Tbe religion of the market

This article suggests that more than an economic system, the market is a religion, and that economics is its theology, even though it claims to be a science. The author analyzes, in light of the work of Weber, Polanyi, and Tawney, the problems caused by che individualistic and atomistic vision, inhe...

Full description

Autores:
Loy, David R.
Tipo de recurso:
Article of journal
Fecha de publicación:
1997
Institución:
Universidad Nacional de Colombia
Repositorio:
Universidad Nacional de Colombia
Idioma:
spa
OAI Identifier:
oai:repositorio.unal.edu.co:unal/48201
Acceso en línea:
https://repositorio.unal.edu.co/handle/unal/48201
http://bdigital.unal.edu.co/41561/
Palabra clave:
Mercado
religión
economía
teología
éxito económico
deísmo
utilitarismo
injusticia
desigualdad
crisis ambiental
dimensión religiosa
necesidad
satisfacción
Rights
openAccess
License
Atribución-NoComercial 4.0 Internacional
Description
Summary:This article suggests that more than an economic system, the market is a religion, and that economics is its theology, even though it claims to be a science. The author analyzes, in light of the work of Weber, Polanyi, and Tawney, the problems caused by che individualistic and atomistic vision, inherited by economics from the deist and utilitarian traditions --which equated economic success with divine favor-- and suggests that those problems --extreme injustice and inequali ty or the environmental crisis, for example-- and their possible solutions also have a religious dimensiono He proposes afusion of the sensitivity of the Semitic religions to justice withthe emphasis in the Asiatic traditions on Enlightenment in the transcendence of delusion. This would not mean a return to religious values, but rather a recognition that the secular obsessions created by the religion of the market are symptoms of a spiritual need that it cannot satisfy.