Moral/Theological Issues & Economics This paper discusses four specific topics deali

The major criticisms based on ethical and moral grounds that relate to a market-driven economy are discussed hereafter. The first criticism has to do with the part played by the profit motive and self-interest, which in many writings have been associated with a corrupting influence. However, the Christian accepts that self-interest as well as selfishness are hallmarks in a world in which we live. The second criticism has to do with the nature and effects of competitive markets. Is competition Christian? Since competition is a method of dealing with scarcity which remains of fundamental importance in the world in which we live, the case for competitive markets is that in a world of scarcity they are superior to other practical forms of economic organizations in terms of allocating resources.

Another moral objection to the market economy is that it produces inequality in wages, which is impossible to justify on Christian grounds. However, in a market economy, wage differentials are determined by scarcity and not by the intrinsic moral worth of a job being done. Given basic differences of skills, energy and ambition, and given the freedom to work and trade, individuals will find themselves wi

. . .
Some common words found in the essay are:
Christians God, , Beisner's Mott's, Oxford Declaration, God Creator, Samuel Sider, Post-Cold War, References Beisner, IVP Mott, Eerdmans Griffith, oxford declaration, schlossberg samuel, market economy, schlossberg samuel sider, samuel sider, grand rapids mi, griffith 1984, mi wm, world live, topic paper, rapids mi, war era oxford, oxford declaration beyond, natural resources, economics post-cold war,
Approximate Word count = 1124
Approximate Pages = 4 (250 words per page)