Ewert (1989), argues that, within their thoughts, the morality and justness of an economic structure are significant than its efficiency (p. 103). This appears to be logical, considering how inefficient and bloated the national budget, the economy, as well as the stock market are in the current era. The stock market currently is indicating a high record, on the contrary the economy continues with a turndown trend. The stock market, in addition, is extremely connected to the world market, making it inefficient and more precarious.
Ewert (1989) is to the opinion that market ought not to be judged via moral guidelines or principles (Genesis 1: 26-28), as done by Christian left, but rather, free market must be judged using its viability and success. Free market can be described as an economic system rather than a moral system. Ethics and morals help in maintaining honesty and fairness in a free market, but it is mainly a finance market, instead of social concern, and it must be judged accordingly. Ewert (1989) makes many arguments highlighting weaknesses within the Christian assessment of market principles, and particularly, this is a valid argument because it appears to be honest, balanced, and correct.
According to discussion of Hazlitt (1979), this assessment is backed up. It is argued that a free market never have moral features or characteristics and its’ functioning may have both bad and good consequences. All these evaluations appear correct. People may view something in whichever way they so wish and selects. Some will often view free market like a corrupt and capitalistic way of conducting business, whereas others may view it like the single possible way for a growing economy. However, market is like a machine than a social entity. As pointed out, its’ perceived moral shortcomings are common things to humanity (Ewert, 1989, p. 109), which is a valid argument.
Reference
Do You Agree With The Critique Of The Market In Ken Ewert's “moral Criticisms Of The Market”? Why Or Why Not? Researchomatic .Retrieved 2, 2014, from http://www.researchomatic.com/Do-You-Agree-With-The-Critique-Of-The-Market-In-Ken-Ewerts-moral-Criticisms-Of-The-Market-Why-Or-Why-Not-127968.html
Hazlitt, H. (1979). Economics in one lesson: The shortest and surest way to understand basic economics. New York, NY: Crown Publishers. ISBN: 9780517548233.
The Holy Bible: Genesis 1: 26-28. Printed at London: By Robert Barker, Printer to the Kings most Excellent Maiestie, and by the assignes of Iohn Bill.
