Commerce, Religion, and the Rule of Law

The rule of law and religion can act as commercial substitutes. Both can create the trust required for material prosperity. The rule of law simplifies social interactions, turning people into formal legal agents and generating a map of society that the state can observe and control, thus credibly co...

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Bibliographic Details
Main Author: Oman, Nathan B. (Author)
Format: Electronic Article
Language:English
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Published: Brill 2018
In: Journal of law, religion and state
Year: 2018, Volume: 6, Issue: 2/3, Pages: 213-235
Further subjects:B Rule of law religion trust markets
Online Access: Presumably Free Access
Volltext (Verlag)
Parallel Edition:Non-electronic

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520 |a The rule of law and religion can act as commercial substitutes. Both can create the trust required for material prosperity. The rule of law simplifies social interactions, turning people into formal legal agents and generating a map of society that the state can observe and control, thus credibly committing to the enforcement of the legal rights demanded by impersonal markets. Religion, in contrast, embraces complex social identities. Within these communities, economic actors can monitor and sanction misbehavior. Both approaches have benefits and problems. The rule of law allows for trade among strangers, fostering peaceful pluralism. However, law breeds what Montesquieu called “a certain feeling for exact justice” that crowds out deeper forms of relation. Religious commerce fosters precisely such communities. Religious commerce, however, does not create bridges between strangers as effectively as the formal rule of law. Furthermore, the state tends to be suspicious of tight religious communities, particularly when they are commercially successful. 
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