INTB 2202 Lecture 4: Chap 4

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Religious and ethical systems: religion: a system of shared beliefs and rituals that are concerned with the realm of the sacred, religions with the greatest following are, christianity (2. 2 billion adherents): is the most widely practiced religion. Economic implications of christianity: in 1904, max weber suggested that it was the. Protestant work ethic (focus on hard work, wealth creation, and frugality) that was the driving force of capitalism: islam (1. 6 billion adherents): is an all-embracing way of life that governs one"s being. Islamic fundamentalism: (in the western media is associated with militants, terrorists, and violent upheavals. Fundamentalists have gained political power in many muslim countries, and have tried to make islamic law the law of the land. Economic implications of islam: under islam, people do not own property, but only act as stewards for god and thus must take care of that which they have been entrusted with.

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