Review: How the Byzantines Saved Europe

The Surprising Life of  Medieval Empire

The Oxford Handbook of Byzantine Studies. Edited by Elizabeth Jeffreys, John Haldon, Robin Cormack. Oxford University Press (2008) Byzantium: The Surprising Life of a Medieval Empire by Judith Herrin. Princeton University Press (2008) Ask the average college student to identify the 1,100 year old empire that was, at various points in its history, the political, commercial, artistic and … [Read more...]

Are We A Profitable Church? And Shouldn’t We Be?

“Then he who had received the one talent came and said, ‘Lord, I knew you to be a hard man, reaping where you have not sown, and gathering where you have not scattered seed. And I was afraid, and went and hid your talent in the ground. Look, there you have what is yours.’ “But his lord answered and said to him, ‘You wicked and lazy servant, you knew that I reap where I have not sown, and gather … [Read more...]

More Thoughts on Economics and the Church

This was originally posted on my own blog and then posted here in the comments section.  I thought for ease of those who read and comment here I would simply repost  it here for your comments. In Christ, +FrG My post on the implication for the Orthodox Church of Novak's understanding of capitalism (for the original post, click here)  has inspired an interesting, if not always edifying, … [Read more...]

Stealing, Lying, Cheating and the ‘New Sins’

The Economist surveys recent commentary by religious leaders on economics and the environment, focusing on Pope Benedict XVI's recent encyclical Caritas in Veritate. Ecumenical Patriarch Bartholomew I gets a nod for his upcoming symposium on the Mississippi. The Economist does a passable job of summing up these issues as viewed through the lens of faith, but does recoil a bit at more "purist" … [Read more...]

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...]

Patriarch Kirill ‘copying John Paul II’

In the New York Times, Sophia Kishkovsky files a report on Patriarch Kirill's recent youth rallies in Moscow and St. Petersburg where he struck both nationalist and highly personal tones. Patriarch Kirill also did not mention America, but said immoral economies are doomed to collapse. “An economic system built only on the striving for profit, on indifference to the fate of people, on … [Read more...]

Orthodox Christianity and Capitalism — Are They Compatible?

Kevin Allen, host of The Illumined Heart podcast on Ancient Faith Radio, interviews writer, attorney, and college professor Chris Banescu, an Orthodox Christian, about the economic, moral and spiritual issues surrounding the market economy. Kevin asks: Does the capitalist system serve "the best interests of Christians living the life of the Beatitudes?" Listen to Chris Banescu on Orthodox … [Read more...]

Glad we got that one solved

money

HT: The Economist … [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...]

WCC’s ‘Homespun’ Economic Fallacy

The World Council of Churches, which claims to speak for most Orthodox Churches around the globe, has formulated a number of proposals to reform the global financial system because of its inherent "injustice." General Secretary Samuel Kobia sees the need for new transnational financial watchdog organizations that will "qualitatively regulate the growth in massive movements in capital." The … [Read more...]

Thomas Sowell before the election

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Metropolitan Kirill on Economic Globalization

Metropolitan Kirill of Smolensk and Kaliningrad, the President of the Department of Foreign Religious Affairs of the Moscow Patriarchate, has written a prologue or introduction to “The Ethics of the Common Good in Catholic Social Doctrine” (Libreria Editrice Vaticana, 2008) by Cardinal Tarcisio Bertone, the Vatican’s Secretary of State. The article by Metropolitan Kirill was translated from the … [Read more...]

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