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Religion and the Market: Opposition, Absorption, or Ambiguity?

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  • David Haddorff

Abstract

This article addressed the complex relationship between religion and the market by proposing three basic paradigms, and then applying them to contemporary Christian social thought (or social ethics). The first conflicting model, following Max Weber and Karl Marx, views religion and the market in opposition, which results in greater secularisation. The second, following Emile Durkheim, proposes a 'functionalist' model of society, in which the market itself becomes sacred. The third, following Karl Polanyi, claims the two are more dialectical, in that both are affected by the power of the other; they remain in an ambiguous relationship. The author argues that the third model is the most coherent description of this complex relationship as well as the one most consistent with the convictions of Chrstian social thought.

Suggested Citation

  • David Haddorff, 2000. "Religion and the Market: Opposition, Absorption, or Ambiguity?," Review of Social Economy, Taylor & Francis Journals, vol. 58(4), pages 483-504.
    • Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:483-504
    DOI: 10.1080/00346760050204319
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    Citations

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    Cited by:

    1. Chau-kiu Cheung & Andrew Yiu-tsang Low & Xuan Ning, 2019. "Marital Liberalization in Relation to Life Satisfaction," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 14(2), pages 291-307, April.
    2. Higgins, Leighanne & Hamilton, Kathy, 2016. "Mini-miracles: Transformations of self from consumption of the Lourdes pilgrimage," Journal of Business Research, Elsevier, vol. 69(1), pages 25-32.
    3. Aliakbar Jafari & Mona Moufahim & Diego Rinallo & Samuelson Appau, 2023. "Theorizing consumption and markets in the context of religion," Post-Print hal-04325662, HAL.
    4. Marie-Catherine Husson Paquier, 2018. "The monastic product’s biography, a sacralization wave," Post-Print hal-02123458, HAL.
    5. Luis Francisco Carvalho & Joao Rodrigues, 2006. "On markets and morality: Revisiting Fred Hirsch," Review of Social Economy, Taylor & Francis Journals, vol. 64(3), pages 331-348.

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