Market and money: a critique of rational choice theory

Peter van der Veer

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Study and Philosophy of Religion Religion and Society Interactions Weber, Simmel, Sociological Theory

Abstract

The author argues that market theories of religion based on the notion of ‘rational choice’ do not contribute to our understanding of the transcendental value of money and markets in our social life. Such theories depend on too narrow an interpretation of ‘rationality’ and neglect the importance of enchantment in financial transactions, consumption patterns, and religious life. The author uses studies of religion in China and South Asia to illustrate his theoretical position.

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References

2007A Secular Age 1968International Encyclopedia of the Social Sciences.1983Rationality and relativism 2007Out of the Pits: Traders and Technology from Chicago to London 1985Rationality and Relativism.2006The Red, Black, and Gray Markets of Religion in China 2007Qigong fever: body, science, and utopia in China 1972Belief, Language and Experience

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