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What Has Jerusalem to Do with Chicago (or Cambridge)? Why Economics Needs an Infusion of Religious Formulations

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  • Edd Noell

Abstract

Professional economics would benefit from an infusion of religious formulations, particularly the notions that all humans are made in God’s image and are fallen creatures. This infusion would lead economics to more openly recognize the role of moral reflection in economic thinking and enhance the way in which economics conceives of the use of knowledge in both the private and public sectors. In addition, particular benefits might be realized in rethinking conceptions of entrepreneurship, competition, and opportunistic behavior. I provide examples of the ways Christian values shape my research agenda as an economist.

Suggested Citation

  • Edd Noell, 2014. "What Has Jerusalem to Do with Chicago (or Cambridge)? Why Economics Needs an Infusion of Religious Formulations," Econ Journal Watch, Econ Journal Watch, vol. 11(2), pages 202-209, May.
    • Handle: RePEc:ejw:journl:v:11:y:2014:i:2:p:202-209
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    References listed on IDEAS

    as
    1. Halteman, James & Noell, Edd S., 2012. "Reckoning With Markets: The Role of Moral Reflection in Economics," OUP Catalogue, Oxford University Press, number 9780199763702.
    2. Samuel Cameron, 2002. "The Economics of Sin," Books, Edward Elgar Publishing, number 2582.
    3. Sedlacek, Tomas, 2011. "Economics of Good and Evil: The Quest for Economic Meaning from Gilgamesh to Wall Street," OUP Catalogue, Oxford University Press, number 9780199767205.
    4. Paul Oslington (ed.), 2003. "Economics and Religion," Books, Edward Elgar Publishing, volume 0, number 2564.
    5. Edd S. Noell, 2006. "Smith and a Living Wage: Competition, Economic Compulsion, and the Scholastic Legacy," History of Political Economy, Duke University Press, vol. 38(1), pages 151-174, Spring.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Creation; opportunism; the fall; entrepreneurship; competition; image of God; imperfect knowledge; regulation; coercion; property rights;
    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
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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