2021 Theses Master's

Economic Growth, Social Justice and the Bible: The Search for a New System

Melazhakam, Mathew Joseph

Social justice makes not just a moral sense but also an economic sense. Sustained economic growth and prosperity for nations cannot be achieved without social justice. There could be a short-run tradeoff between the two, but that tradeoff breaks down sooner than later, and growth peters out unless the fruits of growth are shared equitably. Therefore, the U.S. problem of low growth and high unemployment cannot be resolved unless its age-old discrimination based on race, ethnicity, gender, and income is successfully tackled.