Religion and Economics

The economics of religion or, especially in sociology, religious economy applies socio-economic theory and methods to explain the religious behavioral patterns of individuals, groups or cultures and the social consequences of such behavior. An example of the first is Adam Smith's analysis of the effect of competition and government regulation (or support) for religious denominations on the quantity and quality of religious services. An example of the second is Max Weber's thesis that the Protestant ethic promoted the rise of capitalism.

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