ABSTRACT

In this important volume, Joost Hengstmengel examines the doctrine of divine providence and how it served as explanation and justification in economic debates in the sixteenth, seventeenth and eighteenth centuries throughout Western Europe. The author discusses five different areas in which God was associated with the economy: international trade, division of labour, value and price, self-interest, and poverty and inequality. Ultimately, it is shown that theological ideas continued to influence economic thought beyond the Medieval period, and that the science of economics as we know it today has theological origins.

Interdisciplinary in nature, this book will be of interest to advanced students and researchers in the history of economic thought, the history of theology, philosophy and intellectual history.

chapter 1|12 pages

Introduction

chapter 2|42 pages

The history of divine providence

chapter 3|39 pages

International trade

God’s universal economy

chapter 4|17 pages

Division of labour

The divine ordering of society

chapter 5|22 pages

Value and price

A providential abundance of necessities

chapter 6|36 pages

Self-interest

The invisible hand of God

chapter 7|30 pages

Poverty and inequality

Rich and poor God-willed

chapter 8|9 pages

Conclusions