Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 20 January 2020

Abstract and Keywords

Religion is in many ways an economic phenomenon and can be analyzed as such. By economy most economists understand systems for the allocation of resources. In this light, this chapter notes various ways in which religious organizations are engaged in sectoral markets and produce private and public goods, entailing products and services. Religion and economy are interdependent and relate to each other in distinct ways across societal subsystems. Economy both permeates religious structures and is a co-system. This is generally studied by political economy: recent moves beyond neoclassical economic theory (which saw culture as an exogenous factor) emphasize the economy’s embeddedness in social relationships and its variation across cultures. The chapter considers ways in which religious phenomena reflect recent changes in capitalist systems and ways in which religious economies function as explicit economic systems.

Keywords: capitalism, consumerism, cultural capital, economic transactions, economy, markets, neoliberalism, religion

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.