The Biblical Ethic of Free Market Exchange

Authors

DOI:

https://doi.org/10.30800/mises.2021.v9.1351

Keywords:

Ethics, Religion, Free Markets

Abstract

Despite the calls of ‘Christian Socialists’ to bring market forces under the control of the state and its temporal power, the supreme text of Christianity not only supports the existence of free markets, it also prescribes their existence and operation as the normal, God-given means of social interaction. Both the Old and New Testaments of the Bible provide an ethical defense of the market itself, the division of labor, the principle of voluntary exchange, and the condemnation of force, fraud, and coercion. As the introduction of force into society and exchange is always and ever the policy of interventionists and socialists, the aim of this paper is to oppose those doctrines on the grounds of Biblical ethics. This is not to dismiss the pragmatic, historic, or epistemological failings of the interventionists. The dismantling of socialism on these grounds has been thorough and devastating as provided by the Austrian school of economics. This work provides a moral and ethical ground that not only dismisses the socialist agenda, but adds to an already robust body of work that rejects its interventions due to its inefficiencies, failed states, and its pretense of knowledge.

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Author Biography

Jeffery Degner, Cornerstone University – Grand Rapids - MI - United States

Assistant professor of economics, Traditional Undergraduate Business Division

References

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Published

2021-08-16

How to Cite

1.
Degner J. The Biblical Ethic of Free Market Exchange. MisesJournal [Internet]. 2021Aug.16 [cited 2021Sep.21];9. Available from: https://revistamises.org.br/misesjournal/article/view/1351

Issue

Section

Special Issue 2020