Do Markets Promote the Worst Kinds of Behavior?

by Apr 23, 2013

The full article is posted at The Institute for Faith, Work & Economics

In the discussion of markets and morality, objections to free markets often center around values and character. Art Lindsley recently wrote about the need for Christians of character to be involved in culture, and that need is just as great within markets. Why?

Critics of free enterprise often argue that it promotes the worst kind of human behavior, and  it must be rejected if moral human action is to prevail. They argue that free enterprise promotes jealousy, envy, and greed.

In their opinion, life on this planet would be better served if we substituted another means of control over the production and distribution of economic goods. The assumption is that the collectivization of economic life would promote the highest level of virtuous living amongst one another.

Is this assumption correct?

First, it must be noted that jealousy, envy, and greed are all evidence of the inherent sinful passions present in every human heart. They are not spawned by economic activity. To assume that these vices are the outgrowth of economic action displays ignorance of what constitutes a free market.

Continue reading:
The Institute for Faith, Work & Economics

Paul Cleveland

Boundary Stone was started by Dr. Paul Cleveland. Working as a professor for over 35 years has allowed him to study and think deeply about issues of political economy. He has discovered ways to communicate these sometimes illusive concepts to today's students, often through story telling, which makes understanding these principles more accessible to all of us.

0 Comments

Submit a Comment

Your email address will not be published.

Do you need tools for educating students in government or economics?

Our curriculum for government and economics gives you all you need to teach a semester of each. Curriculum bundle options are available at discounted rates. See the difference natural law foundations make.

You may also like…

The Great Utopian Delusion: Why Socialists Must Destroy Our Norms

The Great Utopian Delusion: Why Socialists Must Destroy Our Norms

In the last few years, it seems our nation has been turned upside down. We are told that boys can be girls and girls can be boys. We are told that there is an ever-increasing number of genders. We are told repeatedly that climate change is producing an apocalyptic disaster because there is too much carbon dioxide in the atmosphere. We are told…

read more
Why Study History?

Why Study History?

Ben Franklin once said, “Experience keeps a dear [that is, costly or expensive] school. The fool will learn in no other.” One of the reasons for studying history is to broaden our knowledge far beyond what we could acquire from personal experience. The study of history is a way to learn in a much less expensive school. We are able to buttress our limited experience with the experience of the entire human race throughout the ages.

read more
Login
Log in below to access your courses.
Forgot Password
Enter your email address or username and we’ll send you instructions to reset your password.