Feb 10, 2010
Studying the Economic and Social Value of Religion
The Yale Center for Faith and Culture recently received a 1.875 million dollar grant from the Templeton Foundation to empirically study “spiritual capital”—the effects of spirituality on entrepreneurship and business management. The project will be led by Miroslav Volf, who directs the center, and Ted Malloch, who studies business ethics at Yale Divinity School.
As Volf explains:
Dr. Malloch argues that entrepreneurs’ authentic spirituality should be given amplified expression in their business activities, and that, when given expression, societies, economies, and companies will prosper and contribute to the common good.
Dr. Malloch relates the concept of spiritual capital to the widely studied concepts of human and social capital, which he argues are based, to a large extent, on the existence of good faith, trust, stewardship, a sense of purpose, and other moral characteristics that are generated and sustained by the piety, solidarity, and hope that come from religious faith.


I can’t wait to learn more about the results of this project! Studying the impact that religion has on many different areas of life is often overlooked or consciously cast aside as too “opinion-based”, especially in the math and science fields. Dr. Malloch’s proposal sounds very similar to the one posed by Laura Nash and Scotty McLennan who have both worked at the Harvard Business School. The HBS faculty research website features an article on their research: http://hbswk.hbs.edu/item/3511.html .