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Economic Morality and Jewish Law
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Economic Morality and Jewish Law

Aaron Levine

Abstract

This book compares the way in which welfare economics and Jewish law determine the propriety of an economic action, whether by a private citizen or the government. Espousing what philosophers would call a consequentialist ethical system, welfare economics evaluates the worthiness of an economic action based on whether the action would increase the wealth of society in the long run. In sharp contrast, Jewish law espouses a deontological system of ethics. Within this ethical system, the determination of the propriety of an action is entirely a matter of discovering the applicable rule in Judaism ... More

Keywords: welfare economics, consequentialist ethical system, Jewish law, ethics, economic public policy, living wage, lemons problem, short selling, Ronald Coase, negative externalities

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780199826865
Published to Oxford Scholarship Online: April 2015 DOI:10.1093/acprof:osobl/9780199826865.001.0001

Authors

Affiliations are at time of print publication.

Aaron Levine, author
Samson and Halina Bitensky Professor of Economics, Yeshiva University