Free economy in a Jewish perspective

Madalina Calance

MPRA Paper from University Library of Munich, Germany

Abstract: Science and rationality always excluded religion. However, in his last work, The Fatal Conceit, the great economist Friedrich von Hayek stated that religion has been one of the enduring pillars of the free market economy, through a consistent heritage of practices and beliefs. By making some analogies to the liberal point of view, this paper analyses the way Jews embraced free economy. The research goal is to establish connections between Jewish and liberal thought, concerning wealth and liberty. We find out that the principles of Judaism are supporting private charity, limited government and laissez-faire capitalism.

Keywords: Jews; private property; government; free market; freedom (search for similar items in EconPapers)
JEL-codes: F1 H19 N34 Z12 (search for similar items in EconPapers)
Date: 2012-05-01, Revised 2013-01-02
New Economics Papers: this item is included in nep-hpe
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