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Moral Spiritual & Religious Aspects of Economic Development -Phillip Tussing

Moral Spiritual & Religious Aspects of Economic Development -Phillip Tussing. Adam Smith. Wealth of Nations, 1776: Foundation of Modern Economics

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Moral Spiritual & Religious Aspects of Economic Development -Phillip Tussing

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  1. Moral Spiritual & Religious Aspects of Economic Development -Phillip Tussing

  2. Adam Smith Wealth of Nations, 1776: Foundation of Modern Economics The Theory of Moral Sentiments, 1759: Moral nature of human beings, centered on promoting the well-being of oneself and one's family, one's friends and one's country – ever-widening circles – basis of “invisible hand”, by which self-interest brings about social well-being

  3. Social Capital • World Bank: “refers to norms & networks that enable collective action” • Networking empowers development

  4. Spiritual Capital Measurable value to individuals, groups or society of spiritual, psychological or moral beliefs &/or practices Metanexus Institute: religious networks build social networks plus the mutual trust which strengthens them Benefits: Reduced corruption, fewer legal complications, improved health (effects on drug use, unprotected sex, etc.)

  5. Spiritual Capital Index SCI developed by Alex Liu at RM Institute Composite of various national indicators, including Competitiveness index, Foreign Direct Investment confidence, Corruption index, Freedom ranking, Business climate ranking, Summary Innovation index, etc.

  6. Business Ethics Ethical business often better business More loyal workforce Better relationships with partners, suppliers & customers Less legal problems More sustainable long term, because more supportive of the social system

  7. Catholicism The relation between morality and economics is necessary, indeed intrinsic: economic activity and moral behaviour are intimately joined one to the other. The necessary distinction between morality and the economy does not entail the separation of these two spheres but, on the contrary, an important reciprocity.

  8. American Christianity • In order to raise the bar in your life, first be honest with yourself. If you are lazy, get up an hour earlier in the morning. If you are a gossip, repent to the person to that you talked about. If you are stingy, sow a financial seed into someone’s life that you admire. When you get rid of the baggage, God will bless your business and ministry above what you can ask, think or pray.

  9. Islam • ...the Islamic worldview, conditioned by three of the faith's basic tenets – unity, viceregency and justice – emphasizes both the mundane and spiritual aspects of human development.

  10. Baha'i Faith • ...unless the development of society finds a purpose beyond the mere amelioration of material conditions, it will fail of attaining even these goals.

  11. Resources 1 http://www.vatican.va/roman_curia/pontifical_councils/justpeace/documents/rc_pc_justpeace_doc_20060526_compendio-dott-soc_en.html#II. MORALITY AND THE ECONOMY http://mpra.ub.uni-muenchen.de/2979/1/MPRA_paper_2979.pdf

  12. Resources 2 Islam and Economic Development, ISBN: 9694620066 Author: M. Umer Chapra Publisher: International Institute of Islamic Thought (IIIT) Pages: 167 The Prosperity of Humankind. A statement prepared by the Bahá'í International Community Office of Public Information, Haifa, first distributed at the United Nations World Summit on Social Development, Copenhagen, Denmark. Haifa, Israel. 3 March 1995

  13. Resources 3 http://www.cedaministry.org/ http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTSOCIALDEVELOPMENT/EXTTSOCIALCAPITAL/0,,menuPK:401021~pagePK:149018~piPK:149093~theSitePK:401015,00.html http://www.spiritualcapitalresearchprogram.com/What_is.asp http://www.ifcss.net/4capital/sci http://metalibri.wikidot.com/title:theory-of-moral-sentiments:smith-a

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