Posts Tagged ‘Timur Kuran’

Jared Rubin on Religion & Credit Risk in the Ottoman Empire (Encore Presentation)

Return with us to winter 2016 when Prof. Jared Rubin explained to us why the economic, political, and religious elite did not always get the best credit deals in the Ottoman Empire, and what this all has to do with being a member of a minority religion. When we last talked with Jared, he was finishing up his book manuscript entitled “Rulers, Religion, & Riches.” Let this discussion give you insights into this fascinating work that helps explain the differing historical trajectories between two great world cultures, as well as a fascinating project he conducted with economist Timur Kuran (also a frequent guest on RoR).

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Joshua Hall on Adam Smith, Religious Competition, and the Simpsons

What did Adam Smith have to say on the effects of religious pluralism in a nation? And can what Smith hypothesized be tested today to see if it bears out? And what does this have to do with The Simpsons? Prof. Joshua Hall of West Virginia University explains a recent study he conducted that shows countries with higher levels of religious diversity have less regulated religious markets, just as Smith would predict. We also think about endogeneity and other fancy words, culminating in the economics of The Simpsons, which is not related to the main topic, but which is really cool nonetheless.

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Jared Rubin on Religion & Credit Risk in the Ottoman Empire

When it comes to gaining access to cheap financial credit, we normally assume that the economic, political, and cultural elite in society will have a better chance at obtaining favorable loans. However, during the late Ottoman Empire, the wealthy, males, and Muslims were considered to be higher credit risks than the poor, females, and non-Muslims. Prof. Jared Rubin of Chapman University explains why this is, referencing a fascinating historical study he conducted with Prof. Timur Kuran (another frequent guest on our podcast).

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Jared Rubin on Christian and Islamic Economic History

Did religion or church-state institutions have anything to do with the great economic divergence between Christian Europe and the Islamic world beginning in the 11th century? Prof. Jared Rubin of Chapman University reviews the economic history of these two civilizations, covers the dominant explanations for the observed divergence, and then discusses his own research showing that the relationship between religious and political authorities in each region of the world had a great deal to do with why Europe surged ahead economically. We focus primarily on the role of usury laws and financial interest, but Prof. Rubin gives us a taste of some of his work relating to the economic importance of the printing press.

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