Religion and the Global Money Markets

Religion and the Global Money Markets PDF Author: James Simon Watkins
Publisher: Springer Nature
ISBN: 3031044169
Category : Business & Economics
Languages : en
Pages : 468

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Book Description
This book focuses on how religion—particularly Christianity, Islam, Judaism, and, to a lesser extent, Hinduism—is shaping the ethos and daily actions of market participants within the global money markets. The concepts inherent within Christianity, Islam, Judaism, and Hinduism are making themselves felt within the global money markets. As Islamic finance led to the introduction of sharia compliant derivatives, for example, Christian investment funds are leading ethical initiatives on Wall Street, the City of London, and elsewhere such as divesting from fossil fuels in response to the climate change emergency. Jewish faith led funds are making significant strides with the further development of impact investments. The concept of Hindu economics is also beginning to shape the actions of some market participants which are tied to the ideals of Mahatma Gandhi. ​

Money, Markets, and Sovereignty

Money, Markets, and Sovereignty PDF Author: Benn Steil
Publisher: Yale University Press
ISBN: 0300156146
Category : Business & Economics
Languages : en
Pages : 301

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Book Description
Winner of the 2010 Hayek Book Prize given by the Manhattan Institute "Money, Markets and Sovereignty is a surprisingly easy read, given the complicated issues covered. In it, Mr. Steil and Mr. Hinds consistently challenge today's statist nostrums."—Doug Bandow, The Washington Times In this keenly argued book, Benn Steil and Manuel Hinds offer the most powerful defense of economic liberalism since F. A. Hayek published The Road to Serfdom more than sixty years ago. The authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization. Steil and Hinds describe the current state of international economic relations as both unusual and precarious. Eras of economic protectionism have historically coincided with monetary nationalism, while eras of liberal trade have been accompanied by a universal monetary standard. But today, the authors show, an unprecedentedly liberal global trade regime operates side by side with the most extreme doctrine of monetary nationalism ever contrived—a situation bound to trigger periodic crises. Steil and Hinds call for a revival of the political and economic thinking that underlay earlier great periods of globalization, thinking that is increasingly under threat by more recent ideas about what sovereignty means.

Religion and the Global Money Markets

Religion and the Global Money Markets PDF Author: James Simon Watkins
Publisher: Springer Nature
ISBN: 3031044169
Category : Business & Economics
Languages : en
Pages : 468

Get Book Here

Book Description
This book focuses on how religion—particularly Christianity, Islam, Judaism, and, to a lesser extent, Hinduism—is shaping the ethos and daily actions of market participants within the global money markets. The concepts inherent within Christianity, Islam, Judaism, and Hinduism are making themselves felt within the global money markets. As Islamic finance led to the introduction of sharia compliant derivatives, for example, Christian investment funds are leading ethical initiatives on Wall Street, the City of London, and elsewhere such as divesting from fossil fuels in response to the climate change emergency. Jewish faith led funds are making significant strides with the further development of impact investments. The concept of Hindu economics is also beginning to shape the actions of some market participants which are tied to the ideals of Mahatma Gandhi. ​

The Market as God

The Market as God PDF Author: Harvey Cox
Publisher: Harvard University Press
ISBN: 0674973151
Category : Religion
Languages : en
Pages : 283

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Book Description
“Essential and thoroughly engaging...Harvey Cox’s ingenious sense of how market theology has developed a scripture, a liturgy, and sophisticated apologetics allow us to see old challenges in a remarkably fresh light.” —E. J. Dionne, Jr. We have fallen in thrall to the theology of supply and demand. According to its acolytes, the Market is omniscient, omnipotent, and omnipresent. It can raise nations and ruin households, and comes complete with its own doctrines, prophets, and evangelical zeal. Harvey Cox brings this theology out of the shadows, demonstrating that the way the world economy operates is shaped by a global system of values that can be best understood as a religion. Drawing on biblical sources and the work of social scientists, Cox points to many parallels between the development of Christianity and the Market economy. It is only by understanding how the Market reached its “divine” status that can we hope to restore it to its proper place as servant of humanity. “Cox argues that...we are now imprisoned by the dictates of a false god that we ourselves have created. We need to break free and reclaim our humanity.” —Forbes “Cox clears the space for a new generation of Christians to begin to develop a more public and egalitarian politics.” —The Nation

Theology of Money

Theology of Money PDF Author: Philip Goodchild
Publisher: Duke University Press
ISBN: 0822392550
Category : Religion
Languages : en
Pages : 315

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Book Description
Theology of Money is a philosophical inquiry into the nature and role of money in the contemporary world. Philip Goodchild reveals the significance of money as a dynamic social force by arguing that under its influence, moral evaluation is subordinated to economic valuation, which is essentially abstract and anarchic. His rigorous inquiry opens into a complex analysis of political economy, encompassing markets and capital, banks and the state, class divisions, accounting practices, and the ecological crisis awaiting capitalism. Engaging with Christian theology and the thought of Carl Schmitt, Georg Simmel, Karl Marx, Adam Smith, and many others, Goodchild develops a theology of money based on four contentions, which he elaborates in depth. First, money has no intrinsic value; it is a promise of value, a crystallization of future hopes. Second, money is the supreme value in contemporary society. Third, the value of assets measured by money is always future-oriented, dependent on expectations about how much might be obtained for those assets at a later date. Since this value, when realized, will again depend on future expectations, the future is forever deferred. Financial value is essentially a degree of hope, expectation, trust, or credit. Fourth, money is created as debt, which involves a social obligation to work or make profits to repay the loan. As a system of debts, money imposes an immense and irresistible system of social control on individuals, corporations, and governments, each of whom are threatened by economic failure if they refuse their obligations to the money system. This system of debt has progressively tightened its hold on all sectors and regions of global society. With Theology of Money, Goodchild aims to make conscious our collective faith and its dire implications.

Money

Money PDF Author: R. Duane Willing
Publisher:
ISBN: 9780974230344
Category :
Languages : en
Pages : 224

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Book Description
IS MONEY THE ROOT OF ALL EVIL? WHAT HIDDEN MESSAGES DOES THE BIBLE CONTAIN?The mystery religion of money is being used to shape the public mind of North America and influence the world. The stance taken in this book¿Money: The 12th and Final Religion¿is that the U.S. government is being driven by a mystery religion.A mystery religion means that it hides in plain sight. In order to remain secret and not be observed, the mystery religion of money moves behind the veil of public religions.We have evidence of this parallel and simultaneous thought process working in the American market system. This process of parallel thought is also recognizable through its contradictions, i.e. U.S. health care, for instance.In the U.S. today, some 47 million people are without insurance to cover health care.The corporate elite say that the uninsured should be covered by private insurance company plans in order to control costs.The obvious contradiction here is that the U.S. has the highest per capita health care costs on the planet. If corporate insurance is already the most costly with the least complete coverage, how could more of the same be better and less expensive? Obviously, some kind of mystery parallel thought process is working in the ¿Great Merchant¿ mind.As the book unveils the mystery of the religion of money, with its economic spirit of market forces, we can understand central banks as the Biblical Temple Milcom created for the worship of the secret god Moloch of the mystery religion of money.This lifting of the intellectual veil reveals the simplicity of money creation.Finally, we can answer the questions: What is money? What is the origin of the money process? What is wealth? How does money begin? How does it corrupt? What hidden warnings does the Bible hold for us about money? And many more.

Faith in the Market

Faith in the Market PDF Author: John Michael Giggie
Publisher: Rutgers University Press
ISBN: 9780813530994
Category : Business & Economics
Languages : en
Pages : 276

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Book Description
Reveals the many ways in which religious groups actually embraced commercial culture to establish an urban presence. [back cover].

The Marketplace of Christianity

The Marketplace of Christianity PDF Author: Robert B. Ekelund, Jr.
Publisher: MIT Press
ISBN: 0262262622
Category : Religion
Languages : en
Pages : 367

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Book Description
Economics can help us understand the evolution and development of religion, from the market penetration of the Reformation to an exploration of today's hot-button issues including evolution and gay marriage. This startlingly original (and sure to be controversial) account of the evolution of Christianity shows that the economics of religion has little to do with counting the money in the collection basket and much to do with understanding the background of today's religious and political divisions. Since religion is a set of organized beliefs, and a church is an organized body of worshippers, it's natural to use a science that seeks to explain the behavior of organizations—economics—to understand the development of organized religion. The Marketplace of Christianity applies the tools of economic theory to illuminate the emergence of Protestantism in the sixteenth century and to examine contemporary religion-influenced issues, including evolution and gay marriage. The Protestant Reformation, the authors argue, can be seen as a successful penetration of a religious market dominated by a monopoly firm—the Catholic Church. The Ninety-five Theses nailed to the church door in Wittenberg by Martin Luther raised the level of competition within Christianity to a breaking point. The Counter-Reformation, the Catholic reaction, continued the competitive process, which came to include "product differentiation" in the form of doctrinal and organizational innovation. Economic theory shows us how Christianity evolved to satisfy the changing demands of consumers—worshippers. The authors of The Marketplace of Christianity avoid value judgments about religion. They take preferences for religion as given and analyze its observable effects on society and the individual. They provide the reader with clear and nontechnical background information on economics and the economics of religion before focusing on the Reformation and its aftermath. Their analysis of contemporary hot-button issues—science vs. religion, liberal vs. conservative, clerical celibacy, women and gay clergy, gay marriage—offers a vivid illustration of the potential of economic analysis to contribute to our understanding of religion.

Religion and Finance

Religion and Finance PDF Author: Mervyn K. Lewis
Publisher: Edward Elgar Publishing
ISBN: 0857939033
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
Judaism, Christianity and Islam all impose obligations and constraints upon the rightful use of wealth and earthly resources. All three of these religions have well-researched views on the acceptability of practices such as usury but the principles and practices of other, non-interest, financial instruments are less well known. This book examines each of these three major world faiths, considering their teachings, social precepts and economic frameworks, which are set out as a guide for the financial dealings and economic behaviour of their adherents.

Confidence Games

Confidence Games PDF Author: Mark C. Taylor
Publisher: University of Chicago Press
ISBN: 0226791688
Category : Business & Economics
Languages : en
Pages : 416

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Book Description
'Confidence Games' argues that money and markets do not exist in a vacuum, but grow in a profoundly cultual medium, reflecting and in turn shaping their world. To understand the ongoing changes in the economy, one must consider the influence of art, philosophy and religion.

The Problem of Wealth

The Problem of Wealth PDF Author: Hinson-Hasty, Elizabeth L.
Publisher: Orbis Books
ISBN: 1608337030
Category : Religion
Languages : en
Pages : 313

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Book Description
The problem is wealth, not poverty -- Introducing the problem of wealth -- The centrality of economics in Christian theology -- Economism and the ethic of scarcity -- When, why, and how? The boundary between economics and theology -- The current dominant forms of wealth creation and the ethic of scarcity -- Digging for roots to nourish an ethic of enough -- Social trinity, love, and the ethic of enough -- Extensive roots: ecocentric and theocentric visions of economy from a wider variety of the world's great faith traditions -- Increasing the theological and moral imagination of the U.S. middle class -- Real people embodying different values -- Parables for sharing -- Concluding observations and a call to action