In the wake of the economic crisis, few questions are more pressing than those around the ethics of finance and economics. Theology and Economic Ethics expands the self-critical resources of contemporary theological economic ethics by bringing the method of a pre-modern thinker, Martin Luther (1483-1546), into interaction with that of a modern contribution to social ethics, the Swiss theologian Arthur Rich (1910-92). The work is undertaken through a close engagement with a selected publication of Luther (his 1519/20 Grosser Sermon von dem Wucher) and of Rich (his masterwork, Wirtschaftsethik, published in two volumes in 1984 and 1990 respectively). It is the first substantial treatment in English of Rich's magnum opus. Sean Doherty introduces Luther's sermon on usury, situates it in its context, then provides a commentary on this work, discussing how Luther brings key theological motifs to bear on a particular economic question. The study proceeds with a sketch of Arthur Rich's life and work, and presents Rich's method as set out in Wirtschaftsethik. Doherty illuminates Rich's understanding of ethics, his approach to Scripture, and his adoption of the thought of Max Weber and John Rawls. Bringing insights from the study of Luther to bear in an analysis of Rich's method, Doherty questions some of Rich's assumptions, and notes ways in which a more self-critical approach could have made his project more successful. Finally, the book makes tentative suggestions as to the wider applicability of these findings for a Christian approach to economic ethics.

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

This work details the theological sources and moral significance of the life and work of the Scottish moral philosopher Adam Smith (1723–1790). The panel of contributors deepens our understanding of Adam Smith in his religious and theological context and the significance of this understanding for contemporary moral, economic, and political challenges to modern social life. The chapters cover a broad range of disciplinary and historical concerns, from Smith’s view of providence and his famous "invisible hand" to the role of self-interest and benevolence in Smith’s social and economic thought. A better appreciation for the moral and theological dimensions of Smith’s thought provides not only a better understanding of Smith’s own context and significance in the Scottish Enlightenment but also promises to assist in meeting the perennial challenges of properly connecting economic realities to moral responsibility. The book is of interest to advanced students and scholars of the history of economic thought, historical and moral theology, intellectual history, political science, and philosophy.

This book examines the relationship between race, religion, and economics within the black church. The book features unheard voices of individuals experiencing economic deprivation and the faith communities who serve as their refuge. Thus, this project examines the economic ethics of black churches in the rural South whose congregants and broader communities have long struggled amidst persistent poverty. Through a case study of communities in Alabama's Black Belt, this book argues that if the economic ethic of the Black Church remains accommodationist, it will continue to become increasingly irrelevant to communities that experience persistent poverty. Despite its historic role in combatting racial oppression and social injustice, the Church has also perpetuated ideologies that uncritically justify unjust social structures. Wilson shows how the Church can shift the conversation and reality of poverty by moving from a legacy of accommodationism and toward a legacy of empowering liberating economic ethics.

Normative Social Theory James M. Dean and A. M. C. Waterman University of Manitoba 1. Economics and Religion Once Again This hook is a sequel to Economics and Religion: Are They Distinct? (Brennan and Waterman 1994). That volume was motivated by a frustration born of many disappointing encounters between economists and theologians in the 1980s. Can bishops, synods, and other voices of organized religion bring any interesting (and disinterested) contribution to the public policy debate? If so, what is the relation of their contribution to that of the purely "secular" knowledge economists believe they can supply? Can economists bring any interesting (and disinterested) contribution to the public policy debate? If so, what is the relation of their contribution to the fundamental values that inform social ethics and that are still guarded to a large extent by religious tradition? All too often the two sides talked at cross-purposes. Well-intentioned economists coexisted for a few hours or days with well intentioned theologians whose manner of conceiving social reality was radically incompatible with their own. There seemed to be no common ground. The first requisite of any genuine conversation is an agreed conceptual framework that is able to accommodate the peculiar social vision both of the economist and of theologian, and to display the logical relation between the two.

Michael Cafferky sets a new standard in the field of business ethics with this comprehensive textbook from a Christian perspective. Using twelve biblical themes to evaluate contemporary ethical approaches and concerns, he covers consumer behavior, management, accounting, marketing, corporate responsibility and more.

Written in non-technical language accessible to non-specialist readers, this book is a theological synthesis of the findings of scripture scholars and ethicists on what the Bible teaches about economic life. It proposes a biblical theology of economic life that addresses three questions, namely: What do the individual books of Sacred Scripture say about proper economic conduct? How do these teachings fit within the larger theology and ethics of the books in which they are found? Are there recurring themes, underlying patterns, or issues running across these different sections of the Bible when read together as a single canon? The economic norms of the Old and New Testament exhibit both continuity and change. Despite their diverse social settings and theological visions, the books of the Bible nonetheless share recurring themes: care for the poor, generosity, wariness over the idolatry of wealth, the inseparability of genuine worship and upright moral conduct, and the acknowledgment of an underlying divine order in economic life. Contrary to most people’s first impression that the Bible offers merely random economic teachings without rhyme or reason, there is, in fact, a specific vision undergirding these scriptural norms. Moreover, far from being burdensome impositions of do’s and don’ts, this book finds that the Bible’s economic norms are, in fact, an invitation to participate in God’s providence. To this end, we have been granted a threefold benefaction—the gift of divine friendship, the gift of one another, and the gift of the earth. Thus, biblical economic ethics is best characterized as a chronicle of how God provides for humanity through people’s mutual solicitude and hard work. The economic ordinances, aphorisms, and admonitions of the Old and New Testament turn out to be an unmerited divine invitation to participate in God’s governance of the world. Our economic conduct provides us with a unique opportunity to shine forth in our creation in the image and likeness of God. Often extremely demanding, hard, and even fraught with temptations and distractions, economic life nevertheless is, at its core, an occasion for humans to grow in holiness, charity, and perfection.

The Handbook of Business Ethics: Philosophical Foundations is a standard interdisciplinary reference handbook in the field of business ethics. Articles by notable philosophers and economists examine fundamental concepts, theories and questions of business ethics: Are morality and self-interest compatible? What is meant by a just price? What did the Scholastic philosophers think about business? The handbook will cover the entire philosophical basis of business ethics. Articles range from historical positions such as Aristotelianism, Kantianism and Marxism to systematic issues like justice, religious issues, rights and globalisation or gender. The book is intended as a reference work for academics, students (esp. graduate), and professionals.

'Public theology' involves the application of biblical and theological principles outside the confines of the church and assesses their implications for wider society. It examines both the theoretical structures of society (the nature of secularity, government, globalisation, pluralism and so forth) and the myriad specific issues involved in daily life (everything from sport to work-place relations to economics). Public theology is also, very importantly, a discipline that is practiced by the 'ordinary' Christian as well as the academic, and it is done in public (with all the scrutiny that entails) and in such a way that it communicates to non-Christians (although it remains a theological endeavour). In a real sense it is theology for the world, from the Word, by the people of God. The volume has a variety of contributors and includes an article on the role of public theology in Islam.

This book asks why tax policy is both attracted to and repelled by the idea of justice. Accepting the invitation of economist Henry Simons to acknowledge that tax justice is a theological concept, the work explores theological doctrines of taxation to answer the presenting question. The overall message of the book is that taxation is an instrument of justice, but only when taxes take into account multiple goods in society: the requirements of the government, the property rights of society’s members, and the material needs of the poor. It is argued that this answer to the presenting question is a theological and ethical answer in that it derives from the insistence of Christian thinkers that tax policy take into account material human need (necessitas). Without the necessitas component of the tax balance, tax systems end up honoring only one of the three components of the tax equation and cease to reflect a coherent idea of justice. The book will be of interest to academics and researchers working in the areas of tax law, economics, theology, and history.