Five Paragraphs on the Common Political Economy of Abrahamic Religions; Shorter version: Three Paragraphs on the Common Economics of Abrahamic Religions, Contribuciones a la Economía, 2015, Jan. issue; www.eumed.net/ce/2015/1/abrahamic-religions.html

Gerasimos Soldatos

MPRA Paper from University Library of Munich, Germany

Abstract: The idea is that the three Abrahamic religions, Judaism-Christianity-Islam, all predispose microeconomics-wise for a social-welfare liberal state safeguarding against the violation of efficiency (not to waste resources and goods), equity (fair wealth distribution), and envy-freeness prefer own modus vivendi relative to neighbor’s) through voluntary action. Macroeconomics-wise, all of them are comfortably compatible with managing the overall economy in line with the four rules of the non-Monetarist Chicago School of Thought given that none of them approves profitable lending: No open-market-operations, cyclically-balanced-budget, k-percent money-growth, and zero-bank-money or full-reserve rules. A Rousseauesque social contract complementing the Lockean one is claimed to be the only état des choses compatible with all three Abrahamic religions.

Keywords: Abrahamic religions; Efficiency-equity-envy-freeness; Democracy; non-Monetarist Chicago School of Thought (search for similar items in EconPapers)
JEL-codes: A12 A13 Z12 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-hpe, nep-mac and nep-pke
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