How Economics Became A Religion

It seems that somewhere along the line we, as humans, have lost our religion…the one where we embrace some god or another……it has been embraced by the love of greed and money.

This press is of an English article from the Guardian……but it speaks pretty much to most of the world……

The long read: Its moral code promises salvation, its high priests uphold their orthodoxy. But perhaps too many of its doctrines are taken on faith.

Although England has an established church, few of us today pay it much mind. We follow an even more powerful religion, around which we have oriented our lives: economics. Think about it. Economics offers a comprehensive doctrine with a moral code promising adherents salvation in this world; an ideology so compelling that the faithful remake whole societies to conform to its demands. It has its gnostics, mystics and magicians who conjure money out of thin air, using spells such as “derivative” or “structured investment vehicle”. And, like the old religions it has displaced, it has its prophets, reformists, moralists and above all, its high priests who uphold orthodoxy in the face of heresy.

Source: How economics became a religion | John Rapley | News | The Guardian


16 thoughts on “How Economics Became A Religion

  1. Good article. I read a review of the book it is taken from recently. It was well-liked, but the subject matter is a little to dry for me to read in depth.
    Best wishes, Pete.

  2. Thinking back to the 1980 Flash Gordon movie: “Hail Consumerism!”
    Consumerism, as an adjunct to Trickle Down Mythology, now touted by The Righteous Ones–no, not the Righteous Brothers, is now dubbed “Dynamic Scoring.” But, it still waddles like a fat-assed duck! Here, Donald!

      1. At least the movie had a (very, very) little Sci-, before the fiction. With the Supply-Siders, we get only Fiction, and everyone knows who gets trickled upon!

  3. Hello! The Student Economist blog has only just started, but if you enjoy a quick and enjoyable read about the world of economics, visit the website!

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