Marketplace of the Gods: How Economics Explains Religion

Marketplace of the Gods: How Economics Explains Religion

by Larry Witham
     
 

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ISBN-10: 0195394755

ISBN-13: 9780195394757

Pub. Date: 05/05/2010

Publisher: Oxford University Press, USA

Two centuries after Adam Smith illuminated the workings of the marketplace, a new movement among economists and social scientists is expanding his insights into a groundbreaking "economics of religion." Using cutting edge ideas from the behavioral sciences, and a deep knowledge of religious history, this new approach is making sense not only of past

Overview

Two centuries after Adam Smith illuminated the workings of the marketplace, a new movement among economists and social scientists is expanding his insights into a groundbreaking "economics of religion." Using cutting edge ideas from the behavioral sciences, and a deep knowledge of religious history, this new approach is making sense not only of past beliefs, but of religion today.

In Marketplace of the Gods, award-winning journalist Larry Witham tells the inside story of this expanding "economic approach" to religion, the puzzles it tries to solve, the controversies it has stirred, and the people who are making it happen. He shows that the economic approach, while evoking images of stock markets or accounting ledgers, actually begins with a simple idea about human beings as rational actors, judging costs and benefits in life. Every life has limits, so human experience is a series of trade-offs, balancing resources to make choices for the best possible benefits. As the economics of religion shows, this model can be applied to the rich story of the human race and its gods. Beginning with the individual, the choices in religion shape households, groups, movements, and entire "religious economies" of nations. On the one hand, this mixing of the profane and the sacred, the economic and the religious, is an exciting exchange of ideas between economics, sociology, psychology, history, and theology. On the other, it has spurred a lively protest. Indeed, for some, the economic approach seems to transform our good angels into grubby consumers.

As Witham shows, however, the economic approach to religion has insights for everyone, believers and skeptics alike. He illuminates this approach in a volume rich with ideas, history, contemporary events, and the insights of some of our sharpest modern-day thinkers.

Product Details

ISBN-13:
9780195394757
Publisher:
Oxford University Press, USA
Publication date:
05/05/2010
Edition description:
New Edition
Pages:
256
Product dimensions:
6.20(w) x 9.30(h) x 1.10(d)

Table of Contents

Acknowledgements
Preface
1. The Economic Approach
2. Rational People and Religion
3. Life in the Household
4. The Gods of Risk
5. Why Religions Form
6. History of an Idea
7. Marketplace of the Gods
8. Debating Secularism
9. How Religion Shapes Economics
10. The Merits of Mammon
Glossary
Notes
Index

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