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Economics, education and religion: Can Western theories be generalized across religions?

Author

Listed:
  • Dawood MAMOON

    (World Economic Survey Expert Group, Pakistan)

  • Naveed YAZDANI

    (Director, School of Professional Advancement, University of Management & Technology, Lahore)

Abstract

Some of the recent empirical studies relate economic growth and prosperity with religion. This paper raises the question that if economic systems are based on individualism and selfishness, can they be related with religion? The paper also finds that the Secularization hypothesis of Western Modernity is still valid for Western cultures, Judaism and Christianity but its application is highly unlikely in case of the third monotheist religion Islam. The paper expounds the causes of this proposition keeping in view the historical, religious and economic perspectives of Islam.

Suggested Citation

  • Dawood MAMOON & Naveed YAZDANI, 2018. "Economics, education and religion: Can Western theories be generalized across religions?," Journal of Economic and Social Thought, EconSciences Journals, vol. 5(3), pages 256-264, September.
    • Handle: RePEc:cvv:journ3:v:5:y:2018:i:3:p:256-264
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    References listed on IDEAS

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    1. Robert J. Barro & Rachel M. McCleary, 2005. "Which Countries Have State Religions?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(4), pages 1331-1370.
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    5. Nigel Tomes, 1984. "The Effects of Religion and Denomination on Earnings and the Returns to Human Capital," Journal of Human Resources, University of Wisconsin Press, vol. 19(4), pages 472-488.
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    7. Edward L. Glaeser & Bruce I. Sacerdote, 2008. "Education and Religion," Journal of Human Capital, University of Chicago Press, vol. 2(2), pages 188-215.
    8. Ian Smith & John W. Sawkins & Paul T. Seaman, 1998. "The Economics of Religious Participation: A Cross‐country Study," Kyklos, Wiley Blackwell, vol. 51(1), pages 25-44, February.
    9. Ekelund, Robert B, Jr & Hebert, Robert F & Tollison, Robert D, 1989. "An Economic Model of the Medieval Church: Usury as a Form of Rent Seeking," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 5(2), pages 307-331, Fall.
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    2. Sheruni De Alwis & Nick Parr & Fei Guo, 2022. "The interacting effects of religion and birthplace on the labour market outcomes of Asian immigrants in Australia," Journal of Population Research, Springer, vol. 39(2), pages 157-199, June.

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    • A10 - General Economics and Teaching - - General Economics - - - General

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