Friday, October 16, 2009

Economic Faith

Economics and faith: what is the deal?

Max Weber, a German political economist and sociologist, is credited with the insight that our economy is influenced by religious ethics. He is most famous for claiming that the "spirit of capitalism" owes its existence to "the Protestant ethic". Fast forward a century and Tom Beaudon states somewhat critically that "anemic Christianity is the great enabler of abusive capitalism".

What is the connection between our faith and economics? What difference do our beliefs make to how we invest or spend our money? Does our faith determine what we expect of the economy? Should our faith impact on what we think is economically possible or right? How? What drives what?

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