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Reflections on Aaron Levine's Economics and Jewish Law: Halakhic Perspectives

Wheaton College, Illinois

Aaron Levine, in his book Economics and Jewish Law: Halakhic Perspectives, makes a strong case for the relevance of biblical ethics to modern policy concerns. His arguments, while persuasive at one level, are more problematic when he attempts to derive specific insights for the governance of modern capitalism. The halakhic society was based on a set of presuppositions that are not completely transferred to modern society; the flow of information and the incentive structure are very different in the modern society as contrasted with the Jewish community; and the evolutionary nature of Jewish law and its theistic foundations made large-scale favor-seeking (a very real modern-day problem) unlikely.

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