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Profits Without Honour? Economics, Theology and the Current Global Recession

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This article argues that the global economic crisis which began in 2008 creates opportunity for a wide-ranging debate about how internal and international markets operate; a debate to which theology would have much to contribute. While on the one hand it is important to look at the factors behind the crisis with a view to preventing its repetition, of greater worth would be a conversation—involving all stakeholders—about the values that should underpin economic activity once the crisis has passed. This will involve asking questions about the fundamental purpose of market activity—is it simply to achieve ‘growth’ in GDP terms or, additionally, outcomes like ‘happiness’ and ‘well-being’—and exploring how markets can operate to strengthen societies and enable all to enjoy ‘fullness of life’.


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Affiliations: 1: University of Otago New Zealand


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