The marketplace is a remarkable social institution that has greatly extended our reach so shoppers in the West can now buy fresh-cut flowers, vegetables, and tropical fruits grown halfway across the globe even in the depths of winter. However, these expanded choices have also come with considerable moral responsibilities as our economic decisions can have far-reaching effects by either ennobling or debasing human lives. Albino Barrera examines our own moral responsibilities for the distant harms of our market transactions from a Christian viewpoint, identifying how the market's division of labour makes us unwitting collaborators in others' wrongdoing and in collective ills. His important account covers a range of different subjects, including law, economics, philosophy, and theology, in order to identify the injurious ripple effects of our market activities.
Does a consumer who bought a shirt made in another nation bear any moral responsibility when the women who sewed that shirt die in a factory fire or in the collapse of the building? Many have asserted, without explanation, that because markets cause harms to distant others, consumers bear moral responsibility for those harms. But traditional moral analysis of individual decisions is unable to sustain this argument. Distant Harms, Distant Markets presents a careful analysis of moral complicity in markets, employing resources from sociology, Christian history, feminism, legal theory, and Catholic moral theology today. Because of its individualistic methods, mainstream economics as a discipline is not equipped to understand the causality entailed in the long chains of social relationships that make up the market. Critical realist sociology, however, has addressed the character and functioning of social structures, an analysis that can helpfully be applied to the market. The True Wealth of Nations research project of the Institute for Advanced Catholic Studies brought together an international group of sociologists, economists, moral theologians, and others to describe these causal relationships and articulate how Catholic social thought can use these insights to more fully address issues of economic ethics in the twenty-first century. The result was this interdisciplinary volume of essays, which explores the causal and moral responsibilities that consumers bear for the harms that markets cause to distant others.
The marketplace is a remarkable social institution that has greatly extended our reach so shoppers in the West can now buy fresh-cut flowers, vegetables, and tropical fruits grown halfway across the globe even in the depths of winter. However, these expanded choices have also come with considerable moral responsibilities as our economic decisions can have far-reaching effects by either ennobling or debasing human lives. In this book, Albino Barrera examines our own moral responsibilities for the distant harms of our market transactions from a Christian viewpoint, identifying how the market's division of labour makes us unwitting collaborators in others' wrongdoing and in collective ills. His important account covers a range of different subjects, including law, economics, philosophy, and theology, in order to identify the injurious ripple effects of our market activities.
Written in non-technical language accessible to non-specialist readers, this book is a theological synthesis of the findings of scripture scholars and ethicists on what the Bible teaches about economic life. It proposes a biblical theology of economic life that addresses three questions, namely: What do the individual books of Sacred Scripture say about proper economic conduct? How do these teachings fit within the larger theology and ethics of the books in which they are found? Are there recurring themes, underlying patterns, or issues running across these different sections of the Bible when read together as a single canon? The economic norms of the Old and New Testament exhibit both continuity and change. Despite their diverse social settings and theological visions, the books of the Bible nonetheless share recurring themes: care for the poor, generosity, wariness over the idolatry of wealth, the inseparability of genuine worship and upright moral conduct, and the acknowledgment of an underlying divine order in economic life. Contrary to most people’s first impression that the Bible offers merely random economic teachings without rhyme or reason, there is, in fact, a specific vision undergirding these scriptural norms. Moreover, far from being burdensome impositions of do’s and don’ts, this book finds that the Bible’s economic norms are, in fact, an invitation to participate in God’s providence. To this end, we have been granted a threefold benefaction—the gift of divine friendship, the gift of one another, and the gift of the earth. Thus, biblical economic ethics is best characterized as a chronicle of how God provides for humanity through people’s mutual solicitude and hard work. The economic ordinances, aphorisms, and admonitions of the Old and New Testament turn out to be an unmerited divine invitation to participate in God’s governance of the world. Our economic conduct provides us with a unique opportunity to shine forth in our creation in the image and likeness of God. Often extremely demanding, hard, and even fraught with temptations and distractions, economic life nevertheless is, at its core, an occasion for humans to grow in holiness, charity, and perfection.
Testimony from the Top : Three CEO's Perspectives on Morality and Business / Regina Wentzel Wolfe -- Commerce and Communion : Business, Profit, and the Circulation of Wealth in the History of Christian Thought / Jennifer A. Herdt -- Practical Wisdom and Management Science / Andrew M. Yuengert -- The Importance of Agency and Autonomy for Business / Gregory Beabout -- Why Business Must Resist the Technocratic Paradigm / Mary Hirschfeld -- The Institutional Insight : The Common Good beneath the Shareholder/Stakeholder Model / Kenneth E. Goodpaster and Michael J. Naughton -- How Consumers and Firms Can Seek Good Goods / David Cloutier -- The Responsibility of Businesses for their Moral Ecology / Martin Schlag -- The Social Mortgage on Business / Edward D. Kleinbard -- Assessing the Moral Legitimacy Market Decisions / Martijn Cremers.
Peter Sedgwick explores the relation of a theology of justice to that of human identity in the context of the market economy, and engages with critics of capitalism and the market. He examines three aspects of the market economy: first, how does it shape personal identity, through consumption and the experience of paid employment in relation to the work ethic? Second, what impact does the global economy have on local cultures? Finally, as manufacturing changes out of all recognition through the impact of technology and global competition, what is the effect in terms of poverty? Drawing on the response of the Catholic Church, both in the United States and in papal encyclicals, to the market economy from 1985–1991, Sedgwick argues that its involvement deserves to be better known. Moreover, he recommends that the Churches remain part of the debate in reforming and humanizing the market economy.
To those faced with the many questions and quandaries of doing business with integrity, here is a place to beggin. Alexander Hill explores the Christian concepts of holiness, justice, and love, and shows how some common responses to business ethics fall short of these. Then, he turns to penetrating case studies on such pressing topics as employer-employee relations, discrimination, and affirmative action.
What does the history of Christian views of economic life mean for economic life in the twenty-first century? Here Daniel Finn reviews the insights provided by a large number of texts, from the Bible and the early church, to the Middle Ages and the Protestant Reformation, to treatments of the subject in the last century. Relying on both social science and theology, Finn then turns to the implications of this history for economic life today. Throughout, the book invites the reader to engage the sources and to develop an answer to the volume's basic question.
Markets can often be harsh in compelling people to make unpalatable economic choices any reasonable person would not take under normal conditions. Thus, workers laid off in mid-career accept lower-paid jobs that are beneath their professional experience for want of better alternatives. Economic migrants leave their families and cross borders (legally or illegally) in search of a livelihood. These are examples of economic compulsion. These economic ripple effects have been virtually ignored in ethical discourse because they are generally accepted to be the very mechanisms that generate the market's much-touted allocative efficiency. Albino Barrera argues that Christian thought on economic security offers an effective framework within which to address the consequences of economic compulsion.
