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. 15, No. 2, Fall

A Free People's Suicide: Sustainable Freedom and the American Future
A Free People's Suicide: Sustainable Freedom and the American Future Os Guinness Downers Grove, Illinois: InterVarsity Press, 2012 (205 pages) That our republic suffers from disorder and decay is no secret. The moral and economic order appears...
A Short History of Ethics and Economics: The Greeks
A Short History of Ethics and Economics: The Greeks James E. Alvey Cheltenham, United Kingdom and Northampton, United States: Edward Elgar, 2011 (184 pages) In the beginning chapter of his Ethics and Economics, Amartya Sen distinguishes between...
A Vexing Gadfly: The Late Kierkegaard on Economic Matters
A Vexing Gadfly: The Late Kierkegaard on Economic Matters Eliseo Perez-Alvarez Cambridge, United Kingdom: James Clarke & Co., 2011 (214 pages) With this work, Eliseo Perez-Alvarez has occupied an empty nook in Kierkegaard studies. Though...
Between Greedy Individualism and Benevolent Collectivism
In a recent study of the relationship between greed and training in economics, Long Wang, Deepak Malhtora, and J. Keith Murnighan observe that "an increased exposure to economic theory may give people convenient frameworks that license greed." (1)...
Biblical Warnings to 'The Rich' and the Challenge of Contemporary Affluence
Introduction This article assesses, first, whether affluent people in the modern capitalist economy qualify as "the rich" in biblical terminology. If these people do signify the biblical rich, biblical teaching on the rich applies to the middle-class...
Dooyeweerd's Philosophy of Economics
Introduction This article deals with the economic thought of Herman Dooyeweerd (1894-1977). (1) A chairman of the Royal Dutch Academy of Sciences once called him "the most original philosopher the Netherlands has ever produced, even Spinoza not...
Free Market Fairness
Free Market Fairness John Tomasi Princeton, New Jersey: Princeton University Press, 2012 (348 pages) In Free Market Fairness, John Tomasi, professor of political science and philosophy at Brown University, embraces an ambitious agenda: reconciling...
God and Moral Law: On the Theistic Explanation of Morality
God and Moral Law: On the Theistic Explanation of Morality Mark C. Murphy New York: Oxford University Press (192 pages) God and Moral Law is the latest work by the prominent Catholic philosopher, Mark Murphy, who holds a professorship of religious...
'Graduate Education in the Humanities': A Response to Marc Baer
I am grateful for Professor Baer's response to my essay and pleased to find several points of intersection in our positions, but I think we also disagree strongly on some fundamental issues. First, we agree that students should be concerned about...
'Graduate Education in the Humanities': A Response to William Pannapacker
Let me begin by thanking my colleague Bill Pannapacker for raising a number of important issues. On several of these I stand in almost complete agreement. Yet his overly narrow focus on one set of factors leaves the student who is considering graduate...
'Graduate Education in the Humanities': A Surresponse to William Pannapacker
Let us review where we stand: Professor Pannapacker and I agree that there is a serious problem, existing as it has for a generation. There are more students who enter PhD programs in the humanities than there are tenure-track teaching positions in...
Human Development in Business: Values and Humanistic Management in the Encyclical Caritas in Veritate
Human Development in Business: Values and Humanistic Management in the Encyclical Caritas in Veritate Domenec Mele and Claus Dierksmeier (Editors) Basingstoke and New York: Palgrave Macmillan, 2012 (260 pages) Collections of papers are difficult...
Illustrating the Need for Dialogue between Political Economy and Catholic Social Teaching
Dialogue between Economics and Catholic Social Teaching The aim of Catholic social teaching "is simply to help purify reason and to contribute, here and now, to the acknowledgment and attainment of what is just." (1) For this purpose, "[t]he Church's...
Joseph Tuckerman, Model of Charity
Early nineteenth-century America was a wellspring of social reform. Figures such as Lyman Beecher and Dorothea Dix led movements to combat alcoholism and reform mental institutions. Joseph Tuckerman (1778-1840) could be said to have been the first...
Luis De Molina's De Iustitia et Iure: Justice as Virtue in an Economic Context
Luis de Molina's De lustitia et lure: Justice as Virtue in an Economic Context Diego Alonso-Lasheras Leiden: Brill, 2011 (245 pages) Diego Alonso-Lasheras' revised dissertation examines Luis de Molina (1535-1600) as a moral theologian through...
Models. Behaving. Badly: Why Confusing Illusion with Reality Can Lead to Disaster on Wall Street and in Life
Models. Behaving. Badly: Why Confusing Illusion with Reality Can Lead to Disaster on Wall Street and in Life Emanuel Derman New York: Free Press, 2011 (230 pages) That financial models are metaphors for reality (instead of being reality) is...
Philanthropy in America: A History
Philanthropy in America: A History Olivier Zunz Princeton, New Jersey: Princeton University Press, 2012 (381 pages) The recent flap over the Susan G. Komen Foundation and funding for Planned Parenthood thrust the role and function of the ubiquitous...
Private Property, Self-Regulation, and Just Price: A Response to Philip Booth and Samuel Gregg
In the previous issue of this journal, Philip Booth doubts that it is possible to stray from Catholic social thought because it is a corpus much wider than the subset of pronouncements of popes and bishops that we call Catholic social teaching. (1)...
Schools as Social Enterprises: The Las Casas Report, Evidence-Based, and Neoliberal Policy Discourse
Introduction: The Blackfriars Las Casas Report In 2009, Secretary of State for Children, Schools and Families, Ed Balls, required the following from the English Catholic Dioceses, through various policies: 100 million GBP for compulsory buildings...
Should Students Be Encouraged to Pursue Graduate Education in the Humanities?
Last January at the Modern Language Association convention in Seattle, Brian Croxall, one of the leading young scholars of the digital humanities--and a self-described "failure," since he does not hold a permanent academic position--began his talk...
The Challenges of Cultural Discipleship: Essays in the Line of Abraham Kuyper
The Challenges of Cultural Discipleship: Essays in the Line of Abraham Kuyper Richard Mouw Grand Rapids: Eerdmans, 2012 (236 pages) This volume is a collection of thirteen articles and chapters that Richard Mouw regards as the "back story"...
The Crisis of Global Capitalism: Pope Benedict XVI's Social Encyclical and the Future of Political Economy
The Crisis of Global Capitalism: Pope Benedict XVI's Social Encyclical and the Future of Political Economy Adrian Pabst (Editor) Eugene, Oregon: Cascade Books, 2011 (289 pages) Imagine the following scene: Before us on the table lies a...
The Ethics of Trade and Aid: Development, Charity or Waste?
The Ethics of Trade and Aid: Development, Charity or Waste? Christopher D. Wraight London, United Kingdom: Continuum, 2011 (178 pages) This is a very well-written book, which will be helpful for anybody interested in the philosophy and economics...
The Moral Dynamics of Economic Life: An Extension and Critique of Caritas in Veritate
The Moral Dynamics of Economic Life: An Extension and Critique of Caritas in Veritate Daniel K. Finn (Editor) Oxford, United Kindom: Oxford University Press, 2012. Within the Catholic academic world and among those who share the distinction...
The Moral Meanings of Markets
Introduction The market has all too often been defended on material grounds. Market supporters have consistently emphasized that markets make it so that self-interested or even greedy individuals can only help themselves by serving their fellow...
The Political Economy of Liberation: Thomas Sowell and James Cone on the Black Experience
The Political Economy of Liberation: Thomas Sowell and James Cone on the Black Experience Anthony B. Bradley New York: Peter Lang, 2012 (199 pages) Comparing the thought of a world-class secular economist (Thomas Sowell) with that of the most...
The Righteous Mind: Why Good People Are Divided by Politics and Religion
The Righteous Mind: Why Good People Are Divided by Politics and Religion Jonathan Haidt New York: Pantheon Books, 2012 (419 pages) As a social psychologist, Jonathan Haidt's research focuses on how moral reason functions in social systems....
The Transformation of the American Democratic Republic
The Transformation of the American Democratic Republic Stephen M. Krason New Brunswick, New Jersey: Transaction Publishers, 2012 (500 pages) The conclusion of this book is a series of recommendations aimed at restoring the United States to...
The Unintended Reformation: How a Religious Revolution Secularized Society
The Unintended Reformation: How a Religious Revolution Secularized Society Brad S. Gregory Cambridge, Massachusetts: Belknap/Harvard University Press, 2012 (574 pages) This book is a tour-de-force by a scholar of truly exceptional ability....
The Unintended Reformation: How a Religious Revolution Secularized Society
The Unintended Reformation: How a Religious Revolution Secularized Society Brad S. Gregory Cambridge, Massachusetts: Belknap/Harvard University Press, 2012 (574 pages) The latest monograph of Brad Gregory, professor of early modern European...
Thomas Erastus and the Palatinate: A Renaissance Physician in the Second Reformation
Thomas Erastus and the Palatinate: A Renaissance Physician in the Second Reformation Charles D. Gunnoe Jr. Leiden: Brill, 2011 (542 pages) The dynamic struggles between church and state over the two millennia of Christian history are critically...
What Kind of Corporeal or Political Life Men Would Have Professed in the State of Innocence
Introduction by Matthew T. Gaetano Title Page What Kind of Corporeal or Political Life Men Would Have Professed in the State of Innocence Introduction Francisco Suarez on Human Society without Sin Francisco Suarez's (1548-1617) chapter on...
Wisdom & Wonder: Common Grace in Science & Art
Wisdom & Wonder: Common Grace in Science & Art Abraham Kuyper Jordan J. Ballor and Stephen J. Grabill (Editors) Translated by Nelson D. Kloosterman Grand Rapids: Christian's Library Press, 2011 (pages) If the name Abraham Kuyper...