Editing Market economy (section)

== In religion ==
A wide range of philosophers and theologians have linked market economies to concepts from monotheistic religions. [[Michael Novak]] described capitalism as being closely related to Catholicism, but [[Max Weber]] drew a connection between capitalism and [[Protestantism]]. The economist [[Jeffrey Sachs]] has stated that his work was inspired by the healing characteristics of Judaism. [[List of chief rabbis of the United Hebrew Congregations|Chief Rabbi]] [[Jonathan Sacks, Baron Sacks|Lord Sacks]] of the [[United Synagogue]] draws a correlation between modern capitalism and the Jewish image of the [[Golden Calf]].<ref>Lord Sacks, [https://www.huffingtonpost.com/chief-rabbi-lord-sacks/religious-values-market-economy_b_1144469.html "Rediscovering Religious Values in the Market Economy"] {{Webarchive|url=https://web.archive.org/web/20171220071711/https://www.huffingtonpost.com/chief-rabbi-lord-sacks/religious-values-market-economy_b_1144469.html |date=2017-12-20 }}, ''HuffPost'', February 11, 2012</ref>

=== Christianity ===
In the Christian faith, the [[liberation theology]] movement advocated involving the church in labor market capitalism. Many priests and nuns integrated themselves into labor organizations while others moved into the slums to live among the poor. The [[Holy Trinity]] was interpreted as a call for social equality and the elimination of poverty. However, the [[Pope John Paul II]] was highly active in his criticism of liberation theology. He was particularly concerned about the increased fusion between [[Christianity]] and [[Marxism]]. He closed Catholic institutions that taught liberation theology and dismissed some of its activists from the church.<ref>[http://www.bbc.co.uk/religion/religions/christianity/beliefs/liberationtheology.shtml "Liberation theology"] {{Webarchive|url=https://web.archive.org/web/20191029113428/http://www.bbc.co.uk/religion/religions/christianity/beliefs/liberationtheology.shtml |date=2019-10-29 }}, ''BBC'', July 18, 2011</ref>

=== Buddhism ===
The Buddhist approach to the market economy was dealt with in [[E. F. Schumacher]]'s 1966 essay "Buddhist Economics". Schumacher asserted that a market economy guided by Buddhist principles would more successfully meet the needs of its people. He emphasized the importance of pursuing occupations that adhered to Buddhist teachings. The essay would later become required reading for a course that Clair Brown offered at [[University of California, Berkeley]].<ref>Kathleen Maclay, [http://news.berkeley.edu/2014/03/13/buddhist-economics-oxymoron-or-idea-whose-time-has-come/ "Buddhist economics: oxymoron or idea whose time has come?"] {{Webarchive|url=https://web.archive.org/web/20200413091318/https://news.berkeley.edu/2014/03/13/buddhist-economics-oxymoron-or-idea-whose-time-has-come/ |date=2020-04-13 }}, ''Berkeley News'', March 13, 2014</ref>