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Economic pieties

Book review of Religion and the Rise of Capitalism

Book cover
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Book cover of Religion and the Rise of Capitalism

Alan Wolfe | NYT
What does an esoteric concept like Calvinist soteriology have to do with the rise of modern econ­omics? Does laissez-faire have its roots in the arcane Quinquarticular Controversy? Can one find the origins of the welfare state in postmillennialist eschatology?

Questions like these, according to the Harvard economist Benjamin M Friedman, are essential to understanding his discipline today. This is anything but self-evident; economists, especially of the mathematical sort, are unlikely to be transfixed by the writings of St. Augustine. But once theological questions are rendered into secular language, their relevance, and thus the importance of Friedman’s Religion and the Rise of