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Economics, education and religion: can western theories be generalized across religions?

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  • Yazdani, Naveed
  • Mamoon, Dawood

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

  • Yazdani, Naveed & Mamoon, Dawood, 2012. "Economics, education and religion: can western theories be generalized across religions?," MPRA Paper 36793, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36793
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    File URL: https://mpra.ub.uni-muenchen.de/36793/1/MPRA_paper_36793.pdf
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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.
    2. 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.
    3. Stark, Rodney & Iannaccone, Laurence R & Finke, Roger, 1996. "Religion, Science, and Rationality," American Economic Review, American Economic Association, vol. 86(2), pages 433-437, May.
    4. Smith, Ian & Sawkins, John W & Seaman, Paul T, 1998. "The Economics of Religious Participation: A Cross-Country Study," Kyklos, Wiley Blackwell, vol. 51(1), pages 25-43.
    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.
    6. Robert J. Barro & Rachel M. McCleary, 2002. "Religion and Political Economy in an International Panel," NBER Working Papers 8931, National Bureau of Economic Research, Inc.
    7. Samuel Cameron, 2002. "The Economics of Sin," Books, Edward Elgar Publishing, number 2582.
    8. repec:wuk:andedp:9709 is not listed on IDEAS
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    Cited by:

    1. 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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    More about this item

    Keywords

    Economics; Education; Monotheist religions; Secularization hypothesis;
    All these keywords.

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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