Political economy and Christian theology coexisted happily in the intellectual world of the eighteenth century. During the nineteenth century they came to be seen as incompatible, even mutually hostile. In the twentieth century they went their separate ways and are no longer on speaking terms. These fourteen essays by Anthony Waterman serve as snapshots of the history of this estrangement, and illustrate the gradual replacement of the discourse of theology by that of economics as the rational framework of political debate. Others have recently shown that both political economy and Christian theology are important, though somewhat neglected elements in modern intellectual history. This book is the first to combine these two lines of inquiry.

Professor Waterman analyses the story of the 'intellectual repulse of revolution', and describes the ideological alliance of political economy and Christian theology after 1798.

How did the economy become bound up with faith in infinite wealth creation and obsessive consumption? Drawing on the economic writings of eighteenth-century French theologians, historian Charly Coleman uncovers the surprising influence of the Catholic Church on the development of capitalism. Even during the Enlightenment, a sense of the miraculous did not wither under the cold light of calculation. Scarcity, long regarded as the inescapable fate of a fallen world, gradually gave way to a new belief in heavenly as well as worldly affluence. Animating this spiritual imperative of the French economy was a distinctly Catholic ethic that—in contrast to Weber's famous "Protestant ethic"—privileged the marvelous over the mundane, consumption over production, and the pleasures of enjoyment over the rigors of delayed gratification. By viewing money, luxury, and debt through the lens of sacramental theory, Coleman demonstrates that the modern economy casts far beyond rational action and disenchanted designs, and in ways that we have yet to apprehend fully.

Since the early 20th century, economics has been the dominant discourse in English-speaking countries, displacing Christian theology from its previous position of authority. This path-breaking book is a major contribution to the interdisciplinary dialogue between economics and religion. Oslington tells the story of natural theology shaping political economy in the late 18th and early 19th centuries, emphasising continuing significance of theological issues for the discipline of economics. Early political economists such as Adam Smith, Josiah Tucker, Edmund Burke, William Paley, TR Malthus, Richard Whately, JB Sumner, Thomas Chalmers and William Whewell, extended the British scientific natural theology tradition of Francis Bacon, Robert Boyle and Isaac Newton to the social world. This extension nourished and shaped political economy as a discipline, influencing its theoretical framework, but perhaps more importantly helping legitimate political economy in the British universities and public policy circles. Educating the public in the principles of political economy had a central place in this religiously driven program. Natural theology also created tensions (especially reconciling economic suffering with divine goodness and power) that eventually contributed to its demise and the separation of economics from theology in mid-19th-century Britain. This volume highlights aspects of the story that are neglected in standard histories of economics, histories of science and contemporary theology. Political Economy as Natural Theology is essential reading for all concerned with the origins of economics, the meaning and purpose of economic activity and the role of religion in contemporary policy debates.

This well-known Christian ethicist ably bridges the gap between theology and political economy, proposing a theologically informed view of modern economic life. He traces the emergence of modern Protestant and Catholic views of the economic order from anti-slavery movements to contemporary Ecumenical themes. He delineates the failures of socialist, liberationist and laissez-faire systems and retrieves the neglected contributions of such figures as Shailer Mathews and Walter Rauschenbusch, while showing the continued relevance of Max Weber's view of economy and society for Christian ethics. He concludes that Christian stewardship must cultivate and articulate a new public theology that will shape the structures and policies of public life. Originally published in 1987 by Wm. B. Eerdmans Publishing Co.

This study examines the relationship between Christian thought and economy and raises philosophical, theological, and ethical issues that result from the engagement, and points the way to emerging research at this nexus.

God does not appear in the modern market. For most economists this is as it should be. It is in no way necessary, according to modern economic theory, to consider God when thinking about economy. Indeed, the absence of God in economic matters is viewed as necessary to the great advances in modern economy. The difficulty with modern market economies, however, is that human livelihood is also left out of the theory and practice of the market economy. ?"I propose to bring the church's teaching about God, the doctrine of the Trinity, to bear on the masked connections between God and economy. I will treat the Trinity as the way of understanding what the Bible calls the 'economy of God.'?

This unique work has a historical time-span reaching from Aristotle to the modern day, thus appealing to those interested in the history of ideas and economic thought as well as the links between theological and economic thought.

Sovereignty and the Sacred challenges contemporary models of polity and economy through a two-step engagement with the history of religions. Beginning with the recognition of the convergence in the history of European political theology between the sacred and the sovereign as creating “states of exception”—that is, moments of rupture in the normative order that, by transcending this order, are capable of re-founding or remaking it—Robert A. Yelle identifies our secular, capitalist system as an attempt to exclude such moments by subordinating them to the calculability of laws and markets. The second step marshals evidence from history and anthropology that helps us to recognize the contribution of such states of exception to ethical life, as a means of release from the legal or economic order. Yelle draws on evidence from the Hebrew Bible to English deism, and from the Aztecs to ancient India, to develop a theory of polity that finds a place and a purpose for those aspects of religion that are often marginalized and dismissed as irrational by Enlightenment liberalism and utilitarianism. Developing this close analogy between two elemental domains of society, Sovereignty and the Sacred offers a new theory of religion while suggesting alternative ways of organizing our political and economic life. By rethinking the transcendent foundations and liberating potential of both religion and politics, Yelle points to more hopeful and ethical modes of collective life based on egalitarianism and popular sovereignty. Deliberately countering the narrowness of currently dominant economic, political, and legal theories, he demonstrates the potential of a revived history of religions to contribute to a rethinking of the foundations of our political and social order.

Ever since Antiquity, reflections about economic problems have always been intertwined with questions relating to politics, ethics and religion. From the 18th century onwards, economic thought seemed to have been gradually disentangled from any other field, and to have gained the status of an autonomous scientific discipline, especially with the later use of mathematics. In fact, the growth of economic knowledge never broke off any ties with these other fields, and, especially with religion and ethics, even though the links with them became less obvious, they only changed shape. This is what this book illustrates, each chapter dealing with different periods and authors from the Middle Ages to the present times. Focusing in turn on the thought of the Scholastics, Ibn Rushd (Averroes), John Calvin, the French liberal Jansenists, Dugald Stewart, David Ricardo, Henri de Saint-Simon, Charles de Coux and French Christian Political Economy, Auguste Comte and Émile Durkheim, Henry Sidgwick, Arthur Cecil Pigou, and finally John Maynard Keynes, the studies collected here show how religious themes played an important role in the development of economic thought. This book was originally published as a Special Issue of The European Journal of the History of Economic Thought.