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Competition versus Monopoly in the Religious Marketplace: Judaism in the United States and Israel

In: THE ECONOMICS OF RELIGION

Author

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  • Carmel U. Chiswick

Abstract

Economic analysis is used to compare different paradigms for understanding the marketplace for religions and religious ideas. The “Sacred Canopy” paradigm deems it necessary for social stability to grant monopoly power to an official State religion. The “New Paradigm” views separation of Church and State, leading to competition in the religious marketplace, as guarantor of freedom of conscience. Judaism in the United States illustrates the outcome in a competitive religious environment. Judaism in Israel illustrates the outcome in a monopoly experiencing potential competition, possibly leading to an oligopoly structure.

Suggested Citation

  • Carmel U. Chiswick, 2023. "Competition versus Monopoly in the Religious Marketplace: Judaism in the United States and Israel," World Scientific Book Chapters, in: Robert M Sauer (ed.), THE ECONOMICS OF RELIGION, chapter 6, pages 147-155, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811273148_0006
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    More about this item

    Keywords

    Economics; Religion; Economics of Religion; Max Weber; Adam Smith;
    All these keywords.

    JEL classification:

    • Z12 - Other Special Topics - - Cultural Economics - - - Religion
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • Z1 - Other Special Topics - - Cultural Economics
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • E7 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A1 - General Economics and Teaching - - General Economics

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