Competition in consumption as viewed by Jewish law

Competition is the most basic force traditionally regarded by Western economists as governing both society's resources allocation and income distribution. No wonder, then, that many legal systems have been concerned with various aspects of competitive activity, and formulated laws and rulings t...

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Bibliographic Details
Main Author: Liebermann, Yehoshua (Author)
Format: Electronic Article
Language:English
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Published: Springer 1985
In: Journal of business ethics
Year: 1985, Volume: 4, Issue: 5, Pages: 385-393
Further subjects:B Resource Allocation
B Income
B Income Distribution
B Economic Growth
B Legal System
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Description
Summary:Competition is the most basic force traditionally regarded by Western economists as governing both society's resources allocation and income distribution. No wonder, then, that many legal systems have been concerned with various aspects of competitive activity, and formulated laws and rulings to keep market behavior within limits of ethical conduct. Jewish law has not been an exception., The focus of this paper is on competition in consumption. Its underlying assumption is that lawmakers' decisions approximate optimality in resource allocation. The validity of the ‘optimality’ assumption is assessed in light of the special moral features unique to Jewish law.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF02388592