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Mr. Smith and the Preachers: The Economics of Religion in the Wealth of Nations

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Author Info
Anderson, Gary M
Abstract

The extension of economic analysis to problems beyond the domain of formal markets and explicit prices represents a major recent intellectual development. But "economic imperialism" is not new and was not invented in Chicago. Adam Smith, in his Wealth of Nations, extended economic reasoning to a variety of nonmarket exchange problems. One example is his analysis of religious behavior. Smith viewed participation in religion as a rational device by which individuals enhanced the value of their human capital. He also explained the behavior of the clergy and other suppliers of religious services from an economic perspective. Copyright 1988 by University of Chicago Press.

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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 96 (1988)
Issue (Month): 5 (October)
Pages: 1066-88
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Handle: RePEc:ucp:jpolec:v:96:y:1988:i:5:p:1066-88

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  1. Esa Mangeloja, 2004. "Interrelationship of economic growth and regional religious properties," ERSA conference papers ersa04p94, European Regional Science Association. [Downloadable!]
  2. Do, Quy-Toan & Phung, Tung Duc, 2006. "Superstition, family planning, and human development," Policy Research Working Paper Series 4001, The World Bank. [Downloadable!]
  3. Esa Mangeloja, 2004. "Economic Growth and Religious Production Efficiency," DEGIT Conference Papers c009_040, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
  4. Charles G. Leathers & J. Patrick Raines, 2002. "The "Protective State" Approach to the "Productive State" in The Wealth of Nations : The Odd Case of Lay Patronage," Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 24(4), pages 427-441, December. [Downloadable!] (restricted)
  5. Marcus Noland, 2003. "Religion, Culture, and Economic Performance," Peterson Institute Working Paper Series WP03-8, Peterson Institute for International Economics. [Downloadable!]
  6. Robert I. Mochrie & John W. Sawkins & Alexander Naumov, 2006. "Competition and Participation in Religious Markets: Evidence from Victorian Scotland," Working Papers E01, Department of Economics, School of Management and Languages, Heriot Watt University. [Downloadable!]
    Other versions:
  7. Syed Nisar Hussain Hamdani & Eatzaz Ahmad & Mahmood Khalid, 2004. "Study of Philanthropic Behaviour in Divine Economics Framework," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 43(4), pages 875-894. [Downloadable!]
  8. Ian Smith & John W. Sawkins, 2003. "The economics of regional variation in religious attendance," Applied Economics, Taylor and Francis Journals, vol. 35(14), pages 1577-1588, September. [Downloadable!] (restricted)
  9. Simon Fan, C., 2008. "Religious participation and children's education: A social capital approach," Journal of Economic Behavior & Organization, Elsevier, vol. 65(2), pages 303-317, February. [Downloadable!] (restricted)
  10. Rajeev Dehejia & Thomas DeLeire & Erzo F.P. Luttmer, 2005. "Insuring Consumption and Happiness Through Religious Organizations," NBER Working Papers 11576, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  11. Becky Haney, 2008. "The Relationship Between Labor Market Structure and Clergy Compensation in Protestant Denominations," Atlantic Economic Journal, International Atlantic Economic Society, vol. 36(1), pages 65-75, March. [Downloadable!] (restricted)
  12. Michael McBride, 2005. "Why Hasn’t Economic Growth Killed Religion?," Working Papers 050602, University of California-Irvine, Department of Economics. [Downloadable!]
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