(Full article is behind a paywall unfortunately.)

Harpers Magazine, Oct. 2011
Pennies from Heaven
How Mormon economics shape the G.O.P.
By Chris Lehmann

As the American media has copiously noted, the next year or so 
promises to be a breakout moment in the mainstreaming of the 
Mormon faith. There are already two Mormon contenders for the 
G.O.P. presidential nomination: former Massachusetts governor Mitt 
Romney and former Utah governor and diplomat Jon Huntsman. There’s 
the Tony-winning Broadway comedy The Book of Mormon, which has 
proved a runaway critical and commercial success. (Serving as 
recognizable fodder for parody certainly marks a cultural 
comingof- age, and for the most part, Mormon leaders have taken 
the send-up in confident stride.) There are high-profile offerings 
from Mormon sources that bear no explicit spiritual agenda but 
abound with Mormon-friendly themes, such as Stephenie Meyer’s 
hugely successful Twilight franchise of teen vampire novels. And 
thanks to the heroic promotional efforts of the country’s 
best-known Mormon convert, Glenn Beck, the work of a previously 
obscure Mormon polemicist and historian, W. Cleon Skousen, has 
attained both bestseller status and pride of place in the Tea 
Party movement.

But for all the attention now lavished on how Mormonism fits in 
with the American experience, remarkably little is known about a 
key feature of Mormon belief: the organization of economic life.

The omission is puzzling. Romney, after all, has staked his claim 
to the presidency largely on the basis of his business acumen. 
Amid a crippling recession, the former CEO of Bain Capital, with 
an estimated net worth of more than $200 million, presents himself 
as the assured corporate manager who can briskly lift America out 
of its long slough of despond. Surely, the conventional wisdom 
goes, Romney’s fiscal finesse should put him in the White 
House—and close the gap between Mormons and mainstream 
evangelicals, who have long regarded the Church of Jesus Christ of 
Latter-day Saints as a preserve of dangerous cultists.

In fact, the business side of Mormonism is a curious agent for the 
faith’s deliverance into the mainstream. It entails an ethos of 
accumulation that makes the so-called prosperity gospel seem 
listless by comparison. “Mormonism is the Protestant ethic on 
steroids,” argues Mark Skousen, a cheerfully libertarian professor 
of economics who holds the Benjamin Franklin Chair of Management 
at Grantham University, and who happens to be Cleon Skousen’s 
nephew. He describes what he calls an “Old Testament prosperity 
principle” in the Book of Mormon, “a kind of Abraham covenant: If 
you live a righteous life, God will bless you. Over and over, you 
read about this cycle of prosperity— a business cycle, if you will.”

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