Stuart Henderson, my PhD student, has a great blog post at the NEP-HIS Blog, which reviews a paper by Roland Benabou, Davide Ticchi and Andrea Vindigni entitled Religion and Innovation. In this paper, the authors argue that greater religiosity is almost uniformly and very significantly associated to less favourable views of innovation. However, Stuart rightly points out that there may be difference across denominations - some religions may positively effect innovation. Indeed, the economic historian in me would point out that many of the founding fathers of modern science had a theistic worldview which underpinned their science - e.g., Kepler, Pascal, Boyle, Newton, Faraday, Lister, Maxwell, Kelvin, Pasteur etc. In other words, these pioneers believed that there is a God who has created all things in an orderly manner and that there are laws of science which can be discovered through human investigation. Without this presupposition, one has to ask would modern science exist? Now there is an interesting counterfactual!
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.