Religion and culture influence economic preferences: ECB paper

Euro sign, Frankfurt

A European Central Bank paper published on Friday shows religion and culture influence the political economy and individuals' preference for leisure time.

Christoph Basten and Frank Betz, the paper's authors, revive a long-standing debate between social scientists Karl Marx and Max Weber and conduct a quasi-experiment of western Switzerland to investigate whether culture, and in particular religion, exert an independent causal effect on politics and the economy, or whether this is merely a

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