Market operation and distributive justice: An evaluation of the ACCRA confession

Graafland, J.J. (2008): Market operation and distributive justice: An evaluation of the ACCRA confession. Published in: ACE Journal No. 38 (2008): pp. 1-20.

Abstract

In the so-called ACCRA declaration of 2004 the World Alliance of Reformed Churches (WARC) condemns neo liberal globalisation on grounds of lack of justice. This paper outlines ten alternative criteria for distributive justice. We show that Biblical ethics support various of these criteria, including distribution in accordance to needs, the capability approach of Sen, reward of productivity and procedural justice in transactions. Next, we present an overview of empirical research to the impact of international market operation on distributive justice. We evaluate the conclusion of the WARC that market operation is opposite to Christian faith.

• Item Type: MPRA Paper
• Language: English
• Keywords: Distributive justice; libertarianism; moral desert; egalitarianism; Christian ethics; market operation; poverty; income inequality
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist ; Marxian ; Sraffian; D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z12 - Religion; A - General Economics and Teaching > A1 - General Economics > A13 - Relation of Economics to Social Values; P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy

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