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Introduction: Assembling Market and Religious Moralities

Published online by Cambridge University Press:  13 April 2017

By
Filippo Osella  and
Daromir Rudnyckyj
Edited by
Daromir Rudnyckyj  and
Filippo Osella
Filippo Osella
Affiliation:
University of Sussex
Daromir Rudnyckyj
Affiliation:
University of Victoria
Daromir Rudnyckyj
Affiliation:
University of Victoria, British Columbia
Filippo Osella
Affiliation:
University of Sussex
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Summary

At the end of 2013, the director of mission and public affairs for the Church of England, Malcolm Brown, wrote in the pages of the widely read British liberal newspaper The Observer, “For the first time in a century, the Church of England is speaking about the morality of the marketplace and is not being told that ‘theology has nothing to say to economics, so shut up’” (Brown 2013: 29). Five years after the start of global economic recession, the Church's public intervention is not, however, simply posing religious ethics against the apparent a/immoral working of markets. Rather, “it's the recognition that the market is a brilliant distributional mechanism with great power to adapt and self-correct, provided there is enough moral awareness among the players to prevent the accumulation of overweening monopoly power.” Condemning the tendency of current markets to produce uncompetitive monopolies, Brown suggests that

A better economy need not mean jettisoning the disciplines of the market economy. It does mean recognizing that the market's inbuilt tendency to erode competition damages us all unless held in check. Regulation may be part of a solution, but it contains the ever-present spectre of distributing too much power in the hands of the state. The missing link is one which Adam Smith would have understood – the rediscovery of a moral consensus (he called it mutual sympathy) to mark the limits to markets so that, paradoxically, the market can deliver what people – including those too poor to interest an uncompetitive market – want and need. (ibid.)

Some months before Brown's comments, in a fundraising event organized in 2012 by the Islamic Education and Research Academy, Mr Amir delivered a lecture in Birmingham to a gathering of more than 3,000 people, mostly of Pakistani origin. An Egyptian-Canadian, Mr Amir is a well-known Muslim charity fundraiser, regularly invited by mosques, community organizations and charities to motivate and mobilize potential Muslim donors.

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Religion and the Morality of the Market , pp. 1 - 28
Publisher: Cambridge University Press
Print publication year: 2017

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Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

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Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

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