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Economic and security consequences of supreme values

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  • Arye Hillman

Abstract

Islamic societies have in contemporary times lagged Western societies in income, growth, and human-development indicators. The supreme values of radical Islam further de-prioritize economic achievement and impose self-deprivation on own populations. This paper investigates the reasons for economic outcomes under Islam. Contemporary illustrations are also provided of the self-deprivation predicted from pursuit of the supreme-value objectives of radical Islam. The self-deprivation is placed in a rent-seeking context. Copyright Springer Science+Business Media, LLC 2007

Suggested Citation

  • Arye Hillman, 2007. "Economic and security consequences of supreme values," Public Choice, Springer, vol. 131(3), pages 259-280, June.
    • Handle: RePEc:kap:pubcho:v:131:y:2007:i:3:p:259-280
    DOI: 10.1007/s11127-007-9167-8
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    Cited by:

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    2. Niklas Potrafke, 2013. "Democracy and countries with Muslim majorities: a reply and update," Public Choice, Springer, vol. 154(3), pages 323-332, March.
    3. Charles Rowley & Nathanael Smith, 2009. "Islam’s democracy paradox: Muslims claim to like democracy, so why do they have so little?," Public Choice, Springer, vol. 139(3), pages 273-299, June.
    4. Raphaël Franck, 2010. "Economic Growth And The Separation Of Church And State: The French Case," Economic Inquiry, Western Economic Association International, vol. 48(4), pages 841-859, October.
    5. Matthias Basedau & Simone Gobien & Sebastian Prediger, 2018. "The Multidimensional Effects Of Religion On Socioeconomic Development: A Review Of The Empirical Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 32(4), pages 1106-1133, September.
    6. Claire L. Adida & David D. Laitin & Marie-Anne Valfort, 2015. "Religious Homophily In A Secular Country: Evidence From A Voting Game In France," Economic Inquiry, Western Economic Association International, vol. 53(2), pages 1187-1206, April.
    7. Gouda, Moamen & Potrafke, Niklas, 2016. "Gender equality in Muslim-majority countries," Economic Systems, Elsevier, vol. 40(4), pages 683-698.
    8. Niklas Potrafke, 2016. "Policies against human trafficking: the role of religion and political institutions," Economics of Governance, Springer, vol. 17(4), pages 353-386, November.
    9. Pierre-Guillaume Méon & Ilan Tojerow, 2018. "In God We Learn? The Universal Messages of Religions, their Context-Specific Effects, and the role of Minority Status," Working Papers CEB 16-036, ULB -- Universite Libre de Bruxelles.
    10. François Facchini, 2011. "Economic freedom in Muslim countries : an explanation using the theory of institutional path dependency," Post-Print halshs-00587694, HAL.
    11. Moamen Gouda & Jerg Gutmann, 2021. "Islamic constitutions and religious minorities," Public Choice, Springer, vol. 186(3), pages 243-265, March.
    12. Kwok, Diana W.P. & Meschi, Pierre-Xavier & Bertrand, Olivier, 2020. "In CEOs we trust: When religion matters in cross-border acquisitions. The case of a multifaith country," International Business Review, Elsevier, vol. 29(4).
    13. François Facchini, 2013. "Economic freedom in Muslim countries: an explanation using the theory of institutional path dependency," European Journal of Law and Economics, Springer, vol. 36(1), pages 139-167, August.
    14. Efraim Benmelech & Claude Berrebi & Esteban F. Klor, 2010. "The Economic Cost of Harboring Terrorism," Journal of Conflict Resolution, Peace Science Society (International), vol. 54(2), pages 331-353, April.
    15. François Facchini & Louis Jaeck & Chafik Bouhaddioui, 2021. "Culture and Entrepreneurship in the United Arab Emirates," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1245-1269, September.
    16. Omar Masood & Kiran Javaria & Yelena Petrenko, 2020. "Terrorism activities influence on financial stock markets: an empirical evidence from United Kingdom, India, France, Pakistan, Spain and America," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(1), pages 443-455, March.
    17. Chen, Kang & Tang, Fang-Fang, 2009. "Cultural differences between Tibetans and ethnic Han Chinese in ultimatum bargaining experiments," European Journal of Political Economy, Elsevier, vol. 25(1), pages 78-84, March.
    18. Omar Masood & Kiran Javaria & Yelena Petrenko, 2020. "Terrorism activities influence on financial stock markets: an empirical evidence from United Kingdom, India, France, Pakistan, Spain and America," Post-Print hal-02569336, HAL.
    19. Pierre-Guillaume Méon & Ilan Tojerow, 2016. "In God We Learn? Religions’ Universal Messages, Context-Specific Effects, and Minority Status," Working Papers CEB 2013/233535, ULB -- Universite Libre de Bruxelles.
    20. Méon, Pierre-Guillaume & Tojerow, Ilan, 2019. "The minority ethic: Rethinking religious denominations, minority status, and educational achievement across the globe," Journal of Comparative Economics, Elsevier, vol. 47(1), pages 196-214.
    21. Claude Berrebi & Esteban F. Klor, 2011. "Does Harboring Terrorists Have Economic Costs?," EUSECON Policy Briefing 12, DIW Berlin, German Institute for Economic Research.
    22. Hillman, Arye L., 2010. "Expressive behavior in economics and politics," European Journal of Political Economy, Elsevier, vol. 26(4), pages 403-418, December.
    23. Caruso, Raul & Schneider, Friedrich, 2011. "The socio-economic determinants of terrorism and political violence in Western Europe (1994–2007)," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 37-49.
    24. Basedau, Matthias & Gobien, Simone & Prediger, Sebastian, 2017. "The Ambivalent Role of Religion for Sustainable Development: A Review of the Empirical Evidence," GIGA Working Papers 297, GIGA German Institute of Global and Area Studies.
    25. Francois Facchini, 2010. "Religion, law and development: Islam and Christianity—Why is it in Occident and not in the Orient that man invented the institutions of freedom?," European Journal of Law and Economics, Springer, vol. 29(1), pages 103-129, February.

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    More about this item

    Keywords

    Radical Islam; Institutions; Economic growth; Supreme values; Rent seeking; Rent protection; Oil wealth; Gender relations; Demographic contestability; Cultural relativism; Personal security; O1; Z12; N35;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East

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