Our most recent issue of the Journal of Markets & Morality, vol. 19, no. 1, has now been published online and print issues are in the mail.
In addition to our regular slate of articles examining the intersections between faith, freedom, markets, and morality, this issue contains a new entry in our Scholia special feature section: “Advice to a Desolate France” by Sebastian Castellio. Writing in 1562, Castellio was one of the first early modern defenders of freedom of religion on the basis of freedom of conscience, in the midst of a turbulent time of conflict between Roman Catholics and Protestants in sixteenth-century France. His insights should still be valuable today, both to scholars and others who value that same freedom.
As is our usual custom, this issue’s editorial, “Self-Interest and Moral Contexts,” is open access. In it, I examine the necessity of context for determining the morality of the choices of market actors:
The economic idea of self-interest as the driving motivator of economic (and other) behavior is as widely accepted by economists as it is criticized by others. The critics, generally, object to the assumption that “widespread and/or persistent human behavior can be explained by a generalized calculus of utility-maximizing behavior,” to quote George Stigler and Gary Becker. Is not that selfishness? And is not selfishness immoral? And do not people, at least sometimes, act morally? Furthermore, should not they be encouraged to act altruistically instead of only thinking of their own interests?
In reality, context complicates such moralisms.
The full editorial can be read and downloaded here.
Read the entire issue here.
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