Religion and the Morality of the Market

Religion and the Morality of the Market


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Since the collapse of the Berlin Wall, there has been a widespread affirmation of economic ideologies that conceive the market as an autonomous sphere of human practice, holding that market principles should be applied to human action at large. In the wake of the 2008 financial crisis, the ascendance of market reason has been countered by calls for reforms of financial markets and for the consideration of moral values in economic practice. This book intervenes in these debates by showing how neoliberal market practices engender new forms of religiosity, and how religiosity shapes economic actions. It reveals how religious movements and organizations have reacted to the increasing prominence of market reason in unpredictable, and sometimes counterintuitive, ways. Using a range of examples from different countries and religious traditions, the book illustrates the myriad ways in which religious and market moralities are closely imbricated in diverse global contexts.

Product Details

ISBN-13: 9781107186057
Publisher: Cambridge University Press
Publication date: 03/30/2017
Pages: 304
Product dimensions: 5.98(w) x 9.02(h) x 0.75(d)

About the Author

Filippo Osella is Professor of Anthropology and South Asian Studies at the University of Sussex. He has conducted research in Kerala, south India, since 1989 and published two joint monographs, one on issues of stratification, identity and social mobility amongst an 'ex-untouchable' community and another on masculinities. Based on fieldwork in Kerala and a number of Gulf countries, his more recent research has examined contemporary transformations of south Indian Muslims communities resulting from economic liberalization and the popularization of Islamic reformism. Recently he has concluded a research project on Muslim practices of charity and philanthropy in Sri Lanka.

Daromir Rudnyckyj is an associate professor in the Department of Anthropology at the University of Victoria, British Columbia. His research addresses globalization, religion, development, Islam, and the state in Southeast Asia, focusing on Indonesia and Malaysia. His current research examines the globalization of Islamic finance and analyzes efforts to make Kuala Lumpur the 'New York of the Muslim World' by transforming it into the central node in a transnational Islamic financial system. His book Spiritual Economies: Islam, Globalization, and the Afterlife of Development (2010), was awarded a Sharon Stephens Prize from the American Ethnological Society. His research has been supported by the American Council for Learned Societies, the Social Sciences and Humanities Research Council of Canada (SSHRC), the Social Science Research Council, the Wenner-Gren Foundation for Anthropological Research, and other scholarly foundations.

Table of Contents

Introduction. Assembling market and religious moralities Filippo Osella and Daromir Rudnyckyj; 1. Risk, fate, fortune: the lives and times of customs inspectors in Southern China Julie Chu; 2. Morality, markets and the gospel of prosperity Simon Coleman; 3. Religious myths retold: masters and servants in India's corporate culture Nandini Gooptu; 4. Divine markets: ethnographic notes on post-nationalism and moral consumption in India Sanjay Srivastava; 5. Merit economies in neoliberal times: Halal troubles in contemporary Sri Lanka Farzana Haniffa; 6. 'Structural adjustment Islam' and the religious economy in neoliberal Mali Benjamin Soares; 7. Assembling Islam and liberalism: market freedom and the moral project of Islamic finance Daromir Rudnyckyj; 8. Persistent forms: Catholic charity homes and the limits of neoliberal morality China Scherz; 9. Marketising piety through charitable work: Islamic charities and the Islamisation of middle-class families in Indonesia Hilman Latief; 10. 'A poor Muslim cannot be a good Muslim': Islam, charitable giving, and market logic in Sri Lanka Filippo Osella; 11. 'For the God and for the country': agricultural migrations and their moralities in South India V. J. Varghese; 12. 'The globalization of indifference': on Pope Francis, migration and global acedia Valentina Napolitano.

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