Abstract

http://ssrn.com/abstract=2156424
 
 

References (42)



 


 



Envy in the Market Economy: Sin, Fairness, and Spontaneous (Dis)Order


Jordan J. Ballor


Acton Institute for the Study of Religion & Liberty; Journal of Markets & Morality

Victor V. Claar


Henderson State University

November 4, 2013

Faith and Economics 62 (Fall 2013)

Abstract:     
This paper explores the problem of envy (“sadness at another’s good”) from both theological and economic perspectives. The theological analysis helps show why envy is a perennial feature of human existence and an ongoing problem for ordered and flourishing social life. The economic analysis examines various attempts to come to grips with envy and its implications, showing the complexity of envy’s tractability (or lack thereof), and the resulting complications for attempts to minimize or eliminate envy through public policy initiatives aimed at inequalities resulting from market outcomes. The authors conclude that there are two variables at play in the calculus of envy: our sadness and another’s good. Envy could theoretically be reduced via the destruction of some goods, which often is the unintended result of policy solutions. But a more socially beneficial and morally responsible course of action is to focus on the economic, spiritual, and cultural causes of envy and their corresponding remedies.

Number of Pages in PDF File: 24

Keywords: envy, allocation mechanisms, justice, fairness, economic growth

JEL Classification: A13, D31, D63, H11

Accepted Paper Series


Download This Paper

Date posted: October 3, 2012 ; Last revised: November 14, 2013

Suggested Citation

Ballor, Jordan J. and Claar, Victor V., Envy in the Market Economy: Sin, Fairness, and Spontaneous (Dis)Order (November 4, 2013). Faith and Economics 62 (Fall 2013). Available at SSRN: http://ssrn.com/abstract=2156424 or http://dx.doi.org/10.2139/ssrn.2156424

Contact Information

Jordan J. Ballor (Contact Author)
Acton Institute for the Study of Religion & Liberty ( email ) ( email )
98 E. Fulton
Grand Rapids, MI 49503
United States
6164543080 (Phone)
6164549454 (Fax)
HOME PAGE: http://www.acton.org
Journal of Markets & Morality ( email ) ( email )
98 E. Fulton
Grand Rapids, MI 49503
United States
6164543080 (Phone)
6164549454 (Fax)
HOME PAGE: http://www.acton.org
Victor V. Claar
Henderson State University ( email )
1100 Henderson Street
HSU Box 7890
Arkadelphia, AR 71999-0001
United States
+1 870.230.5457 (Phone)
+1 870.230.5286 (Fax)
HOME PAGE: http://sites.google.com/site/vclaar/
Feedback to SSRN


Paper statistics
Abstract Views: 1,135
Downloads: 110
Download Rank: 147,523
References:  42

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.250 seconds