When the Church Becomes the "Market"
Religion and my field of economics have been competitors since way back. We are competitors because each of us thinks we know best who should decide how money is used. Adam Smith published "The Wealth of Nations" in 1776. He was a professor but had been a preacher. His message upset those in religion. He said national wealth comes from individual people making decisions in their own best interests. Religion had always taught God was the source of all wealth and the church knew best what money should be used for. An interesting article appeared today by a nun who lives in a religious order. She explained how those who live in her order "buy" things. Actually, they do not buy things but request personal items from the chief nun who decides if it is really needed or not. It reminded me of Amish women who make videos of Amish life after the have left that community. Husbands hold all the family's money in conservative branches and hand over to the wife only what th...