Munich Personal RePEc Archive

Free economy in a Jewish perspective.

Calance, Madalina (2012): Free economy in a Jewish perspective.

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Abstract

Science and rationality always excluded religion. However, in his last work, The Fatal Conceit, the great economist Friedrich von Hayek stated that religion has been one of the enduring pillars of the free market economy, through a consistent heritage of practices and beliefs. By making some analogies to the liberal point of view, this paper analyses the way Jews embraced free economy. The research goal is to establish connections between Jewish and liberal thought, concerning wealth and liberty. We find out that the principles of Judaism are supporting private charity, limited government and laissez-faire capitalism.

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