Religion and Economic Growth: Was Weber Right?

Ulrich Blum () and Leonard Dudley

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: Evidence of falling wages in Catholic cities and rising wages in Protestant cities between 1500 and 1750, during the spread of literacy in the vernacular, is inconsistent with most theoretical models of economic growth. In The Protestant Ethic, Weber suggested an alternative explanation based on culture. Here, a theoretical model confirms that a small change in the subjective cost of cooperating with strangers can generate a profound transformation in trading networks. In explaining urban growth in early-modern Europe, specifications compatible with human-capital versions of the neoclassical model and endogenous-growth theory are rejected in favor of a “small-world” formulation based on the Weber thesis.

Keywords: growth; religion; networks; culture; Euro (search for similar items in EconPapers)
JEL-codes: O47 Z10 Z12 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (95)

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Related works:
Journal Article: Religion and economic growth: was Weber right? (2001)
Working Paper: Religion and Economic Growth: Was Weber Right? (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:2001-05

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