Economics as Religion: From Samuelson to Chicago and Beyond

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Penn State Press, Jun 1, 2002 - Business & Economics - 378 pages
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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.&"

 

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Contents

The Market Paradox
1
ONE Tenets of Economic Faith
23
TWO A Secular Great Awakening
35
THREE The Market Mechanism as a Religious Statement
52
FOUR Apostle of Scientific Management
89
RVE Frank Knight and Original Sin
119
SIX Knight Versus Friedman Versus Stigler
139
SEVEN Chicago Versus the Ten Commandments
166
RELIGION AND THE NEW INSTITUTIONAL ECONOMICS
203
NINE Efficient Religion
230
TEN God Bless the Market
268
ELEVEN A Crisis of Progress
303
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About the author (2002)

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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