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RELIGION AS A FACTOR OF ECONOMIC DEVELOPMENT

At the beginning of the 21st century, religion has not lost its influence. For years or even centuries, religion and the church have played an important role in society, politics and the development of countries. Historically, religion has played an important role in the individual beliefs of people, culture, norms and values of social groups and organizations. Significant influence on political and military power. But it is important not only the influence of religion on socio-political processes, but also the influence of religion on the economy. Scientists have been researching this issue for a long time. A. Smith was one of the first scholars to point out the important influence of religion on the economy. A. Smith in «Studies on the Nature and Causes of the Wealth of Nations», considered among various issues, including aspects of the functioning of markets, monetary economy and factors of production, the scientist also noted the economic aspect of Christianity. Subsequently, a significant contribution to the development of science on the influence and interaction of religion and economics was made by Max Weber in the work «The Protestant Ethics and the Spirit of Capitalism» (1905). The scientist studied the issues of religion and social stratification, the relationship between different religious ideas and the economy. Rodney Stark and Roger Finke also studied the diversity of churches and religious denominations and the competition between them, which, according to scientists, is a positive phenomenon. Chiswick C. U. in «Economics and Religion» (2010) and Wang Q. and Lin X. in «Does Religious Belief Affect Economic Growth?» (2014) analyzed the features of the interaction of economics and religion. The concept of «religious economy» is investigated in the article. The role and place of religion in the economic development of the world are analyzed. The influence of religion on the factors of economic growth. The views of Adam Smith, Max Weber, Rodney Stark, Roger Finke and others on the impact of religion on the economy and the economy on religion have been studied. The importance and place of religion in the economic life of society is important, because of its impact on the value system of the individual, which in turn determines certain economic behavior. As in turn affects the development of the economy and the participation of the individual in economic processes.