Logo image
Envy in the Market Economy: Sin, Fairness, and Spontaneous (Dis)order
Journal article   Open access

Envy in the Market Economy: Sin, Fairness, and Spontaneous (Dis)order

Jordan J Ballor and Victor V Claar
Faith and Economics, (61-62), pp.33-53
04-01-2013

Abstract

Cultural Cultural Economics: Religion (Z12) Economic Sociology, Economic Anthropology, Language, Social and Economic Stratification (Z13) Equity, Justice, Inequality, and Other Normative Criteria and Measurement (D63) Fairness Relation of Economics to Social Values (A13) Economics
This paper explores the problem of envy ("sadness at another's good") from both theological and economic perspectives. The theological analysis helps show why envy is a perennial feature of human existence and an ongoing problem for ordered and flourishing social life. The economic analysis examines various attempts to come to grips with envy and its implications, showing the complexity of envy's tractability (or lack thereof), and the resulting complications for attempts to minimize or eliminate envy through public policy initiatives aimed at inequalities resulting from market outcomes. The authors conclude that there are two variables at play in the calculus of envy: our sadness and another's good. Envy could theoretically be reduced via the destruction of some goods, which often is the unintended result of policy solutions. But a more socially beneficial and morally responsible course of action is to focus on the economic, spiritual, and cultural causes of envy and their corresponding remedies.
url
https://doi.org/10.2139/ssrn.2156424View
Open

Related links

Metrics

11 Record Views

Details

Logo image