Friday, May 7, 2010

Who are the Catholic economists?
Tom Smith

Interesting.  Doesn't seem like there are that many these days.

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Tom Smith


Both Chesterton and CS Lewis said that Christian economists were a vital social need.

Although I'm a faithful Catholic, the Church's (really the Bishops') positions on many economic issues has always troubled me. There often doesn't seem to be an understanding of how economies grow and create wealth.

Posted by: Hank Archer | May 7, 2010 11:28:28 AM

I can't vouch for the accuracy of this statement, but I've been told that Catholic theologians invented the notion of cost as lost opportunity, which is basic to all economics, back when they were figuring out why Aristotle was wrong about the morality of charging interest on loans. Unfortunately, the usual church line today (both Catholic and Protestant) is something like "government is better than free enterprise because it means well." It doesn't really mean well, most of the time, and even if it did it wouldn't work.

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