RELIGION AND THE RISE OF CAPITALISM By Benjamin M. Friedman

“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

  1. Economic, Politics, and Religion — 3
  2. The Road to Adam Smith — 29
  3. Philosophical Underpinnings — 63
  4. The Competitive Market Mechanism — 86
  5. Predestination and Depravity — 109
  6. Assault on Orthodox Calvinism — 131
  7. The Calvinist Controversy in Colonial America — 169
  8. Vision of Human Progress — 197
  9. Political Economy in the New Republic — 228
  10. The Clerical Economists — 252
  11. Competing Gospels — 284
  12. Economics for Social Improvement — 311
  13. Conflict and Crisis — 334
  14. Uniting Religious and Economic Conservatism — 359
  15. Economics in the Public Conversation — 387

Acknowledgments — 417

Notes — 419

Bibliography — 475

Index — 509

30 thoughts on “RELIGION AND THE RISE OF CAPITALISM By Benjamin M. Friedman

  1. Steve Oerkfitz

    Sounds interesting but I don’t see myself reading this. Boy, Lawrence and Conwell sure got it wrong.

    Reply
  2. Jeff Meyerson

    “It is only to the man of morality that wealth comes”?

    In what world? Bishop Lawrence, meet Donald Trump. Now run screaming from the room in horror.

    This one doesn’t interest me at all, I must say. Once again, Eclectic George takes the crown.

    Reply
  3. Deb

    History is full of people (some sincere, some con men with an eye to the main chance) using/twisting religion to squeeze money out of people’s wallets. I actually had someone tell me that Jesus’s words, “If a man does not work, he will not eat”—taken completely out of context—was the reason she opposed Medicaid/Medicare expansion, the food stamps program, free/reduced school lunches, and single-payer health care. Massive tax breaks to billionaires and corporations still ok, I guess. Sigh.

    Reply
    1. george Post author

      Deb, I agree with you on the use of religious inclinations for private profit. I was impressed with John D. MacDonald’s ONE MORE SUNDAY which shows in detail how an Evangelical church fleeced their followers.

      Reply
  4. Michael Padgett

    I don’t know about religion making you rich but according to our increasingly nutty Supreme Court it’ll exempt you from just about any law you happen to disagree with.

    Reply
    1. Deb

      Yep! And now states are introducing bills that say doctors do not have to provide medical services to transgendered people if it’s against their religious beliefs.Good grief!

      Reply
      1. Jeff Meyerson

        Yeah,, and I don’t need to get a vaccine. It’s against my religious beliefs.

        I am still waiting to hear exactly which religion tells you not to get vaccinated. None,

      2. george Post author

        Jeff, I know plenty of people who refuse to get vaccinated. Many of them cite religious reasons, others political reasons. Meanwhile, Western New York Covid-19 numbers are spiking!

  5. Patti Abbott

    Having gone to a high school with the evangelicals, none of this is a surprise. I wonder if this country’s first citizens hadn’t been Puritans if we’d have a different mindset.

    Reply
  6. Michael Padgett

    Interesting point, Patti. Today’s evangelicals keep blathering about “religious freedom”, but that’s not their goal. They already have that. Their goal is the freedom to impose their religion on everyone else.

    Reply
    1. george Post author

      Michael, when a state can stop a transgender teenager from getting treatment that his parents and doctors support, that crosses a line.

      Reply
      1. Wolf

        George, I just read that in some US states so called “conversion therapy” for young LGBT people can be ordered by the authorities – horrible!

    2. Wolf

      Michael, exactly. So the old saying holds:
      Religion is the root of all evil!
      And in Germany we have a saying:
      Und willst Du nicht mein Bruder sein so schlag ich Dir den Schädel ein!
      Death to all heretics – and of course witches, LGBT people, scientists …
      Maybe I’ve told that story before?
      I come from a mixed marriage. My father was a policeman in protestant Danzig (West Prussia), joined Hitler’s army as a sergeant and was sent to Southern Germany where he met a lovely blonde girl – but she was a Catholic …
      In Germany there had been the rule: Cuius regio eius religio and in the days before WW2 that was still valid.
      In summer 1939 my father “knew” that something was coming so he asked his girlfriend to marry him – but no children.
      When the local catholic priest heard this he went to my mother’s mother and told her that would be a sin – but she sent him off!
      And in 1942 my father realised that the war was lost and he probably wouldn’t return from the Russian front so my parents were willing to have a souvenir for my mother – that was me.
      Even more OT:
      My grandmother used to say when asked about her beliefs:
      I believe that a pound of good meat makes a good soup …

      Reply
  7. Jeff Smith

    I read books on religion, but this one doesn’t look of interest to me. (I can see why it does to you, though, George.)

    I just bought three that are sitting here next to my chair. I’ve flipped through all three, but don’t know when I’ll get around to actually reading them. A HISTORY OF THE BIBLE (2019) by John Barton looks to be the densest of them, but really interesting, as it puts the different books in the historical context of when they were written, and how they’ve been variously interpreted over the years. HEAVEN AND HELL [2020) by Bart Ehrman (a favorite writer of mine) is subtitled “A History of the Afterlife,” and studies how what people have believed happens to us after we die has evolved over time — the current Christian beliefs are not taken directly from the Bible. BIBLE BABEL (2010) by Kristin Swenson is the one I’ve read the most of, because anywhere I’ve turned to it has just sucked me in. It just scoots along engaging topic after topic: the original texts and their many translations, quotes that people use to justify their beliefs and actions that don’t mean what they think they mean, creationism, environmentalism, where God is nice to people and where he’s mean…you never know where she’s going next, and she’s really good at talking about all this, it’s extremely readable. She just came out with another, similar book, but I figured I would buy the first one first.

    Reply
  8. Cap'n Bob Napier

    Thank goodness we have stellar examples of righteous people accumulating wealth, like the Clintons and Bidens!

    Reply

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