Faith & Economics - Number 61/62 - Spring/Fall 2013 - Pages 33-53
Envy in the Market Economy:
Sin, Fairness, and Spontaneous (Dis)Order
Jordan J. Ballor
Acton Institute
Victor V. Claar
Henderson State University
Abstract: This paper explores the problem of envy (“sadness at another’s
good”) from both theological and economic perspectives. The theological
analysis helps show why envy is a perennial feature of human existence and
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analysis examines various attempts to come to grips with envy and its
implications, showing the complexity of envy’s tractability (or lack thereof),
and the resulting complications for attempts to minimize or eliminate
envy through public policy initiatives aimed at inequalities resulting from
market outcomes. The authors conclude that there are two variables at
play in the calculus of envy: our sadness and another’s good. Envy could
theoretically be reduced via the destruction of some goods, which often is
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morally responsible course of action is to focus on the economic, spiritual,
and cultural causes of envy and their corresponding remedies. JEL: A13,
D31, D63, H11. Keywords: envy, allocation mechanisms, justice, fairness,
economic growth.
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© 2013 Association of Christian Economists
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