Is the Market Moral?
A Dialogue on Religion, Economics and Justice
Is the Market Moral? by Rebecca M. Blank
Book DescriptionIn the great tradition of moral argument about the nature of the economic market, Rebecca Blank and William McGurn join to debate the fundamental questions uequality and efficiency, productivity and social justice, individual achievement and personal rights in the workplace, and the costs and benefits of corporate and entrepreneurial capitalism. Their arguments are grounded in both economic sophistication and religious commitment. Rebecca Blank is an economist by training and describes herself as "culturally Protestant in the habits of mind and heart." She has also chaired the committee that wrote the statement on Christian faith and economic life adopted by the United Church of Christ. Addressing market failure, for her, requires that sometimes "freedom to choose" give way to other human values. William McGurn, a journalist and a Roman Catholic, uses his expertise in economics to reflect on the teachings of the church concerning the morality of the market. For McGurn, humans reach their fullest potential when they are free from the constraints of others. He writes that "our quarrel is not so much with Adam Smith or Milton Friedman but with the Providence that so clearly designed man to be his most prosperous at his most free." This book grapples with the new imperatives of a global economy while working in the classic tradition of political economy which always treated seriously the questions of morality, justice, productivity, and freedom.
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Book DetailsISBN: 9780815710219
(229mm x 152mm x 10mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Jul-2003
Country of Publication: United States
Books By Author Rebecca M. Blank
Changing Inequality, Paperback (July 2011)
Offers a comprehensive analysis of an economic trend that has been reshaping the United States over the years: rapidly rising income inequality. This title provides an overview of how and why the level and distribution of income and wealth has changed since 1979, and investigates the forces that are driving it.
New World of Welfare, Paperback (September 2001)
Congress must reauthorize the sweeping 1996 welfare reform legislation by October 1, 2002. A number of issues that were prominent in the 1995-96 battle over welfare reform are likely to resurface in the debate over reauthorization.
It Takes a Nation, Paperback (September 1998)» View all books by Rebecca M. Blank
Provides an antidote to scapegoating, guesswork, and outright misinformation of welfare debates. Demonstrating that government aid has been far more effective, this book explains that even private support for the poor depends extensively on public funds. It states that it takes a nation to fight a problem as pervasive and subtle as modern poverty.
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Author Biography - Rebecca M. Blank
Rebecca M. Blank is dean of the Gerald R. Ford School of Public Policy at the University of Michigan, USA. She was senior staff economist with the Council of Economic Advisers during the first Bush administration and was appointed to the council under President Clinton. William McGurn is chief editorial writer and a member of the editorial board of The Wall Street Journal. He has also held key positions for National Review and Far Eastern Economic Review.
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