The examination of the relationship of economic activity to
other important aspects of human life and social behavior has
inspired some of the most interesting and provocative
social-scientific research in the past one hundred years. This book
of original essays by leading thinkers across many disciplines
offers new insights into enduring questions about how modern and
modernizing market economies are both shaped by and shapers of
morality, values, and religion.
Part 1, "Markets and Morals," offers eight contributors who
provide analyses of the various ways in which the market operates
in relation to morality. An empirical presentation of moral values
and market attitudes is given. Other essays take aim at how markets
serve and disserve moral interests: Economic growth has moral
consequences; the manipulation of markets exposes a moral
underside; the nature of market failure has implications for
understanding moral vulnerability; preference change has moral
implications. In other chapters, a broad consideration of the
positive moral effects of market economies is offered along with
historical essays on the role that intellectuals have played in
debates about the positive and negative effects of commercial life
and on the ways in which the American idea of the pursuit of
happiness reveals much about the morality of economic life.
In Part 2, "Markets and Religion," nine contributors address
both the historical and contemporary emergence of religious factors
in the growth and transformation of global capitalism. Major
religious traditions, including Judaism, Christianity, and Islam
are examined for their contributions to answering questions about
the nature and function of economic life in light of religious
ideas and ideals. Several essays present original approaches to the
importance of religious values to modern forms of consumption and
to the political economy of reconciliation and forgiveness in
nations coming to terms with past conflict. Finally, the influence
of non-Western ideas, in particular Chinese religions and Buddhism
on economic thought and practice, is assessed as part of the
globalizing impact of religion on economic life generally.
"Jonathan B. Imber" is Class of 1949 Professor in Ethics and
Professor of Sociology at Wellesley College. He is editor-in-chief
of "Society." "Peter L. Berger" is University Professor of
Sociology and Theology at Boston University and director of the
Institute on Culture, Religion, and World Affairs.
General
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