Author:
Abstract
The relationship between wealth and religion has been specifically admitted to academic research in the last 10 years. Wealth is easily defined as the economic status of being the holder of a large accumulation of capital and economic power. Moreover, religion is some total beliefs of cultural system that often relates to belief in supernatural forces and moral system. The GDP of countries mostly subject negatively to religiosity i.e. the wealthier a population is the more secular it is. Within link to this, the economics of religion involves socio-economic theory and methods to define the religious behavior pattern of individuals, groups or cultures and the social consequences of such behavior. An illustration of the first is Adam Smith's analysis of the effect of competition and government regulation for religious denominations on the quantity and quality of religious services. An example of the second is Max Weber's thesis that the Protestant ethic explained the rise of capitalism. Religious (or theological) economics is a related subject sometimes overlapping or conflated with the economics of religion. It uses religious principles to define economic perspectives or vice versa. The present study seeks for the economics and religion by researching the relationship between the two concepts and investigating the impact of religion practices on economics. The reason for conducting this research is that most of the research in relation to this subject has studied the relationship between religion and overall economic performance.
Keywords
Abstract
The relationship between wealth and religion has been specifically admitted to academic research in the last 10 years. Wealth is easily defined as the economic status of being the holder of a large accumulation of capital and economic power. Moreover, religion is some total beliefs of cultural system that often relates to belief in supernatural forces and moral system. The GDP of countries mostly subject negatively to religiosity i.e. the wealthier a population is the more secular it is. Within link to this, the economics of religion involves socio-economic theory and methods to define the religious behavior pattern of individuals, groups or cultures and the social consequences of such behavior. An illustration of the first is Adam Smith's analysis of the effect of competition and government regulation for religious denominations on the quantity and quality of religious services. An example of the second is Max Weber's thesis that the Protestant ethic explained the rise of capitalism. Religious (or theological) economics is a related subject sometimes overlapping or conflated with the economics of religion. It uses religious principles to define economic perspectives or vice versa. The present study seeks for the economics and religion by researching the relationship between the two concepts and investigating the impact of religion practices on economics. The reason for conducting this research is that most of the research in relation to this subject has studied the relationship between religion and overall economic performance.