The Theory Of Moral Sentiments Essay

1981 Words Apr 27th, 2015 8 Pages
Without morality, the market would destroy itself. Critics believe market economy and globalization have developed habits, beliefs, and institutions that hinder social and ethical agendas. In its efforts to reduce child labor, poverty in poor countries, the promotion of gender equality and environmental protection, market economy and globalization is everywhere. However, over the past century, theologians, scholars, and economists continue to debate the effect markets have on society and different environments. Adam Smith, the father of economics, was able connect the two themes of morals and markets in his book, The Theory of Moral Sentiments. He discovered that markets serve human needs properly only if markets operate in a moral context. The purpose of this paper is to prove that markets without morals leads to destruction; this composition will include determinants of priorities for society, an explanation about how commercialism is replacing Christ centered morals, a research on other macroeconomic concepts and biblical teaching studied, an analysis of commoditization and the values of a society, and the responsibilities Christians should have in the world. Firstly, to see how markets are destroyed without morals, one must first evaluate the determinants of priorities for society. There are three main priorities of society; these include a right to health, accomplishment, and freedom. The first on is that everyone has a right to health. According to L. David Roper,…

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