Moral Evaluation of the Market Economy

MORAL EVALUATION OF THE MARKET ECONOMY 3

MoralEvaluation of the Market Economy

Accordingto Blank, in case markets are not balanced with domains such as thoseof community and family, they can carry individuals away from livingChristian values. Blank is of the opinion that government should playroles exceeding the minimum role of defending law, mitigatingexternalities, and guaranteeing competition (Blank &ampMcGurn,2004). According to her, governments are exclusively skillful atcoordinating and supporting the role of caring for the ‘other’.As such, Blank defends the government programs, which offer safetynets. Without the government funds, insufficient assistance wouldoffered to those that are temporarily incapable of working orpermanently disabled. Although Blank knows that government can makemistakes, she believes that the government is the only institutionthat is adequate in handling difficult and big problems.

Besides,according to Blank, markets do not promote virtuous behavior. She isof the opinion that a virtuous market should go beyond individualtraits, which implies that government and private structures whichsurround markets must reflect the Christian mandate of caring for thedisadvantaged and the poor (Blank &ampMcGurn,2004). Thus, according to Blank, markets are necessary, but notadequate institutions for attaining a productive and prosperoussociety. She is of the opinion that Christian theology recognizes theidea that humans can be self interested, but Christian faith callsindividuals to become more than self-interested whenever possible.Blank goes ahead and asserts that Christians must engage thegovernment in advancing their faith through showing other-interest.Blank is of the opinion that for Christians, programs of thegovernment may serve as an instrument of helping to support valuesand responsibilities that are taught through their faith. Thisattempts to make markets more efficient in the redistribution ofresources (Blank &ampMcGurn,2004).

References

Blank,R. M., &amp McGurn, W. (2004).&nbspIsthe market moral?A dialogue on religion, economics, and justice.Washington, D.C: Brookings Institution Press.