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Economics of various religions

Economics of various religions. Embeddedness or modification of behaviors. http://www.mapsofworld.com/world-religion-map.htm. Spiritual versus material values. Buddhism as spiritual liberation and the faith providing the instruments for this goal

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Economics of various religions

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  1. Economics of various religions Embeddedness or modification of behaviors

  2. http://www.mapsofworld.com/world-religion-map.htm

  3. Spiritual versus material values • Buddhism as spiritual liberation and the faith providing the instruments for this goal • Developed in India more present in China and Japan • Satisfice instead of satisfy approach • Self-sufficiency and greater emphasis on local markets • Preservation of non-renewable resources

  4. Buddhist Economics? • Sri Lanka. Thailand, Burma, Laos, Cambodia: in some of these places the religious belief overriden by Marxism- Leninism (Buddhist socialism) • Discouraged capital investment and slow economic growth, favoring construction of temples instead

  5. Confucianism • Singapore, Taiwan, increasingly China (after being suppressed by Maoism) • Benevolence, righteousness, propriety, wisdom and faithfulness • Vertical hierarchy and filial piety • Ambivalence with regard to laissez faire markets especially externally

  6. Hinduism • Hereditary caste positioning of individuals and limited choices and mobility • Self rule and self sufficiency • Opposition to industrialization (dependence on external powers) and strong nationalism • The concept of the appropriate technology

  7. Judaism • The emphasis on redistribution of income • The Jubilee Year concept and a return to the economic order • Operating in the hostile environment • A propensity to collectivism and communalism (kibbutz)

  8. Christianity • Justice and fair price • Interest charging • Welfare and compassion • Protestant ethic, Max Weber and market development or Utopian communities?

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