Annotation Examines the relationships between religion and domestic public policy in America.

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.

As Americans seem bent on dismantling the safety net of the New Deal era, the most popular version of the culture wars' thesis paints an arguably cosmic battle between defenders of religious orthodoxy who embrace laissez-faire capitalism and secular elites who have imposed a Marxist welfare state upon an unsuspecting populace. Walsh shows that this thesis ignores the role of religious leaders in legitimizing the types of programs embodied in America's approach to the welfare state. Walsh explores the arguments of William Jennings Bryan, America's foremost fundamentalist who opposed the Social Darwinism often associated with the defense of laissez-faire capitalism, John Ryan, the Catholic priest whose writings foreshadowed Roosevelt's New Deal legislation, Reinhold Niebuhr, the influential mainstream Protestant leader who defended America's Cold War strategy of containment while opposing laissez-faire capitalism, and the arguments of influential African American Protestant and Jewish leaders. Finally he looks at the role of religious leaders in the contemporary debates over issues such as health care and welfare reform. Whenever possible, the relationship between the official views of the religious leaders is analyzed in light of the opinions and voting patterns of their constituents. The opinions and voting patterns of secular Americans are also contrasted to those of religious Americans. Of particular interest to scholars, students, and general readers concerned with the role of religion in American politics.

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.

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 open access book seeks to foster a multidisciplinary understanding of the ties between faith, financial intermediation, and economic progress by drawing on research across economics, finance, history, philosophy, ethics, theology, public policy, law, and other disciplines. Chapters in this edited volume examine themes as consequential as economic opportunities, real world outcomes and faith; values and consumerism; faith, financial intermediation and economic development in Western and Islamic societies; and the impact of faith issues on US workers, on the workplace and religion, and on the characteristics of good wealth. Though engaging with difficult questions, this book is written in an accessible style to be enjoyed by laypeople and scholars alike.

This book seeks to explain the political and religious factors leading to the economic reversal of fortunes between Europe and the Middle East.