Economics as Religion: From Samuelson to Chicago and Beyond

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Penn State Press, 2010 - Business & Economics - 378 pages

In this study, Robert H. Nelson explores the genesis, the prophets, the prophesies, and the tenets of what he sees as a religion of economics that has come into full blossom in latter-day America. Nelson does not see &"theology&" as a bad word, and his examination of the theology underlying Samuelsonian and Chicagoan economics is not a put-down. It is a way of seeing the rhetoric of fundamental belief&—what has been called &"vision.&"

 

Contents

The Market Paradox
1
1 Tenets of Economic Faith
23
2 A Secular Great Awakening
35
3 The Market Mechanism as a Religious Statement
52
4 Apostle of Scientific Management
89
5 Frank Knight and Original Sin
119
6 Knight Versus Friedman Versus Stigler
139
7 Chicago Versus the Ten Commandments
166
8 A New Economic World
208
9 Efficient Religion
230
10 God Bless the Market
268
11 A Crisis of Progress
303
Conclusion
329
Notes
339
Index
371
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About the author (2010)

Robert H. Nelson has had wide government experience in the application of economics to public policy and is Professor in the School of Public Affairs at the University of Maryland. He is the author of Reaching for Heaven on Earth: The Theological Meaning of Economics (1991).

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