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Judaism, Markets, and Capitalism
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Judaism, Markets, and Capitalism

by ,

Acton Institute 2006

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Overview

Why is it that American Jews suffer from (or perhaps enjoy) a particularly acute case of champagne socialism? The most popular answer to this difficult question involves the impact of Judaism on the belief system of American Jews, as well as Judaism’s emphasis on aggressively pursuing social justice. According to the publisher, the conventional wisdom is that Judaism motivates Jews to be highly educated and to succeed professionally but to fervently support relatively collectivist social policies and other forms of aggressive government intervention for shaping an ideal society.

Corinne and Robert Sauer, co-founders of the Jerusalem Institute for Market Studies, contend that “it is not at all true that Judaism is a set of principles that endorses income redistribution and other progressive social programs.” Instead, they say, Judaism is a system of thought that more naturally aligns itself with the basic principles of economic liberalism.

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Save more when you purchase this book as part of the Acton Monographs on Social and Economic Morality collection.

Key Features

  • Presents Christians with invaluable insight into the daily economic choice before them
  • Delivers international perspectives on Christian economic principles
  • Provides important modern scholarship that engages both the mind and the heart

Product Details

About the Authors

Corinne Sauer is co-founder and director of the Jerusalem Institute for Market Studies (JIMS). Ms. Sauer earned an MA in economics at the University of Aix-Marseille III in 1987 and was an Austrian Economics fellow in the economics PhD program at New York University during the years 1988–1990. Throughout the 1990s, and prior to forming JIMS in Israel, Ms. Sauer was a senior economic consultant for Integral Research, Inc., a consulting firm in New York City.

Robert M. Sauer is chair of the Department of Economics at the University of Southampton in the United Kingdom and founding president of the Jerusalem Institute for Market Studies (JIMS), an economic policy think-tank located in Israel. Professor Sauer has also taught economics in the United States at Brown University and in Israel at Tel Aviv University and the Hebrew University of Jerusalem. Professor Sauer has published articles in leading academic journals, including the Journal of Political Economy, the Review of Economic Studies, the Journal of Labor Economics, and the Oxford Review of Economic Policy.