
“It was the purpose of God to employ this nation in the glorious work of renovating the earth”. (p. 275) Lyman Beecher (the father of Harriet Beecher Stowe) wrote these words and preached about it for years. Other religious figures linked religion and capitalism. William Lawrence, the Episcopal bishop of Massachusetts, wrote “In the long run, it is only to the man of morality that wealth comes.” (p. 298). Baptist minister Russell Conwell went ever further preaching that 98 out of a 100 of the rich men of America were honest; that was why they were rich (p. 298).
Benjamin M. Friedman’s Religion and the Rise of Capitalism (2020) traces the relationship between various religions and the rise of capitalism in America from the founding of our country to the present day. Friedman deftly shows how religion and money come together over time.
I particularly enjoyed how the ideas of the historical figures in economics were “interpreted” by religious theologians. This explains why Evangelical Christians support free markets which can result in income inequality. Baptist pastor Francis Wayland advocated for free trade because of his religious beliefs in universal harmony.
If you want to learn how religions embraced capitalism, this book holds all the answers. GRADE: A
TABLE OF CONTENTS:
Introduction — ix
- Economic, Politics, and Religion — 3
- The Road to Adam Smith — 29
- Philosophical Underpinnings — 63
- The Competitive Market Mechanism — 86
- Predestination and Depravity — 109
- Assault on Orthodox Calvinism — 131
- The Calvinist Controversy in Colonial America — 169
- Vision of Human Progress — 197
- Political Economy in the New Republic — 228
- The Clerical Economists — 252
- Competing Gospels — 284
- Economics for Social Improvement — 311
- Conflict and Crisis — 334
- Uniting Religious and Economic Conservatism — 359
- Economics in the Public Conversation — 387
Acknowledgments — 417
Notes — 419
Bibliography — 475
Index — 509








