Posts tagged with: corinne sauer

Beginning today, the conference “Religion and Liberty — A Match Made in Heaven?” gets underway in Jerusalem. Sponsored by the Jerusalem Institute for Market Studies (JIMS), the Acton Institute and others, the event asks questions such as, “Is capitalism not only efficient but also moral?” In conjunction with this May 20-24 conference, Acton is offering its two Jewish monographs through Amazon Kindle at no charge.

The two titles:

  • Judaism, Law & The Free Market: An Analysis by Joseph Lifshitz. [Kindle link]
  • Judaism, Markets, and Capitalism: Separating Myth from Reality by Corinne Sauer and Robert M. Sauer [Kindle link]

Also see the Sauers’ 2007 Acton commentary, “Jewish Theology and Economic Theory.”

In the conference description, JIMS notes that “several speakers will discuss why Israel — in fact no country — should grant special privileges to religious institutions, nor subsidize religious activities. While few would advocate this approach for our Jewish state, there will be compelling arguments made about why religious communities in Israel would flourish with less government support. On Tuesday we will discuss how free markets enable religious communities to conveniently observe their traditions. There also will several panels which will provide the philosophical foundation for freer markets in Israel. More importantly our speakers will explain why free market policies will break down Israel’s oligarchical institutions that impose high product prices on Israelis and limit economic opportunity.”

In addition to JIMS and Acton, the Jerusalem conference is sponsored by the Becket Fund for Religious Liberty, the Atlas Network and Maarah Magazine.

Acton now has a dozen or so eBook offerings on social thought understood through a religious lens. For a listing of titles, please visit this page.

Blog author: jcouretas
posted by on Thursday, December 4, 2008


In the inaugural lecture of the Center for the Study of Judaism and Economics at the Jerusalem Institute for Market Studies, Nobel Laureate economist Professor Robert (Yisrael) Aumann talked about the link between economics, Judaism and the current economic downturn. Aumann argues that Judaism subscribes to a market philosophy and contains a blueprint for solving today’s economic woes.

The JIMS has the lecture archived on its YouTube page in three parts here.

In an article written for Israeli magazine Global Business, Corinne Sauer of the Jerusalem Institute said Aumann’s lecture showed how the Torah and the Talmud acknowledge the importance of economic incentives within a competitive market economy.

As one example of fundamental market-oriented principles inherent in Judaism, Professor Aumman cited the support in the Talmud for unfettered price competition, adding that the Talmud preceded Adam Smith’s groundbreaking ideas on price competition by hundreds of years. In the Talmud, there is absolutely no room for price fixing; only support for ensuring the use of honest weights and measures. In a competitive market economy, the firm selling at the highest price will either go out of business or be forced to decrease its price in order to survive.