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The market economy is deeply congruent with the values set out in the Hebrew Bible. Material prosperity is a divine blessing. Poverty crushes the spirit as well as the body, and its alleviation is a sacred task. Work is a noble calling.
Jonathan Sacks
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Interpretation

What this quote means

The quote emphasizes the alignment of market economy with biblical values, portraying material wealth as a blessing and the alleviation of poverty as a sacred duty.

Jonathan Sacks discusses the relationship between the market economy and the values presented in the Hebrew Bible, highlighting how wealth should not be seen merely as a means of personal gain, but rather as a divine gift that warrants responsible stewardship. He suggests that alleviating poverty is not only an ethical imperative but also a deeply spiritual responsibility, emphasizing the nobility of work in contributing to this sacred task.

Themes

Market EconomyValuesProsperityPovertyWorkSacred Task

In practice

Example use cases

In a discussion about the intersection of economics and ethics, this quote serves to highlight the importance of responsibility towards others in wealth management.

More from Jonathan Sacks

Stabilizing the euro is one thing, healing the culture that surrounds it is another. A world in which material values are everything and spiritual values nothing is neither a stable state nor a good society. The time has come for us to recover the Judeo-Christian ethic of human dignity in the image of God.
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Governments cannot make marriages or turn feckless individuals into responsible citizens. That needs another kind of change agent.
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Jews read the books of Moses not just as history but as divine command. The question to which they are an answer is not, 'What happened?' but rather, 'How then shall I live?' And it's only with the exodus that the life of the commands really begins.
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Why did God create mankind? Because God likes stories.
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Find people not to envy but to admire. Do not the profitable but the admirable deed. Live by ideals.
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Some years ago there was a study to discover the most stressful occupation. It turned out not to be the head of a large business, football manager or prime minister, but rather: bus driver.
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