Jewish, Christian, and Islamic traditions together offer practical guidance for management of global economy
FOR IMMEDIATE RELEASE
Decatur, GA. Mark Douglas, associate professor of Christian ethics at Columbia Theological Seminary, was one of 11 participants in the Caux Round Table, which convened this summer in Caux, Switzerland, to address moral and ethical issues related to the current global economic crisis. With representation from Judaism, Christianity, and Islam—the Abrahamic faith traditions—the group comprised religious leaders, scholars, and legal and business professionals who collaborated in writing The Mountain Statement, a set of practical lessons for the conduct of finance and business. The statement’s release this fall month coincides with the second anniversary of the failure of private credit markets, which triggered a global economic crisis.
Dr. Douglas says, “The Mountain Statement is significant because it brings together resources of Judaism, Christianity, and Islam in one document at a time when there is so much conflict among and within these faith traditions.”
Explaining the perspective of the Caux Round Table, he says, “We are convinced that reforms in laws and regulatory policies aren’t enough to prevent another crisis. A principal factor in the current situation was poor judgment and lack of basic caution, which we believe was caused by a collapse of personal values. So, if a lack of morality and ethics contributed to the current credit crisis, morality and ethics should play a role in preventing that from happening again.”
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