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The answer to this complex question needed an entire book, and here it is for free!

Historical Protestantism largely influenced prosperity by promoting education, by secularising institutions, and by stabilising democracy. Protestantism has also proven highly influential in the successive historical law revolutions that gradually mitigated the power of pervasive feudal institutions and of papalist medieval canon law. In contrast, traditionally Roman Catholic countries have generally upheld a medieval model of extractivist institutions until anti-clerical (non-communist) movements were able to weaken this influence in some countries.

In contrast to common views in economics and sociology on how religion impacts prosperity via its cultural influence (i.e. à la Weber), this open access book demonstrates that, instead, the core variable to prosperity influence is the institutional influence of religion. This finding shifts how the relationship between religion and development should be viewed.

Type and download free book (open access by Springer):

"“Ye Shall Know Them by Their Fruits”: A Mixed Methods Study on Corruption, Competitiveness, and Christianity in Europe and the Americas"

The book explains why are Protestant nations richer than Catholic ones.

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