Friday, July 30, 2004
BELIEF IN HELL BOOSTS ECONOMIC GROWTH - FED SAYS
Fear of nether world is a ‘disincentive to wrongdoing’ — reverend
Updated: 4:34 p.m. ET July 27, 2004
WASHINGTON - Economists searching for reasons why some nations are richer than others have found that those with a wide belief in hell are less corrupt and more prosperous, according to a report by the Federal Reserve Bank of St. Louis "In countries where where large percentages of the population believe in hell, there seems to be less corruption and a higher standard of living," the St. Louis Fed said in its July quarterly review.
For instance, 71 percent of the U.S. population believe in hell and the country boasts the world's highest per capita income, according to the 2003 United Nations Human Development Report and 1990-1993 World Values Survey.
Ireland, not far behind the United States in terms of income, likewise has a healthy fear of a nether world with 53 percent of the population acknowledging hell's existence. FULL STORY
|
Fear of nether world is a ‘disincentive to wrongdoing’ — reverend
Updated: 4:34 p.m. ET July 27, 2004
WASHINGTON - Economists searching for reasons why some nations are richer than others have found that those with a wide belief in hell are less corrupt and more prosperous, according to a report by the Federal Reserve Bank of St. Louis "In countries where where large percentages of the population believe in hell, there seems to be less corruption and a higher standard of living," the St. Louis Fed said in its July quarterly review.
For instance, 71 percent of the U.S. population believe in hell and the country boasts the world's highest per capita income, according to the 2003 United Nations Human Development Report and 1990-1993 World Values Survey.
Ireland, not far behind the United States in terms of income, likewise has a healthy fear of a nether world with 53 percent of the population acknowledging hell's existence. FULL STORY
|
