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Does Economics Need an Infusion of Religious or Quasi-Religious Formulations? A Symposium Prologue

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  • Daniel B. Klein

Abstract

This piece is a prologue to a symposium, cosponsored by the Acton Institute, that asks its contributors: Does professional economics need enrichment by religious or quasi-religious thinking? Many common criticisms of professional economics propose the incorporation of richer concepts and formulations, ones that can be described as religious or quasi-religious. If such richer concepts are worth incorporating, does that necessarily bring theism or religiosity into the economists’ discourse? The prologue asks whether mainstream economics tends to preclude religious or quasi-religious understandings, whether that is a bad thing, and about the relationship between such understandings and religious faith.

Suggested Citation

  • Daniel B. Klein, 2014. "Does Economics Need an Infusion of Religious or Quasi-Religious Formulations? A Symposium Prologue," Econ Journal Watch, Econ Journal Watch, vol. 11(2), pages 97-105, May.
    • Handle: RePEc:ejw:journl:v:11:y:2014:i:2:p:97-105
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    References listed on IDEAS

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    1. Robin Klay, 2014. "Where Do Economists of Faith Hang Out? Their Journals and Associations, plus Luminaries Among Them," Econ Journal Watch, Econ Journal Watch, vol. 11(2), pages 106-119, May.
    2. Berggren, Niclas & Bjørnskov, Christian, 2013. "Does religiosity promote property rights and the rule of law?," Journal of Institutional Economics, Cambridge University Press, vol. 9(2), pages 161-185, June.
    3. Berggren, Niclas & Bjørnskov, Christian, 2011. "Is the importance of religion in daily life related to social trust? Cross-country and cross-state comparisons," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 459-480.
    4. Oslington, Paul, 2014. "The Oxford Handbook of Christianity and Economics," OUP Catalogue, Oxford University Press, number 9780199729715.
    5. George J. Stigler, 1971. "Smith's Travels on the Ship of State," History of Political Economy, Duke University Press, vol. 3(2), pages 265-277, Fall.
    6. Klein, Daniel B., 2014. "Knowledge and Coordination: A Liberal Interpretation," OUP Catalogue, Oxford University Press, number 9780199355327.
    7. Christoph Basten & Frank Betz, 2013. "Beyond Work Ethic: Religion, Individual, and Political Preferences," American Economic Journal: Economic Policy, American Economic Association, vol. 5(3), pages 67-91, August.
    8. McCloskey, Deirdre Nansen, 2006. "The Bourgeois Virtues," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556635, December.
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    Cited by:

    1. Noha Farrag & Hebatallah Ghoneim, 2016. "Challenges to the Development of an Islamic Economic System," Working Papers 42, The German University in Cairo, Faculty of Management Technology.
    2. Mary Hirschfeld, 2014. "On the Relationship Between Finite and Infinite Goods, Or: How to Avoid Flattening," Econ Journal Watch, Econ Journal Watch, vol. 11(2), pages 179-185, May.
    3. Andrew P. Morriss, 2014. "On the Usefulness of a Flat Economics to the World of Faith," Econ Journal Watch, Econ Journal Watch, vol. 11(2), pages 194-201, May.
    4. Abbas Mirakhor, 2014. "The Starry Heavens Above and the Moral Law Within: On the Flatness of Economics," Econ Journal Watch, Econ Journal Watch, vol. 11(2), pages 186-193, May.

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    More about this item

    Keywords

    Economics; religion; theism; God; faith; duty; benevolence;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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