Old Testament hospitality as reciprocity, Adam Smith and business ethics

Abstract

This article aims to underscore the progression of Old Testament hospitality as reciprocity for moral guidance and, specifically, business ethics in contemporary society. The study follows a comparative analysis of Old Testament hospitality and reciprocity in the work of Adam Smith that emphasises the role of mutual relations and voluntary exchange. It will be argued that reciprocity associated with hospitality in the Old Testament is an important principle that further developed in classic economics and provides ethical principles for contemporary large-scale, multi-cultural and multi-faith societies, although different from the small-scale societies of the Old Testament world. The interface of mutual relations and voluntary exchange in Old Testament hospitality and reciprocity in Smith unveils important ethical principles for contemporary business ethics regarding responsibility and accountability.

Contribution: The comparative analysis of Old Testament hospitality and reciprocity in Adam Smith’s work provides ethical principles based on mutual relations and voluntary exchange for contemporary, multi-cultural and multi-faith society, specifically in business ethics.