a thicker market

Jon Gruber:

“Basically churches are the source of social capital in society, are the main source of social capital in society. And therefore if you’re around more people like you, that’s a bigger community, that’s what we call in economics a thicker market. There’s more people around who can help you out as you’re growing, help you out if you’re hurting, it’s really sort of a social insurance notion of a church. And then finally and most speculatively, faith itself may produce better outcomes. I know a number of people who are very religious. It gives them a calmness and a certainty that allows them to be successful in other areas of their life.”

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