It is surprising to see the erudite and well-travelled Tyler Cowen say here
"Though Western society has experienced a widespread secularization, our versions of capitalism and democracy are still based squarely on Christian ideas, and I believe this marriage of liberalism and Christianity has been for the better. China and India, despite each having some number of Christians, have no realistic prospects for a comparable ideological accommodation between morals and markets...."
Eastern religions and philosophies give a lot of significance to the balance between these elements in day-to-day life.
The article is titled " Vaticanomics" .
[Typically Religions preach a lot of "wait-economics" on the lines of " it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God." Similar things in most religions. Sort of inverse proportionality between current wealth and future salvation.]