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The principle of benevolence is at the root of Martin Luther's (1483-1546) thinking on society, the economy, and business ethics. Luther was the forerunner of the moral economy. He saw the necessity of strong public authorities, which should take into account the public interest, leading to a...
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One hesitates to make general statements about "Christian" views on anything, given the fact that Christians of various sects have persecuted and even killed each other (not to mention Jews and Muslims) over the centuries because of doctrinal disputes. Nevertheless, I will attempt to make some...
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This paper provides an overview of the relationship between economics and religion. It first considers the effects of …
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Recently, some theological ethicists have criticized modern economics for offering a rival theology that undermines an … appreciation for creation and God’s gifts. In their view, through the logic of opportunity cost, economics substitutes a tragic … world of scarcity for God’s abundance. Further, the focus in economics on maximizing utility teaches us to be restless …
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Hayek’s arguments in technical economics fail. Therefore, Hayek’s research program in economic science should be abandoned … Hayek’s thought from his earlier writings in technical economics to his later writings on legal theory. Both Posner and … his work in economics …
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, it is a concept mainstream economics has, so far, hardly touched on. The paper shows that the application of economic … reasoning to the responsibility concept can instruct a twofold learning process: First, the very tradition of economics allows … standard economics tends to attribute the rule-setting function exclusively to state actors. Yet, as the underlying nation …
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