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Judaism, Liberalism and the Market

In: THE ECONOMICS OF RELIGION

Author

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  • Jonathan Jacobs

Abstract

The three main claims of the discussion are that (i) values and perspectives integral to Judaism are especially congenial to liberal democracy as a political order and had a role in early modern theorizing about the liberal state, (ii) they are also congenial to the market as a basic economic arrangement on account of how Judaism regards the dignity, accountability and independence of the individual, and (iii) while there is no guarantee that the market will benefit everyone it is defensible on the basis of how it constructively interacts with the pluralistic civil society that a liberal order makes possible. Judaism’s core notions of voluntariness and concern for others can contribute to a morally endorsable form of market activity.

Suggested Citation

  • Jonathan Jacobs, 2023. "Judaism, Liberalism and the Market," World Scientific Book Chapters, in: Robert M Sauer (ed.), THE ECONOMICS OF RELIGION, chapter 9, pages 245-268, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811273148_0009
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    More about this item

    Keywords

    Economics; Religion; Economics of Religion; Max Weber; Adam Smith;
    All these keywords.

    JEL classification:

    • Z12 - Other Special Topics - - Cultural Economics - - - Religion
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • Z1 - Other Special Topics - - Cultural Economics
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • E7 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A1 - General Economics and Teaching - - General Economics

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