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Economic Approach to Religion

A grade “A” is an economic good because it is desired by many students, but it is not attained by many thus creating an opportunity cost. Exams are meant to evaluate how the examinee is faring on in a specific area of study. It is the dream of every student to perform well in each and every exam, a fact that creates utility in good grades where the good grades have the ability to satisfy the desires of the student. Good grades continue to increase the utility of the students. Thus, Getting an A in this course is an economic good.

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Breathing air is a free good in economics as it is present in large quantities and it can be obtained by all at no opportunity cost. This means that everyone is at liberty to have as much air as one desires at no cost. This is because air is availed by nature where the quantities that are supplied are always more than the quantities that are demanded. The fact that air has no limited supply makes it to lack the qualifications of an economic good. This is in contrast to other economic goods in which the quantities of their availability are perpetually scarce, thus instigating the high prices that are articulated with each of the good in which the prices are directly proportional to the scarcity of the good in question, that is, the scarcer a good is, the higher the price of obtaining it.

The national defense of any state is an economic good in the scope of collective economic goods because it satisfies the desire of the citizens of a given state by protecting them from internal or external attacks. The national defense is for the benefit of everyone. It should be noted that the consumption of collective goods by one person in the nation does not reduce the amount that is consumed by the other citizens. Therefore, the satisfaction derived by every citizen in the country from the services of protection by the national defense is equal and it is not prejudicial in its capacity to satisfy all. Another key aspect of collective goods such as national defense is that the benefits that one reaps from the national defense do not depend on the exact amount of funds that a person remits to the government. Therefore, those who pay lesser taxes as compared to others in the society do not receive less protection from the national defense and the reverse is true.

The statement “only an irrational person would go to church” in context of economics depicts time as a scarce resource. To examine the economic rationality of the statement, one must examine the economic worth of the time that is spent while attending a church service. This is because in going to church a person gains nothing economically. While attending to a church service cannot be said to be an economic good as a person does not stand to gain from the service economically, it can be said that attending to a service has an indirect benefit to the person. Therefore, any economic value that can be derived from going to church can only be indirectly experienced by the church goer. This kind of need negates all the laws and principles of economics and in this case, economic good. This is because an economic good is any product or service that is capable of fulfilling personal needs and in the process, increase utility to the consumer. The transmission of the economic good from the producer to the consumer entails a transfer of monetary value. This characteristics contrast church services, which no monetary value can be attached to them, despite their capability to satisfy the spiritual need of the believer.

The statement “all you need is love” negates the laws and principles on which modern and classical economics is founded. Both classical and modern principles of economics seek to identify products as per their economic value. In reference to the above statement, it is impossible to attach any economic value to love. This is because love is meant to satisfy the emotional facets of human needs. This need cannot be transmitted from one person to another in terms of monetary value. Thus, the statement “All you need is love” has no basic foundation in economics.

This question is related to an article about Apple taking over as the leading denomination in which the whole of America will worship. These assertions are based on the strides that the company has made to become a leading innovator of products. It is evident that in the recent past, Apple has come up with brands that are meant to catalyze thinking due to the extreme functionality of the brands. This unprecedented phenomenon of Apple products has been likened to a religious devotion where people dedicate their minds and souls, despite one’s religious orientation to a supreme being. A number of people believe that the innovations by Apple Inc. are in same capacity as gods. It is evident that a huge following of Apple has immortalized the former chief executive officer of Apple because of the brilliance and talent he brought into Apple to make it the most valuable company in the world.

It is evident that every member of any society has a religious choice. In this paper, the most dominant choice is that of discerning how people make their religious choices. Two approaches have emerged. These are; the religious and the irreligious. However, it should be noted that these two factions do not imprison their followers, but they are free to make more choice with regard to their religious orientation. This makes this issue of religious choice complex.

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The choice that a member in of a society may take is based on two affiliations, which are, conversion and re-affiliations. Conversion refers to the tendency of the society to shift from one religious tradition to another. For instance, a member may shift from Islam to Christianity or vice versa.

Religious re-affiliation refers to the process where a member of one religion shifts his or her faith to another religious tradition without necessarily converting to another religion. This kind of shifting entails adopting the religious practices of another faction of the same religious tradition. For instance, a person stops being a Sunni Muslim to become a Shiite or from being a catholic to being a protestant.

It is evident that the kind of religious choices undertaken has some effects to both the individual and the group that the person is affiliated to. Simply put, the highest effects in either of the choices are felt when there is a conversion than when there was a re-affiliation. This is because a conversion has more disruptive effects as compared to re-affiliation.

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