Hershey H. Friedman is Professor of Business and Marketing at Brooklyn College of the City University of New York. He can be reached via email at email@example.com.
Moral Capitalism: A Biblical Perspective
Article first published online: 6 SEP 2011
© 2011 American Journal of Economics and Sociology, Inc.
American Journal of Economics and Sociology
Volume 70, Issue 4, pages 1014–1028, October 2011
How to Cite
FRIEDMAN, H. H. and ADLER, W. D. (2011), Moral Capitalism: A Biblical Perspective. American Journal of Economics and Sociology, 70: 1014–1028. doi: 10.1111/j.1536-7150.2011.00800.x
- Issue published online: 6 SEP 2011
- Article first published online: 6 SEP 2011
We argue that laissez-faire capitalism in its current form is unsustainable, and that if it is to survive, we need to develop a new moral capitalism. An underexplored source on the subject that may provide insight into current difficulties is the Hebrew Bible. We explicate four basic principles of the Hebrew Bible and Talmud on economic affairs, and show how these ancient ideas can be used to create a more moral economic system.