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The Smithian Market of Religions and its Legacy: Another Great Schism between Economics and Sociology?

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  • Georges El Haddad

Abstract

Adam Smith (1776) is the first to introduce religions into a market. Our article studies Smith’s neglected contribution to secularization theories and sociological market of religions then distinguishes it from his contribution to the economic market of religions. The objective of this article is to show that sociology and economics of religion both rely on Smith. Our issue analyzes if the markets of religions in the two disciplines evolve contradictory or complementary. Our results show an interdisciplinary dissemination of Smith’s ideas between sociology and economics of religion, a (unknown/neglected) Smithian background for sociology of religion and a demand-side market of religions in sociology. We demonstrate that there is no opposition between the two disciplines, but a methodological difference between demand and supply mechanisms. Our historical work remarks a methodological schism in the markets of religion with the introduction of Becker’s rational choice into sociology. We trace a historical tree to distinguish the demand mechanism (Marx, Durkheim, Weber and traditional sociological market) from the supply mechanism (Tocqueville, Blau and Homans, Becker, and rational choice theory in sociology and economics of religion) in the evolution of Smith’s market.

Suggested Citation

  • Georges El Haddad, 2019. "The Smithian Market of Religions and its Legacy: Another Great Schism between Economics and Sociology?," Working Papers of BETA 2019-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    • Handle: RePEc:ulp:sbbeta:2019-11
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    File URL: http://beta.u-strasbg.fr/WP/2019/2019-11.pdf
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    References listed on IDEAS

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    1. Robert B. Ekelund, Jr. & Robert F. Hebert & Robert D. Tollison, 2002. "An Economic Analysis of the Protestant Reformation," Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 646-671, June.
    2. Cosgel, Metin & Miceli, Thomas J., 2009. "State and religion," Journal of Comparative Economics, Elsevier, vol. 37(3), pages 402-416, September.
    3. Becker, Gary S., 1978. "The Economic Approach to Human Behavior," University of Chicago Press Economics Books, University of Chicago Press, number 9780226041124, September.
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    More about this item

    Keywords

    Adam Smith; Market of Religions; Rational Choice Theory; Secularization Theories; Economics and Sociology of Religion.;
    All these keywords.

    JEL classification:

    • Z12 - Other Special Topics - - Cultural Economics - - - Religion
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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