Article

Principles of Ethical and Communal Investment in Judaism: A Jewish Law Approach

Asher Meir

in The Oxford Handbook of Judaism and Economics

Published in print December 2010 | ISBN: 9780195398625
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195398625.013.0014

Series: Oxford Handbooks

 Principles of Ethical and Communal Investment in Judaism: A Jewish Law Approach

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Jewish tradition recognizes that communal institutions cannot function without financing: “If there is no flour, there is no Torah.” This article focuses on the principles of ethical and communal investment in Judaism from the perspective of the Jewish law. This article begins with financial governance in Jewish traditions. It devotes significant attention to the topic of appropriate financial management of public funds. This article further explains the practice of finance through concepts such as prudential investment and its procedure. Section II of this article discusses the principles of ethical investment in Judaism with an elaborate introduction on Jewishly responsible investment, also known as socially responsible investment. Idea of condoning wrongdoing, abetting wrongdoing and default of duty according to the Talmud are described in details. One Talmudic example of aiding wrongdoers in the ritual sphere is selling items whose only use is for pagan worship. A detailed analysis of various ethical practices concludes this article.

Keywords: Jewish tradition; communal institutions; Jewish law; Judaism; Talmud; ethical practices

Article.  11086 words. 

Subjects: Economics ; Financial Markets ; Industry Studies

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