front cover of Keeping Faith, Losing Faith
Keeping Faith, Losing Faith
Religious Belief and Political Economy, Volume 40
Bradley W. Bateman and H. Spencer Banzhaf, eds.
Duke University Press
“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.

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The Korean Economy
From a Miraculous Past to a Sustainable Future
Barry Eichengreen, Wonhyuk Lim, Yung Chul Park, and Dwight H. Perkins
Harvard University Press, 2017

South Korea has been held out as an economic miracle—as a country that successfully completed the transition from underdeveloped to developed country status—and as an example of how a middle-income country can continue to move up the technology ladder into the production and export of more sophisticated goods and services. But with these successes have come challenges, among them poverty, inequality, long work hours, financial instability, and complaints about the economic and political power of the country’s large corporate conglomerates, or chaebol.

The Korean Economy provides an overview of Korean economic experience since the 1950s, with a focus on the period since democratization in 1987. Successive chapters analyze the Korean experience from the perspectives of political economy, the growth record, industrial organization and corporate governance, financial development and instability, labor and employment, inequality and social policy, and Korea’s place in the world economy. A concluding chapter describes the country’s economic challenges going forward and how they can best be met. The volume also serves to summarize the findings of companion volumes in the Harvard–Korean Development Institute series on the Korean economy, also published by the Harvard University Asia Center.

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