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The Divine Economy
Book

The Divine Economy

How Religions Compete for Wealth, Power, and People

Princeton UP, 2024
First Edition: 2024 plus...

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Editorial Rating

9

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  • Controversial
  • Comprehensive
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Recommendation

Religion persists because it evidently provides something people need. Professor Paul Seabright’s massive tome attempts a task virtually untouched since seminal economist Adam Smith attempted it in the 18th century: Considering religion as an economic phenomenon. In religion as in greater society, economic trends lean toward less localization, more competition, shape-shifting technological change, and the more recent role of religions as platforms that serve a unifying purpose. Seabright is prolix and meandering. He’s generous with anecdotes and observations, although not with clear conclusions.

Summary

Religion concerns interaction with invisible spirits and turns out also to be an economic phenomenon.

Ancient humans believed that spiritual entities densely populate the world, causing vagaries of weather and other phenomena, depending on their moods. In their view, spirits actively intervened in human affairs according to their own whims. However, over the last two millennia, the community of the enchanted world has diminished. Today, nearly two out of three people are monotheistic, while most of the rest believe in more than one deity. Monotheists may also acknowledge saints, prophets, ancestors, and spiritual intermediaries. The spiritual remains pivotal. No evidence exists that overall religious commitment is dwindling.

Modern religious organizations provide a community for their believers and may offer tangible temporal help with health or subsistence. Religions vary in the uniformity of belief they demand of members, yet a shared belief system underpins each community’s cohesion. As the world converges demographically, Christianity and Islam are increasing at the cost of “ethno-religions,” which combine religious identity and ethnicity and celebrate traditional...

About the Author

Paul Seabright teaches economics at the Toulouse School of Economics and was the director of the Institute for Advanced Study in Toulouse. Formerly of Oxford and Cambridge, he is also the author of The Company of Strangers: A Natural History of Economic Life; The War of the Sexes: How Conflict and Cooperation Have Shaped Men and Women from Prehistory to the Present; Sexonomics; and La société des inconnus: Histoire naturelle de la collectivité.


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