Capitalism and the Fall of Market Morality: How Piketty, Sandel, and the Skidelskys Vindicate R. H. Tawney's Economic Ethic

This article reappraises the thought of the British economic historian, writer on political economy, Christian socialist, and great intellectual of the Labour Party, R. H. Tawney on market morality. It extracts and synthesizes moral insights from Tawney's two most influential books Religion and...

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Bibliographic Details
Published in:Political theology
Main Author: Simpkins, Matthew (Author)
Format: Electronic/Print Article
Language:English
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Published: Routledge, Taylor and Francis Group [2017]
In: Political theology
Standardized Subjects / Keyword chains:B Tawney, Richard H. 1880-1962 / Christianity / Market economy / Economic ethics / Capitalism
IxTheo Classification:KAJ Church history 1914-; recent history
KDE Anglican Church
NCE Business ethics
Further subjects:B Economics
B Market morality
B Political Economy
B Capitalism
B Inequality
Online Access: Volltext (doi)
Description
Summary:This article reappraises the thought of the British economic historian, writer on political economy, Christian socialist, and great intellectual of the Labour Party, R. H. Tawney on market morality. It extracts and synthesizes moral insights from Tawney's two most influential books Religion and the Rise of Capitalism and Equality in order to present his economic ethic, its political implications, and Christian theological roots. Tawney's ethic, which holds that market morality, social ethics, and politics are inseparably linked, is then evaluated in the light of contemporary economists and philosophers, including Thomas Piketty, Michael Sandel, Robert and Edward Skidelsky, and Harry Frankfurt. Tawney's ideas are found to be insightful and useful, particularly in linking unrestrained capitalism with inequality, exploring capitalism's opposition to market morality, finding synergies between theological and secular humanist critiques of capitalism, and in addressing criticisms of the moral significance of equality itself.
Item Description:Das Heft ist als Doppelheft erschienen: "Volume 18 Numbers 7-8 November-December 2017"
ISSN:1462-317X
Contains:Enthalten in: Political theology
Persistent identifiers:DOI: 10.1080/1462317X.2017.1284297