Solution to the Current Global Economy: Judaism and Economic Reform, by Norman Solomon

In the essay “Judaism and Economic Reform”, Norman Solomon, a Jewish-American journalist, presents a compelling argument on the basis of the need for economic reform while providing simple religious base solutions. While discussing two major economic problems that plague the world’s current economy, Solomon introduces the Jewish view of the global economy and their general view on economics as a whole. With this introduction to the Jewish worldview of economics we as readers are able to transition into understanding Solomon’s solutions of education & using Jewish law to improve the current state of the global economy. Although Solomon’s ideas of education and relying on Jewish law to improve the global economy seem logical, Sallie McFague, a Christian theologian, provides a different yet similar viewpoint of improving the global economy in her essay “New House Rules: Christianity, Economics, and Planetary Living”. Her discussion of ecological and neo-classical economics forces the reader to revert back to Solomon’s essay to analyze his methods of fixing the current global economy.

Sallies McFague’s discussion of ecological and neo-classical economics from the Christian perspective is an eye-opening experience because it demonstrates the two possible dynamics of our world’s economy. The neo-classical economic dynamic “sees human beings on the planet as a collection of individuals drawn together to benefit each other by fully exploiting natural resources” while the ecological economic dynamic “sees the planet as a community that survives and prospers only through the interdependence of all its parts, human and nonhuman” (McFague 127). McFague states that the current global economy is neo-classical which is a detrimental system to ...

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...n will definitely provide a better economy for these third world countries, but the only draw back is that it will not be a short-term effect. Lastly McFague in her essay provides a reasonable solution of ecological economics where everybody on one accord forgets their self-interest and understands that everyone is dependent upon each other. In the end no solution will work unless both categories of economic countries understand their position and begin to work together.

Works Cited

1. McFague, Sallie. "New House Rules: Christianity, Economics, and Planetary Living."Subverting Greed: Religious Perspectives on the Global Economy. Maryknoll, NY: Orbis, 2002. 125-40. Print.

2. Solomon, Norman. "New House Rules: Christianity, Economics, and Planetary Living."Subverting Greed: Religious Perspectives on the Global Economy. Maryknoll, NY: Orbis, 2002. 96-117. Print.