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New study says too much religion is bad for economies

But bishop says the study misses the point

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  • Trevor Grundy for Religion News Service
  • International
  • August 30, 2013
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Too much religion can harm a society’s economy by undermining the drive for financial success, according to a new study in the journal Social Psychological and Personality Science.

The study of almost 190,000 people from 11 religiously diverse cultures is raising eyebrows among some of England’s religious leaders for suggesting Judaism and Christianity have anti-wealth norms.

Written by academics at University of Southampton in England and the Humboldt University of Berlin, the study found that religious people in religious cultures reported better psychological adjustment when their income was low.

The study cites the Bible to show how Judaism and Christianity turn upside down the belief that the highest possible income leads to the highest possible happiness and psychological adjustment.

It quotes biblical examples such as Jesus’ teaching, “Blessed are the poor in spirit, for theirs is the kingdom of heaven,” from Matthew 5:3.

The academics conducted their interviews in 11 countries, Austria, France, Germany, Italy, Poland, Russia, Spain, Sweden, Switzerland, The Netherlands and Turkey.

“What the great faiths condemn is the irresponsible use of wealth, not wealth itself,” said Michael Nazir-Ali, the former bishop of Rochester in the Church of England. “The worship of money is the root of all evil and not money on its own.”

The authors said they received no financial support for the research authorship and/or publication of the article.

Full Story: Study: Too much religion can harm economy 

Source: Religion News Service

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