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Looking at religion through the lens of economics
by Sriya Iyer
About this EXP
Sriya Iyer, University Reader in Economics at St Catherine’s College in Cambridge, explains the economics of religion.
Sriya Iyer →
Key point 1
Based on work by Adam Smith, the field of the economics of religion views religion and its place in society through the lens of economic theory.
Key point 2
Religions benefit communities in terms of human capital development, such as investments in education. Such development may profoundly affect economic growth.
Key point 3
As with commercial ventures, competition between religious traditions tends to benefit individuals. Religious monopolies, however, can be detrimental to religious minorities.
Other EXPs by Sriya Iyer
The intertwining of religion, economics and politics in India
The comforts and conflicts of participating in religious communities