I regret this turn by good Catholic writers and scholars to “Third Way” thinking on economics. It’s just Socialism repackaged, and it’s immoral.
I would add that the descriptions of the market and its effects by the author here have little to do with an actual free market. The primary reason for this confusion is a serious lack of understanding just how interventionist, mixed and managed our economy is by the hand of government and its agents. We literally have a mixed, interventionist and socialist system. Our entire money stock is just paper issued by a state monopoly. Hardly a market there?
Tom Woods wrote a great couple of books here — the Church and the Market, and Beyond Distributism. Seek them out.
I urge and plead readers to seek out Ludwig Von Mises and the heirs of his school of economics. Visit the Mises Institute, which is chock full of Catholics (and other Christians). Not all economics is BS econometrics. Misesian economics would be very familiar to a Catholic, as it’s based in verbal logic using axiomatic observations of reality and the entailments thereof.
And many of the movement’s brightest lights are Catholics. Check out Jorg Guido Hulsman, a German economics professor in France. He writes at the intersection of ethics and economics under the Misesian insights. Learn how inflation and central banking destroy civilization. His latest book is a study on charity itself and all the dynamics of human action that give rise to it. It is hard core economics, yes, but you’ll see nothing of the fake homo economicus in this.
Try listening to his podcast interview in the book at the Mises website. (NB, I am not employed by the MI).
I regret this turn by good Catholic writers and scholars to “Third Way” thinking on economics. It’s just Socialism repackaged, and it’s immoral.
I would add that the descriptions of the market and its effects by the author here have little to do with an actual free market. The primary reason for this confusion is a serious lack of understanding just how interventionist, mixed and managed our economy is by the hand of government and its agents. We literally have a mixed, interventionist and socialist system. Our entire money stock is just paper issued by a state monopoly. Hardly a market there?
Tom Woods wrote a great couple of books here — the Church and the Market, and Beyond Distributism. Seek them out.
I urge and plead readers to seek out Ludwig Von Mises and the heirs of his school of economics. Visit the Mises Institute, which is chock full of Catholics (and other Christians). Not all economics is BS econometrics. Misesian economics would be very familiar to a Catholic, as it’s based in verbal logic using axiomatic observations of reality and the entailments thereof.
And many of the movement’s brightest lights are Catholics. Check out Jorg Guido Hulsman, a German economics professor in France. He writes at the intersection of ethics and economics under the Misesian insights. Learn how inflation and central banking destroy civilization. His latest book is a study on charity itself and all the dynamics of human action that give rise to it. It is hard core economics, yes, but you’ll see nothing of the fake homo economicus in this.
Try listening to his podcast interview in the book at the Mises website. (NB, I am not employed by the MI).
Unfortunately I’m not related to John Boyle from UST. But thank you for the kind words about the article, I greatly appreciate it!