses, such as price gouging by firms and restraining entry to obtain excessive profits, to alleged domestic and foreign labor market abuses, including paying unjust (nonliving) wages and the exploitation of workers in lesser-developed economies through the practice of sweatshop labor. The economic ethics of the Scriptures are understood to have been violated in these instances. In large part they are cited as characteristic ...