There is a revival of interest by economists in ethical issues and beliefs, and by moral philosophers and theologians in economics. This book is intended to make a contribution to this cross-fertilisation of ideas. Rodney Wilson has undertaken an extensive survey of Jewish, Christian and Muslim views on economics, and reviewed the rapidly expanding business ethics literature from a religious perspective. The juxtaposition of the work of theologians and moral philosophers with that of economists results in some interesting comparisons.

This innovative collection of essays draws together and compares the teachings of world and regional religions on the subject of economic morality.

What do world and regional religions say about economic morality? The Oxford Handbook of Religion and Economic Ethics presents together for the first time the key tenets and teachings of numerous faiths on this subject. In doing so, it also compares the major religions in their positions on various social, business, and policy topics, such as consumerism, competition, ecology, and feminism. It concludes with an analytical synthesis that presents and explains the patterns that emerge from the various religions and themes explored across the Handbook's chapters. Together, these chapters underscore a symbiosis between religion and economic life as they mutually enrich each other. On the one hand, religion improves the efficiency and efficacy of economic life by lowering the frictional and monitoring costs of market operations. Virtuous market participants internalize norms of good economic conduct and behave accordingly. On the other hand, socioeconomic life offers manifold enticements, comforts, and overindulgences that paradoxically push devout adherents to invest themselves even further in their beliefs. Socioeconomic life provides an opportunity for religions to build strong faith communities and for believers to reify their religion in their economic conduct. This Handbook presents the richness, nuances, and rationale of religions and their economic ethics. Readers will discover a remarkable convergence in religions' teachings on economic morality, despite their wide differences in dogma, ecclesial structures, and social practices. This confluence can be traced to similarities in the underlying anthropologies and cosmologies of these faiths. Finally, this Handbook shows, the major faiths share far more values than divide them, at least when it comes to economic morality.

John Maynard Keynes wrote to his grandchildren more than fifty years ago about their economic possibilities, and thus about our own: "I see us free, there fore, to return to some of the most sure and certain principles of religion and traditional virtue - that avarice is a vice, that the exaction of usury is a misde meanour. . . . We shall once more value ends above means and prefer the good to the useful" ("Economic Possibilities for Our Grandchildren," pp. 371-72). In the year 1930 Keynes regarded these prospects as realizable only after a time span ofone hundred years, ofwhich we have now achieved more than half. The pres ent book does not share Keynes's view that the possibility of an integration of ethics and economics is dependent exclusively on the state of economic devel opment, though this integration is certainly made easier by an advantageous total economic situation. The conditions of an economy that is becoming post of ethics, cultural industrial and post-modern are favorable for the unification theory, and economics. Economic development makes a new establishment of economic ethics and a theory ofethical economy necessary. Herdecke and Hanover, October 1987 P. K. TABLE OF CONTENTS Foreword v Introduction . 0. 1. Ethical Economy and Political Economy . . 0. 1. 1. Ethical Economy as Theory ofthe Ethical Presuppositions of the Economy and Economic Ethics 3 0. 1. 2.

A growing body of academic and business specialists are paying attention to ethical issues in business and economics, drawing on a wide range of different disciplinary and theoretical perspectives. This volume presents important new insights from scholars in economics, philosophy, business ethics and management studies. In addition to providing specific perspectives on particular topics, it presents strategic perspectives on the development of the field. Readers can inform themselves on developments in particular areas, such as social accountability or stakeholder governance; they will also find substantial contributions related to the interfaces of ethics and economics, economics and philosophy, business ethics and political science, and business ethics and management. The collection is a thought-provoking contribution to the development of business and economic ethics as an increasingly important field of academic study.

Monopoly is one of the topics under market structure in microeconomic theory. Comparatively, based on conventional economics, monopoly is the third best solution in economics because under its operational theories it can create Dead Weight Loss (DWL) to the society in term of increasing price and reduce quantity of product in order to increase monopoly profit and reduce the consumer surplus. However in my book of Industrial Economics: Monopoly in Islamic Perspective shown that monopoly power under control of Islamic man it will create more social benefit rather DWL. For example ZAM-ZAM water in Mecca Saudi Arabia is a natural monopoly the only one in the world, but King of Saudi Arabia he is an Islamic Man in this regard he can freely supply ZAM-ZAM water to the people all over the world. Nonetheless, if he is an economic man (Characters of selfish and opportunist and main motive of profit maximization) he can put the price of the only natural monopoly to the people based on his own greediness and monopoly power. To see the Islamic Ethic, Morality and Altruism as well as characters of Islamic Man, under monopoly power, although he/she is a monopolist it still could give benefit to society at large. In this regard, please refer to the above book for your additional knowledge in the field of discipline.

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It remains the case that economic ethics is still an underdeveloped specialization within the discipline of religious ethics. Contemporary commentators have lamented the still emergent status of economic ethics and recently some have begun to point out new directions for this area of moral reflection. Part of the problem has been the historical fact that not many religious ethicists have taken the time to acquire the required specialization competence in economics, economic theory, and history. Religion and Economic Ethics presents nineteen readings that illuminate the economic side of religious ethics. Contributions include: Economic Justice and the Common-wealth of Peoples, by Douglas Sturm; Economic Systems and the Sacramental Imagination, by Joseph La Barge; Common Moral and Religious Grounds for Uncommon Economic Times, by James F. Smurl; Liberation Theology and the Vatican, by Arthur F. McGovern. Co-published with the College Theology Society.

It is argued that the normative and ethical presuppositions of standard economics render the discipline incapable of addressing an important class of problems involving human choices. Economics adopts too thin an account both of human motivation and of "the good" for individuals and for society. It is recommended that economists and policy-makers look back to ancient philosophy for guidance on the good life and good society considered in terms of eudaimonism, or human flourishing. Economics, Ethics, and Ancient Thought begins by outlining the limitations of the normative and ethical presuppositions that underpin standard economic theory, before going on to suggest alternative normative and ethical traditions that can supplement or replace those associated with standard economic thinking. In particular, this book considers the ethical thought of ancient thinkers, particularly the ancient Greeks and their concept of eudaimonia, arguing that within those traditions better alternatives can be found to the rational choice utilitarianism characteristic of modern economic theory and policy. This volume is of great interest to those who study economic theory and philosophy, history of economic thought and philosophy of social science, as well as public policy professionals.

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