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A fresh look at how three important twentieth-century British thinkers viewed capitalism through a moral rather than material lens What’s wrong with capitalism? Answers to that question today focus on material inequality. Led by economists and conducted in utilitarian terms, the critique of capitalism in the twenty-first century is primarily concerned with disparities in income and wealth. It was not always so. The Moral Economists reconstructs another critical tradition, developed across the twentieth century in Britain, in which material deprivation was less important than moral or spiritual desolation. Tim Rogan focuses on three of the twentieth century’s most influential critics of capitalism—R. H. Tawney, Karl Polanyi, and E. P. Thompson. Making arguments about the relationships between economics and ethics in modernity, their works commanded wide readerships, shaped research agendas, and influenced public opinion. Rejecting the social philosophy of laissez-faire but fearing authoritarianism, these writers sought out forms of social solidarity closer than individualism admitted but freer than collectivism allowed. They discovered such solidarities while teaching economics, history, and literature to workers in the north of England and elsewhere. They wrote histories of capitalism to make these solidarities articulate. They used makeshift languages of “tradition” and “custom” to describe them until Thompson patented the idea of the “moral economy.” Their program began as a way of theorizing everything economics left out, but in challenging utilitarian orthodoxy in economics from the outside, they anticipated the work of later innovators inside economics. Examining the moral cornerstones of a twentieth-century critique of capitalism, The Moral Economists explains why this critique fell into disuse, and how it might be reformulated for the twenty-first century.
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Since the beginning of capitalism--with its mathematical equations and laws of supply and demand--its champions have claimed that studying the moral aspects of the theory interfere with its natural function. Yet, as this ethicist and theologian argues, economies are always deeply integrated in social relationships, in morality, and in ethics. Using historical examples, the book argues that when economically hard-pressed people come together to defend their common rights, they are giving voice to the principle of a moral economy that does not cheat the lower classes. Particular attention is paid to the 18th-century English food riots, the spontaneous resistance of 20th-century Malaysian farmers, and the North Americans who picketed the homes of Wall Street bankers in 2008 and 2009.
THIS LANDMARK WORK of cultural synthesis clearly debates fundamental historical issues, and Clark offers a wide-ranging social-historical assessment of the moralization of economic conduct among ordinary people in pre-modern Europe.
This introductory volume in the Building a Moral Economy series invites readers into a new vision for the future of economic life together. Ethicist Cynthia Moe-Lobeda crafts a compelling case for a new moral economy: its vital importance, the pivotal role religious networks can play, and the varied forms of action needed. Building a Moral Economy: Pathways for People of Courage is grounded in the stories of real people, with real struggles, triumphs, and creative energy. Moe-Lobeda invites readers to imagine an equitable, ecological, and democratic economy for themselves and their descendants and provides wise guidance for living into that vision. Readers will re-see economies as webs of relationship and will root economic life in the great love story--the story of God's astounding love for all creation, and God's call to align our lives with that love. Readers will encounter the work of economic transformation as a sacred journey--a journey of healing diseased relationships with Earth, with self, with neighbors far and near, and with the Sacred Source whom many call God. Moe-Lobeda conveys this as a journey of freedom to live as beings in community--human community, planetary community, and community with God. Moe-Lobeda's accessible prose explicitly faces the paradox of enormous moral challenges such as climate change held together with infinite hope. Welcoming readers into the vibrant global movement to build life-giving forms of economic life, she seeks to develop a sense of empowered agency. Are we the disinterested individuals motivated by material self-interest that neoclassical economics declared us to be, or are humans called to "think with" others, past, present, and future, seeking communion with all creation? Moe-Lobeda argues that our lives and Earth's well-being depend on choosing the latter path. The work is urgent; the time to embark on these pathways of restorative justice is now.
"Recalling the fascinating history of rural protests in seventeenth to nineteenth century England, (Lind) argues that today's crisis has as much to do with morals and ethics as with economics."-Kim Cariou, People's Voice