The Power of Monetary and Fiscal Policies in a Neoliberal Age

A Christian Ethical Engagement with the Cases of Sweden and the United States

Bibliographic Data

ID14760599
AuthorsIlsup Ahn (0000-0001-6853-7259, corresponding author), Per Sundman
Year2024
Volume52
Issue4
Pages470-495
Publication date2024-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Religious Ethics (JOURNAL)
Journal identifiersISSN: 0384-9694 • E-ISSN: 1467-9795
PublisherWiley (PUBLISHER • GB)
DOI10.1111/jore.12486
OpenAlexW4405598156
LanguageEN
Citations received1
References cited16

The purpose of this coauthored research is to develop a Christian ethical argument that better addresses the various social ills of financial neoliberalism, especially the growing wealth gap between the haves—the top 1%—and the have‐nots—the bottom 50%. We find that a more progressive and integrative approach to monetary and fiscal policy is necessary. First, we critically review the histories of United States and Swedish monetary policies. We then provide a theological perspective regarding how Christian ethicists should engage with neoliberal structural injustice. Finally, we propose an ethical principle of justice for use in the state's macroeconomic management of money: the accumulation of financial capital should also promote the increase of social capital. Put negatively, the accumulation of financial capital should not be achieved at the expense of depleting social capital

Economics · Keynesian economics · Monetary policy · Political science · Power (physics · Sociology · Religion and Society Interactions · Religion, Society, and Development

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