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On the Religion-Public Policy Correlation

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  • Soldatos, Gerasimos T.

Abstract

The interplay between religious and political authorities has been commonplace and study subject of political science. The interplay between politics and economics has been commonplace too, and the focus of political economy. That is, politics emerges as the link between religious and economic matters. This paper tries to rationalize analytically this link between religion and resource allocation through the religion-public policy correlation. It is found out that such a correlation is welfare-enhancing unless fanaticism forces society to choose between Pareto efficiency under a fundamentalist minority dictatorial rule on the one hand, and the broader socioeconomic aspirations of the majority of people on the other. Yet, fundamentalism is expected to subside in the long-run to the extent fanaticism is the result of an emotional outburst.

Suggested Citation

  • Soldatos, Gerasimos T., 2014. "On the Religion-Public Policy Correlation," MPRA Paper 60859, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:60859
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    References listed on IDEAS

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    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H4 - Public Economics - - Publicly Provided Goods
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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