The Economics of Religion

  • William Grassie


Typically, when we juxtapose the terms religion and economics, people immediately begin to think about morality and ethics. Religions have a lot to say about economic pursuits, and most of it is critical. Perhaps there is something called “Christian Economics,” “Buddhist Economics,” and “Islamic Economics.” All major religions teach about the dangers of “materialism” and promote some concept of spiritual investment in eternal verities and otherworldly realities. More and more, religions also have a lot to say about environmental degradation and the obligations of responsible stewardship of the planet. In all the major religions, we find some formulation of the Golden Rule, that is, do unto others as you would have others do unto you. We might ask, as many have, what an economic system based on the utility function of the Golden Rule would actually look like and note that such systems have never been realized on any grand scale.


Utility Function Arab Country Islamic Bank Muslim World Resource Curse 
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© William Grassie 2010

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  • William Grassie

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