Moral Economy in Global Perspective: Protestant Christianity, Confucianism, Islam and Hinduism
School of Economics and Business Administration
Organizations and Responsible Business
Purushartha: A Journal of Management Ethics and Spirituality
A religio-cultural perspective underlying capitalism in the U.S., which is found in a distorted understanding of individualism originally rooted in Calvinist Protestantism,provides a theological justification for a winner-take-all economic system that influences global economic policy-makers. This perspective can be compared to and augmented with religio-cultural perspectives grounded in the world religions, which provide insights for a better understanding of the individual (Protestantism; Hinduism), the importance of valuing affective relationships (Confucianism), the justice of fair economic distribution (Islam), and the sacredness and interconnectedness of all of Nature, including humanbeings (Hinduism).
The inclusion of such wisdom contributes to a more robust conversation on the global level about what values economic policies should serve and suggests policy imperatives. Such contributions reorient current assumptions and therefore could contribute to thedevelopment of global economic policies that are more responsive to the needs of individuals, families, communities, societies and planetary well-being, and less focused on justifying the accumulation of wealth by the powerful.
SMC Affiliated Work
Business | Economics
McGraw, B. (2012). Moral economy in global perspective: Protestant Christianity, Confucianism, Islam and Hinduism. Purushartha: A Journal of Management Ethics and Spirituality 5(2).
McGraw, Barbara. Moral Economy in Global Perspective: Protestant Christianity, Confucianism, Islam and Hinduism (2012). Purushartha: A Journal of Management Ethics and Spirituality. 5 (2), [article]. https://digitalcommons.stmarys-ca.edu/school-economics-business-faculty-works/177