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Five Paragraphs on the Common Political Economy of Abrahamic Religions; Shorter version: Three Paragraphs on the Common Economics of Abrahamic Religions, Contribuciones a la Economía, 2015, Jan. issue; www.eumed.net/ce/2015/1/abrahamic-religions.html

Author

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  • Soldatos, Gerasimos T.

Abstract

The idea is that the three Abrahamic religions, Judaism-Christianity-Islam, all predispose microeconomics-wise for a social-welfare liberal state safeguarding against the violation of efficiency (not to waste resources and goods), equity (fair wealth distribution), and envy-freeness prefer own modus vivendi relative to neighbor’s) through voluntary action. Macroeconomics-wise, all of them are comfortably compatible with managing the overall economy in line with the four rules of the non-Monetarist Chicago School of Thought given that none of them approves profitable lending: No open-market-operations, cyclically-balanced-budget, k-percent money-growth, and zero-bank-money or full-reserve rules. A Rousseauesque social contract complementing the Lockean one is claimed to be the only état des choses compatible with all three Abrahamic religions.

Suggested Citation

  • Soldatos, Gerasimos T., 2015. "Five Paragraphs on the Common Political Economy of Abrahamic Religions; Shorter version: Three Paragraphs on the Common Economics of Abrahamic Religions, Contribuciones a la Economía, 2015, Jan. issue," MPRA Paper 59445, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59445
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    File URL: https://mpra.ub.uni-muenchen.de/59445/1/MPRA_paper_59445.pdf
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    References listed on IDEAS

    as
    1. Gerasimos T. Soldatos & Erotokritos Varelas, 2014. "A Letter on Full-Reserve Banking and Friedman’s Rule in Chicago Tradition," Credit and Capital Markets, Credit and Capital Markets, vol. 47(4), pages 677-687.
    2. Soldatos, Gerasimos T., 2014. "On the Missing Macroeconomics of Social Liberalism: From Physiocrats to Pre-war Chicagoans and Freiburg," MPRA Paper 59425, University Library of Munich, Germany.
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    More about this item

    Keywords

    Abrahamic religions; Efficiency-equity-envy-freeness; Democracy; non-Monetarist Chicago School of Thought;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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