Columns Asset Magazine

This column by prof.dr. Sylvester Eijffinger has been published in Asset Magazine (Faculty of Economics and Business Administration, FEB).

The Culture of the Collective

published: 24-05-2010

Economy and religion. At first sight two completely opposed entities. Can economists and theologians learn from each other? The conference 'Does god want Capitalism?' last March at the University of Tilburg proved they certainly do. Furthermore, the global economic crisis clearly showed that the world of capital and the world of religion have something in common. We find faith and particularly superstition not only in the context of religion but also within the field of economics. The financial world with its magical practices exceeding the bounds of reality lost its right to exist. Economists are forced to reflect on the way we design our society. now the focus is 'back to reality'. Sustainable and moral quality seems to be the new adage of the financial world. Where can we find a guideline to achieve this?

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