Exchange and property rights in the light of Biblical values.(Critical essay)

Journal of Private Enterprise | March 22, 2007| | Copyright

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 ...

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