Prof. Joseph Daniels of Marquette University discusses why the two different kinds of social trust — “bridging” and “bonding” — are important for society and how religion matters in generating and maintaining this trust. It is noted that religious attendance significantly enhances social trust, although there are some denominational effects that temper this increase. We also discuss how different denominations view free trade and immigration.

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Author Larry Witham takes an outsider’s look at the “economics of religion,” a relatively new academic perspective on understanding religious behavior and institutions. We trace the history of this academic school from Adam Smith to contemporary times and investigate how the logic of economics can help explain behavior at the level of the household, organization and market. The economics of religion is not just about financial concerns, but deals with how religiously-motivated individuals achieve their goals (including evangelization) in a world of scarcity. The basic assumptions and premises of the approach are examined, as are the critiques of the approach.

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