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.

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.

Attempts to shed light on the development of economic thought and in particular on elements of continuity and divergence. The text provides insights into Adam Smith, John Stuart Mill and Victorian evolutionary social theory, and axiomatic general equilibrium theory.

"Keeping Faith, Losing Faith: Religious Belief and Political Economy" considers the historical and current relationship between religious and economic schools of thought. The volume explores the integration of theology and economics that was prevalent before the twentieth century, the rise of secular neoclassical economic models in the middle of that century, and the recent trend toward examining economic behavior through the prism of religious belief. Two of the essays examine the antagonism between Christianity and utilitarianism in postrevolutionary French economics and the rising influence of the materialism of the market vis-à-vis the declining authority of the Roman Catholic Church in eighteenth-century Europe. Other topics explored include the work of the great American neoclassicist Frank Knight, the combination of utility analysis and Christian principles among the "clerical economists" in America, and the effect of a crisis of personal faith on the theories of the English philosopher and economist Henry Sidgwick.

What has theology to do with economics? This first book to address the question directly will be welcomed by all those with an interest in exploring how theology can inform economic debate.