Rational-choice theory, a free market in religion, and Islamic law
According to neoclassical economics, efficiency is directly related or proportional to the degree of competition, so a free market in exchange is deemed preferable to a monopoly. Based on this, neoclassical economics employs rational-choice theory. According to rational-choice theory, individuals and communities evaluate costs and benefits on the basis of available information. Neoclassical economics applies rational-choice theory to the laws of exchange in the context of a market-based economy.
@ShiaMan14
This is absolutely true. Profit is definitely used as a motive to entice prospective converts. In a modern capitalist economy private interests have more resources than the public state and are better placed to engage in bribery-as-“proselytisation.” So institutional religion in, say, Iran is less able to compete with the myriad private interests that promote conversion to rival faiths. But this ultimately goes back to the point that I raised in my initial post: that the modern c
