Religion and economic growth: was Weber right?
AbstractEvidence of falling wages in Catholic cities and rising wages in Protestant cities between 1500 and 1750, during the spread of literacy in the vernacular, is inconsistent with most theoretical models of economic growth. In The Protestant Ethic, Weber suggested an alternative explanation based on culture. Here, a theoretical model confirms that a small change in the subjective cost of cooperating with strangers can generate a profound transformation in trading networks. In explaining urban growth in early-modern Europe, specifications compatible with human-capital versions of the neoclassical model and endogenous-growth theory are rejected in favor of a "small-world" formulation based on the Weber thesis.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Evolutionary Economics.
Volume (Year): 11 (2001)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00191/index.htm
Other versions of this item:
- Blum, U. & Dudley, L., 2001. "Religion and Economic Growth: Was Weber Right?," Cahiers de recherche 2001-05, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- BLUM, Ulrich & DUDLEY, Leonard, 2001. "Religion and Economic Growth: Was Weber Right?," Cahiers de recherche 2001-05, Universite de Montreal, Departement de sciences economiques.
- Z12 - Other Special Topics - - Cultural Economics - - - Religion
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Z10 - Other Special Topics - - Cultural Economics - - - General
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