In an essay for Big Questions Online, a site that examines questions of human purpose and ultimate reality, Rev. Robert Sirico considers whether morality is intrinsic to the free market:
Is a hammer intrinsically moral?
Your reply would most immediately be: “It depends on what it was used for. If employed to bash in the heads of people you do not like, the answer is no. If employed to help build a house for a homeless people, your answer might be yes. In either case, the precise answer is to say that the hammer is neither moral nor immoral; it is the person who chooses its use that can be evaluated morally.
Attending to these Big Questions will enable us to more deeply evaluate the economic organization of society. So the real issue here is not a financial one, but an anthropological one: What is man? Who am I? Why am I here? Where did I come from? Where am I going? What are my responsibilities to myself and others? How we answer these kinds of questions will have an enormous impact on every facet of our lives, including how we work and buy and sell, and how we believe such activities should be directed— in other words, on economics.
Read the rest of the article and join in the conversation at Big Questions Online.