June 30, 2005
In reading Is the Market Moral?
(Brookings Institution Press, 2003), I have come across a passage containing what I suspect is a common misconception about markets.
"Unlike the market, which values people according to their resources and the productivity they bring to the market, Christian teachings on poverty ascribe value to a group that has no resources."
The problematic premise implicit in this statement is that ‘the market’ somehow bestows value and that the value it bestows is somehow absolute. Continue Reading...