Economics as Religion: From Samuelson to Chicago and Beyond

Robert H. Nelson delves into the intricate relationship between economics and religion, revealing how economic theories and practices often parallel religious beliefs in their structure and influence. He navigates the historical landscape from the influential thoughts of Paul Samuelson to the ideological realms of the Chicago School, illustrating how these frameworks have shaped societal values and institutions.

Nelson proposes that economics, much like religion, is built on a set of doctrines and results in fervent followings. He examines the key figures, or "prophets," who have carried forward these ideas, significantly impacting policies and individual behaviors. The exploration extends beyond foundational concepts, encouraging readers to reflect on the moral dimensions and consequences of economic practices.

With thoughtful analysis, the narrative raises a crucial question: Can economics truly fulfill the role of a guiding belief system in modern society? Nelson's work invites both economists and the curious public to reconsider the underlying values that drive economic thought and action.

By interweaving historical insights with contemporary observations, the study offers a unique perspective on the interplay of faith and economics, challenging readers to explore the sacred and secular dimensions of their everyday choices.