This edited collection brings together expertise from around the globe to overview and debate key concepts and concerns in the economics of religion. While the economics of religion is a relatively new field of research in economics, economists have made and continue to make important contributions to the understanding of religion. There is much scope for economists to continue to make a significant contribution to debates about religion, including its implications for conflict, political economy, public goods, demography, education, finance, trade and economic growth.

This is a one-of-kind volume bringing together leading scholars in the economics of religion for the first time. The treatment of topics is interdisciplinary, comparative, as well as global in nature. Scholars apply the economics of religion approach to contemporary issues such as immigrants in the United States and ask historical questions such as why did Judaism as a religion promote investment in education? The economics of religion applies economic concepts (for example, supply and demand) and models of the market to the study of religion. Advocates of the economics of religion approach look at ways in which the religion market influences individual choices as well as institutional development. For example, economists would argue that when a large denomination declines, the religion is not supplying the right kind of religious good that appeals to the faithful. Like firms, religions compete and supply goods. The economics of religion approach using rational choice theory, assumes that all human beings, regardless of their cultural context, their socio-economic situation, act rationally to further his/her ends. The wide-ranging topics show the depth and breadth of the approach to the study of religion.

This book allows the reader to have an overview of the relations between religion and economics throughout history. It starts with the beginnings of early modern humans, when dreams (of dead ancestors), animism, synchronous movements and a propensity to exchange, led to the emergence of religion, which then contributed to the coordination and pooling of labor and to the definition of groups. This book surveys the various roles played by religion in economic life through the ages, which include the justification of the exploitation of nature, the expansion of trade, the emergence of inequality and of charity, the definition, enhancement and attenuation of hierarchies of dominance, the provision of various services and of the impact religion has had on economic performance at the micro and macro levels.

How religious beliefs and practices can influence the wealth of nations Which countries grow faster economically—those with strong beliefs in heaven and hell or those with weak beliefs in them? Does religious participation matter? Why do some countries experience secularization while others are religiously vibrant? In The Wealth of Religions, Rachel McCleary and Robert Barro draw on their long record of pioneering research to examine these and many other aspects of the economics of religion. Places with firm beliefs in heaven and hell measured relative to the time spent in religious activities tend to be more productive and experience faster growth. Going further, there are two directions of causation: religiosity influences economic performance and economic development affects religiosity. Dimensions of economic development—such as urbanization, education, health, and fertility—matter too, interacting differently with religiosity. State regulation and subsidization of religion also play a role. The Wealth of Religions addresses the effects of religious beliefs on character traits such as work ethic, thrift, and honesty; the Protestant Reformation and its long-term effects on education and religious competition; Communism’s suppression of and competition with religion; the effects of Islamic laws and regulations on the functioning of markets and, hence, on the long-term development of Muslim countries; why some countries have state religions; analogies between religious groups and terrorist organizations; the violent origins of the Dalai Lama’s brand of Tibetan Buddhism; and the use by the Catholic Church of saint-making as a way to compete against the rise of Protestant Evangelicals. Timely and incisive, The Wealth of Religions provides fresh insights into the vital interplay between religion, markets, and economic development.

Explores the fresh paradigms of 'religious economics' and 'economies of religion' under the scope of transdisciplinary and international perspectives. This title examines and appraises some of the theoretical developments and methodological innovations in religious and social sciences.

Using the tools of economics, this book analyses how religion affects decisions and outcomes in a wide range of areas, including education, employment, family size, entry into cohabitation and formal marriage, the choice of spouse and divorce. In each case, the relationships are rigorously quantified based on multivariate statistical analyses of large scale US data. The results show, for example, that when people marry outside their faith, there is an increase in the probability of divorce, the magnitude of the adverse effect depending in part on the ecumenical/exclusivist nature of the two religions. Other analyses show that youth who grow up with some religion in their lives are less likely than their counterparts with little or no religious involvement to drop out of high school or enter cohabiting arrangements at a young age. Overall, both religious affiliation and the extent of participation in religious activities are found to have far-reaching implications for economic and demographic behaviour. The book contains a wealth of data illustrating how the religious and secular realms of people’s lives are intimately intertwined. With its economic perspective, it offers new ways of thinking about these relationships and is a valuable resource for students and scholars interested in the role of religion in education, work and the family.

The new interdisciplinary field of Christianity and economics deals with the important and difficult questions that cluster at the boundary of these disciplines, drawing on contemporary theory and empirical findings in both fields, with roots in older discourses. This landmark volume surveys the field and advances the discussion. It deploys historical, economic, and theological analysis to search for answers.