Economic Religion and the Worship of Progress

In contemporary thought, the terms “secular” and “religious” are polar opposites. They are held to occupy separate domains. But that view is mistaken. Religious belief organizes society around fundamental ideas about ethics and existence. This article examines the way economic belief systems function as religions. Economic thought in various forms (Marxist, Keynesian, neoclassical) is brimming with implicit religious meaning. Instead of belief in an afterlife and heaven, modern economics promises heaven on earth in the form of continuous material progress. Adherents of competing economic ideologies often promote them with the energy of religious zealots. Thus, modern societies are still organized around religious principles, but they are now hidden from sight. This article shows how the religious dimension of the modern worship of economic progress is rooted in Christian theology: Calvinism in the United States and Lutheranism in the Nordic countries, which are famous for their own brand of social democracy. In recent decades, secular faith in the religion of economic progress has begun to falter. The failures of mainstream economics to warn of impending crisis has reduced its credibility, even among economists. More importantly, the rise of environmentalism as a religion has vastly increased the number of citizens who question the goal of material progress. The attack on economic religion may have also undermined the credibility of mainstream political parties, partially explaining Brexit in England and the election of Donald Trump in the United States.     

The Wage Effects of Being Raised in the Catholic Religion: Does Religion Matter?

This paper provides new empirical evidence about the existence of a Catholic wage premium. A simple allocation-of-time model provides two explanations for the observation that those persons raised in the Catholic religion earn more than their non-Catholic counterparts. The Catholic religion may add to a person's stock of human capital and/or it may act as a signal of desirable labor market characteristics such as discipline, honesty, trustworthiness, and high motivation.     

中西方宗教价值观比较

本文通过对中西宗教价值观的终极价值取向、人性价值取向、伦理价值取向及其作用进行了分析和比较。     

Hostile Territory: High-Tension Religion and the Jewish Peddler

A bstract .   Scholars have long explored the role that reputation plays in the facilitation of exchange. Some attention has also been paid to the way in which religions serve as a proxy for reputation or as a mechanism for enforcement of exchange agreements. These reputation and enforcement mechanisms enhance the ability of the members of certain religious groups to perform economic roles where such secular-based mechanisms fail or are absent. In this article, I explore the ways in which hostility toward members of high-tension religions makes them uniquely well suited to the economic role of middlemen. As illustration, I explore the particular case of the 19^th-century German Jewish peddler in the young United States.     

The Effect of Religion on Accounting Conservatism

This paper investigates whether religiosity, a key informal institutional factor, strongly influences a firm’s adoption of accounting conservatism. Using a sample from the U.S. stock market, we find that firms located in geographic areas with higher levels of religiosity tend to exhibit greater accounting conservatism. Further tests show that this effect is through the channel of engaging managers in activities that emphasize firms’ long-term growth, concern stakeholder interests, and avoid the risk of litigation. Moreover, we demonstrate that it is the religious environment in an area rather than the personal religious belief of a CEO that drives our baseline results. Finally, a supplementary test suggests that religiosity increases not only the conditional (ex post) conservatism of firms but their unconditional (ex ante) conservatism as well.     

Religion and Economic Activity in India: An Historical Perspective

A bstract . It is suggested that there has been and continues to be, a deep interrelationship between religious thought and economic activity in India. This claim is evaluated, first in the context of ancient India (the Mauryan empire ), where self-reliance was stressed, both economically and religiously, In the context of medieval India, the ossification of the once flexible caste system had profound economic implications. Based on this historical perspective, it is contended any attempt to understand the economic realities of contemporary India must also take account of its religious realities.     

Entrepreneurial Religion in the Age of Neoliberal Urbanism

The introduction to this symposium on entrepreneurial religion and neoliberal urbanism discusses leading scholarly approaches to religion and urban theory, arguing that, despite their merits, these approaches are in need of refinement. Theories on religion and urban theory too often describe religion as a reactionary phenomenon. Religious movements and spaces are generally defined as pockets of resistance and shelter against retreating or failing states under neoliberal restructuring programmes in the shadow of consumption dreams. Although religious actors and ideologies unquestionably form part of urban groups that are denied access to public and private means to wealth and security, the contributors to this symposium argue that within a global, comparative perspective, the entwinement of religion, state and market reveal more complicated configurations. Through a comparison of Islamic gated communities in Istanbul, Pentecostal prayer camps in Lagos and Pentecostal grassroots movements in the favelas of Rio de Janeiro, this symposium demonstrates that urban religion should also be regarded as a constitutive force of contemporary capitalism and should therefore be placed at the heart of the neoliberal construction of urban space instead of at its margins.     

In the Shadows of Vanity: Religion and the Debate Over Hierarchy

A bstract .   Sandra Peart and David Levy emphasize the role of economists in their excellent history of the debate between philosophers and scientists and economists and evangelicals over race and hierarchy in 19^th-century Britain. Evangelical Christians have a role as allies with economists, and also Jews, but as a racial rather than a religious group. Religion, which has much to say about what it means to be human, remains in the shadows of Peart and Levy's account. The purpose of this paper is to make a start at casting light on the role of religion in the debate over race and hierarchy in 19^th-century England.     

Cultural Discrimination: The Reasonable Accommodation of Religion in the Workplace

Reasonable accommodation of religious practices continues to be a problem in the workplace. Recent Supreme Court decisions have enabled employers to exclude employees from the decision-making process of what constitutes a reasonable accommodation of their religious beliefs through the de minimis standard. In this article it is argued that, in most cases, the reason employers have been allowed to discriminate against these employees is the contentious nature of minority religious beliefs with the mainstream religious culture. Because judges view discrimination based on religious beliefs as distinct from the other reasons for discriminatory practices, such as race, sex, or national origin, it appears unlikely that adherents to minority faiths will face any abatement of discrimination in the workplace.     

Urban Symbolic Violence Re‐Made: Religion,Politics and Spatial Struggles in Istanbul

The symbolic and physical map of Istanbul has undergone dramatic shifts over the past four decades. Squatters—the persistent underdogs in this huge metropolis—have mounted an attack against established economic and cultural hierarchies. This challenge has transformed the structures of symbolic violence through the production of an alternative urban space (contentious neighborhoods and districts, teahouses, innovative district and street layouts, and ‘Islamic’ internal and external architecture). In the process, the meanings of urbanity and provinciality, of secularity and Islam, have been altered—and stigma, along with urban rent, has been systematically redistributed (although redistribution has been far from egalitarian). The dominant sectors ultimately absorbed the attack: squatters remained subordinated, but the terms of subordination have changed. A synthesis of Bourdieu and (a geographically revised) Gramsci sheds light on this process of challenge and absorption in and through urban space.