Journal of Markets & Morality

The Journal of Markets & Mortality is a professional journal published semiannually by the Acton Institute for the Study of Religion and Liberty. The journal focuses on the scientific and theological relationships between economics and morality.

Articles from Vol. 4, No. 1, Spring

A Model to Assess the Ethics of Benefits Distribution
Many difficult ethical issues in business are associated with benefits distribution and they present a challenge to those who are confronted with such issues. This article presents a model that allows determination of the ethical implications of benefit-distribution...
Contractarian Analysis, Ethics, and Emerging Economies
The transition from socialist to market economics is typically informed by outcomes-based social welfare theory (SWT). Institutionless, intentionally value-free SWT is ill-suited to this enterprise. The only evaluative standard to which it gives rise--efficiency--is...
Controversy: Would the Absence of Copyright Laws Significantly Affect the Quality and Quantity of Literary Output?
"Without that sense of security which property gives, the land would still be uncultivated." (1) Francois Quesnay Introduction Professor Cole argues that copyrights are essentially equivalent to patents in that they confer monopoly privileges...
Controversy: Would the Absence of Copyright Laws Significantly Affect the Quality and Quantity of Literary Output?
"The greatest constraint on your future liberties may come not from government but from corporate legal departments laboring to protect by force what can no longer be protected by practical efficiency or general social consent." (1) John Perry Barlow...
Controversy: Would the Absence of Copyright Laws Significantly Affect the Quality and Quantity of Literary Output? A Response to Paul A. Cleveland
I did not really expect to get away from an exchange of this sort (and certainly not from a controversy sponsored by this Journal!) without having to address the normative aspects of intellectual property issues, but I preferred to wait for my distinguished...
Does Morality Hamper the Market Process? A Reappraisal of the Mises Thesis
Ludwig von Mises pioneered the praxeological critique of economic interventionism. He argued that the state's manipulation of market processes through wage and price controls, taxes and subsidies, central bank credit manipulation, and other regulatory...
Globalization and the Insights of Catholic Social Teaching
With the process commonly referred to as globalization embracing the planet, many Christian social thinkers have naturally begun to write extensively about the question. Yet, before they enter into the details of this issue, it is reasonable that Christian...
Morality and Character Development: The Roles of Capitalism, Commerce, and the Corporation
Capitalism is a system of voluntary relationships within a legal framework that protects individual rights against force, fraud, theft, and contract violations. Morality is impossible unless one has the freedom to choose between alternative actions...
Scholastic Morality and the Birth of Economics: The Thought of Martin De Azpilcueta
One of the most debated issues today in the social sciences is the relationship between ethics and economics. Martin de Azpilcueta's (1492-1586) writings on morality hold a distinguished place in the theological literature of the early modern era because...
The Moral Dimensions of Poverty, Entitlements, and Theft
In the view of many commentators and pundits, all citizens have an entitlement to be relieved of their poverty, which, they believe, would best be accomplished by throwing other people's money at the poor. This article makes the case that not only...