Business Administration Faculty Presentations
Document Type
Conference Presentation
Event Date
4-7-2016
Conference/Event
Association of Private Enterprise Education
Location
Las Vegas, NV
Abstract
Modern capitalism is often condemned not simply due to market failure (efficiency grounds), but increasingly due to unjust results (equity grounds). Yet many of the underlying moral concerns are more appropriately targeted on what is often called crony capitalism, where governmentgranted privileges lead some to profit at the expense of others. This paper examines the morality of crony capitalism from a Biblical perspective, comparing the processes used in crony capitalism against the Biblical requirements for justice, impartiality, loving thy neighbor, and the role of government.
Disciplines
Economics
Keywords
Crony capitalism, Biblical morality, free markets
Recommended Citation
Haymond, Jeffrey E., "Biblical Critique of Crony Capitalism" (2016). Business Administration Faculty Presentations. 66.
https://digitalcommons.cedarville.edu/business_administration_presentations/66
