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    Judaism, Markets, and Capitalism: Separating Myth from Reality
    Judaism, Markets, and Capitalism: Separating Myth from Reality
    Judaism, Markets, and Capitalism: Separating Myth from Reality
    Ebook44 pages30 minutes

    Judaism, Markets, and Capitalism: Separating Myth from Reality

    By Corinne Sauer

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    About this ebook

    How does one account for the widespread distaste among Jews for the free market? Will Jews, who earn per capita almost twice as much as non-Jews in America, ever get over their "champagne socialism"? Corinne and Robert Sauer, co-founders of the Jerusalem Institute for Market Studies, contend that "it is not at all true that Judaism is a set of principles that endorses income redistribution and other progressive social programs." Instead, they say, Judaism is a system of thought that more naturally aligns itself with the basic principles of economic liberalism.

    LanguageEnglish
    PublisherActon Institute
    Release dateMay 4, 2012
    ISBN9781880595596
    Judaism, Markets, and Capitalism: Separating Myth from Reality

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      Book preview

      Judaism, Markets, and Capitalism - Corinne Sauer

      Judaism, Markets, and Capitalism: Separating Myth from Reality

      Corinne Sauer and Robert M. Sauer

      Smashwords Edition

      Copyright © 2012 by Acton Institute

      An imprint of the Acton Institute for the Study of Religion & Liberty

      Edition License Notes

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each person you share it with. If you're reading this book and did not purchase it, or it was not purchased for your use only, then you should return to Smashwords.com and purchase your own copy. Thank you for respecting the author's work.

      CONTENTS

      I. Introduction

      II. The Political Preferences of American Jews

      III. The Political Preferences of Israeli Jews

      IV. Jewish Theology and Economic Theory

      V. Some Policy Implications

      VI. The Legacy of European Anti-Semitism

      Notes

      About the Authors

      Judaism, Markets, and Capitalism: Separating Myth from Reality

      The active participation of man in the creation of his own wealth is a sign of his spiritual greatness.

      —Rabbenu Bachya

      Introduction

      Milton Himmelfarb, one of the most well-known sociographers of the American Jewish community, definitively summed up the American Jewish political paradox with his famous aphorism: Jews earn like Episcopalians and vote like Puerto Ricans. American Jews, it seems, tenaciously refuse to be part of any empirical regularity that links higher income levels with more conservative, or economically liberal (in the European sense), political positions. Recent data indicate that American Jews earn per capita almost twice as much as non-Jews. Yet, they are between 33 and 50 percent less likely than American Catholics and Protestants to identify themselves as supporters of the free market.¹

      Why is it that American Jews suffer from (or perhaps enjoy) a particularly acute case of champagne socialism? The most popular answer to this difficult question involves the impact of Judaism on the belief system of American Jews, as well as Judaism’s emphasis on aggressively pursuing social justice.² The conventional wisdom is that Judaism motivates Jews to be highly educated and to succeed professionally but to fervently support relatively collectivist social policies and other forms of aggressive government intervention for shaping an ideal society.

      In this monograph, we raise serious questions about the plausibility of this theory. In our view, the fundamental problem with the so-called standard answer is that it is not at all

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