Does the role of religion in economics play greater role?
Values, morals and ethics source from religious teachings generally and as such do all play greater role in economics?
Thank you for contributing to clarifying this very central question of the discussion here in my view.
Paul: I teach economics at a Christian university. For most of my lectures, religion is not directly linked to the lesson. However, religion does come into play for some lessons like poverty and the use of money. Christians believe we should help those who are less fortunate than we are. I tell the students they can use their future income and wealth to help the poor.
Another example is trade. Christians are taught to treat others as we would want to be treated. Through trade, we should be fair, moral and ethical.
Hi,
To ensure that human values and ethical attitudes define economic relations. This idea is set forth in the works of the Nobel laureate Vernon Smith.
There is such a notion “Homo Economicus” - a person who is guided by the principle of profit maximization in his behavior.
Now, offer your two students the next game. Play two. The first is given a bill, suppose $ 100. His task is to divide the amount of money so that both participants in the transaction agree with his method of division.
Homo economicus would divide in the ratio of 99: 1. And the second participant, as homo economicus too, would also be satisfied. He had nothing, and will be one dollar. However, in reality, the participants divide the money in the ratio of 50:50. In order not to offend another party. Therefore, our moral attitudes determine economic behavior.
There is no religion based economic system. Islam is the only religion which is a complete code of conduct. Like all other aspects and pre-requisites of human society, Islam also presents an economic system which is the backbone of human life in this world and in its true sense it is acceptable and applicable in this contemporary modern time most perfectly when all other systems have been failed so far to solve some big issues in various countries and all people are unsatisfied with the existing systems.
la religión no influye en el desarrollo económico,a pesar de que existen élites religiosas con un gran nivel económico
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