Index Investing News
Sunday, April 26, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Religious Incentives and Life in Society

by Index Investing News
April 14, 2024
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Economics can help understand two conflicting aspects of religion: its potential usefulness in a free society and the incentives of some believers for extreme intolerance.

The social usefulness of religion has been noticed by many thinkers, including Friedrich Hayek (see Chapter 9 of The Fatal Conceit). Religion or at least some religions can provide the proper incentives for the moral behavior that is necessary for the maintenance of an autoregulated order. In their seminal The Calculus of Consent, James Buchanan and Gordon Tullock went in the same direction, but with a caveat (pp. 300-301):

A widespread adoption of Judeo-Christian morality may be a necessary condition to the operation of any genuinely free society of individuals. …

Christian idealism, to be effective in leading to a more harmonious social order, must be tempered by an acceptance of the moral imperative of individualism, the rule of equal freedom. The acceptance of the right of the individual to do as he desires so long as his action does not infringe on the freedom of other individuals to do likewise must be a characteristic trait in any “good” society. The precept “Love thy neighbor, but also let him alone when he desires to be let alone” may, in one sense, be said to be the overriding ethical principle for Western liberal society.

As much as religion can generate useful incentives for life in society, it can also lead believers to behavior more conducive to intolerance, social strife, and violence. An extraordinary example of this was provided by Ismail Haniyeh, who ran the Quatar-based political bureau of Hamas. Three adults among his thirteen children, who were reportedly also involved in Hamas terrorism, were targeted and killed in Gaza by an air strike attributed to the Israeli government. Four of his grandchildren also died in the strike. Haniyeh declared (“Israeli Airstrike Kills Three Sons of Hamas Political Leader,” Wall Street Journal, April 10, 2024):

I thank God for this honor that he bestowed upon us with the martyrdom of my three sons and some grandchildren.

It is difficult to counter the incentives of individuals who believe that their savagery and the sacrifice of their children (and “some grandchildren”) will be rewarded with blissful eternal life. A blissful eternal life has, by definition, an infinite value. The greedy incentive to get there has led to wars of religion, and alas still does.

St. Bartholomew’s Day massacre (1572), by François Dubois. Wikipedia Commons https://en.wikipedia.org/wiki/File:La_masacre_de_San_Bartolom%C3%A9,_por_Fran%C3%A7ois_Dubois.jpg



Source link

Tags: incentivesLifereligioussociety
ShareTweetShareShare
Previous Post

Jelly Roll Reveals He Has Lost Over 70 Pounds: ‘I Feel Really Good’

Next Post

Iran struck ‘important’ Israeli military targets – IRGC (VIDEOS) — RT World News

Related Posts

The limits on Scott Bessent’s Treasury swap lines

The limits on Scott Bessent’s Treasury swap lines

by Index Investing News
April 25, 2026
0

Scott Bessent’s ability to provide dollar swap lines for allies in Asia and the Gulf could be constrained by the...

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

by Index Investing News
April 21, 2026
0

    The transcript from this week’s, MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management, is below. You can stream...

Tech Troubleshooting in Space – Econlib

Tech Troubleshooting in Space – Econlib

by Index Investing News
April 17, 2026
0

When astronaut Christina Koch, the first woman to fly around the moon, reported an issue from space that could have...

Oil price surges ahead of Strait of Hormuz blockade

Oil price surges ahead of Strait of Hormuz blockade

by Index Investing News
April 13, 2026
0

Good morning and welcome to FirstFT. In today’s newsletter:Trump announces naval blockade of Strait of Hormuz Orbán’s crushing Hungarian election...

At The Money: Seeking Uncorrelated Returns

At The Money: Seeking Uncorrelated Returns

by Index Investing News
April 9, 2026
0

     At The Money: Seeking Uncorrelated Returns (April 8, 2026) Managed Futures generate returns that are not correlated...

Next Post
Iran struck ‘important’ Israeli military targets – IRGC (VIDEOS) — RT World News

Iran struck ‘important’ Israeli military targets – IRGC (VIDEOS) — RT World News

U.S. hikes royalty fees for drilling on federal lands for first time in a century

U.S. hikes royalty fees for drilling on federal lands for first time in a century

RECOMMENDED

Convert Those Donuts to Dollars

Convert Those Donuts to Dollars

December 9, 2022
China’s zero-Covid coverage and lockdown is failing Shanghai

China’s zero-Covid coverage and lockdown is failing Shanghai

April 20, 2022
Do tariffs increase inflation? | Mint

Do tariffs increase inflation? | Mint

March 21, 2025
Wipro Revenue Dips, HCLTech Profit Beats Estimates — Earnings Wrap

Wipro Revenue Dips, HCLTech Profit Beats Estimates — Earnings Wrap

January 12, 2024
S.Korea says it would spare no effort to assist North Korea amid COVID outbreak : worldnews

S.Korea says it would spare no effort to assist North Korea amid COVID outbreak : worldnews

May 16, 2022
7 Components To Crafting Hermetic Contracts In A Publish-Sitzer | Burnett World

7 Components To Crafting Hermetic Contracts In A Publish-Sitzer | Burnett World

November 20, 2024
Central Bank Takes Charge As Regulator

Central Bank Takes Charge As Regulator

June 15, 2023
Should We Care if Legacy Media Dies?

Should We Care if Legacy Media Dies?

February 26, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In