October 25, 2014

Defining Capitalism and Some Thoughts for the Church

An interesting post on First Things by Michael Novak, “ Caritas and Economics.” Novak discusses the different understandings embodied in the six different Latin words for love. In anticipation of some of my own work looking at private property in light of the tradition of the Orthodox Church, my attention was drawn to Novak's definition of capitalism. I think he is correct in his assertion … [Read more...]

Roepke was right

Wilhelm Roepke

In my Winter 2007 article on economic globalization for AGAIN Magazine, I quoted economist Wilhelm Roepke: Economically ignorant moralism is as objectionable as morally callous economism. Ethics and economics are two equally difficult subjects, and while the former needs discerning and expert reason, the latter cannot do without humane values. In light of all that has happened with the … [Read more...]