Posts Tagged ‘Economics’

Pope owes poor better understanding of markets Comments 0

Monday, November 18th, 2019

Galileo ran afoul of the Inquisition in 1633 when he was found “vehemently suspect of heresy.” His heresy? Declaring the heliocentric view of the solar system: that the earth revolves around the sun. His punishment was lighter than many others who faced the Inquisition. He was “only” sentenced to house arrest until his death in Read more

Best Vatican document on Economics for some time Comments 0

Thursday, May 24th, 2018
Oeconomicae et pecuniariae quaestiones

Wednesday, the Vatican issued a letter, Oeconomicae et Pecuniariae Quaestiones on economic and financial matters. Quite unlike many recent communications on those issues, it was elegantly written – almost a joy to read. It is a serious and constructive contribution to the debate and, in its earlier sections, it is, if not quite original, a vital Read more

The cult of growth and manic materialism Comments 1

Thursday, December 7th, 2017

The aspect of modern economic thinking I find most depressing is the lack of any emphasis on play or fun or family and friendships. An economic worldview has evolved that sucks the meaningful marrow out of life. The big question we should be asking is whether our economic system is serving us or are most Read more

Aussie bishops speak out on marriage ahead of election Comments 0

Tuesday, May 17th, 2016

Ahead of Australia’s federal election, Catholic bishops have spoken out about political decisions that can damage marriage and hurt families. In a statement from the Australian Catholic Bishops Conference (ACBC) released yesterday, the bishops stated that “political decisions” can damage the institution of marriage and hurt families. Australia’s federal election is scheduled for July 2. The Read more

US presidential hopeful going to Vatican conference Comments 0

Tuesday, April 12th, 2016

A Democratic contender for the US presidency, Bernie Sanders, is going to the Vatican to speak in a conference on economics. But how this came about has become a point of contention. While the US senator said he accepted a Vatican invitation, one of the conference’s organisers said that his campaign had lobbied for his Read more

Vatican invites Naomi Klein to front climate conference Comments 0

Tuesday, June 30th, 2015

The Vatican has invited social activist Naomi Klein to help lead a high level conference on the environment later this week. Ms Klein, who campaigns for an overhaul of the global financial system to tackle climate change, will take centre stage at the conference alongside Cardinal Peter Turkson. The cardinal is president of the Pontifical Read more

NZ Initiative: Pope talking ‘drivel’ in encyclical Comments 9

Tuesday, June 30th, 2015

“As a Catholic economist, reading this papal drivel masquerading as an encyclical is both embarrassing and infuriating,” says Oliver Hartwich, the executive director of the New Zealand Initiative, a libertarian think tank. He was referring to the the Pope’s encyclical Laudato Si’. “Thank God Catholics are free to disagree with this personal position of the Pope.” Read more

Religious told to keep close eye on their orders’ finances Comments 0

Friday, August 8th, 2014

Members of religious orders should not be ignorant of economic realities in their own communities, the Vatican has told religious. A recent circular letter from the Congregation for Institutes of Consecrated Life and Societies of Apostolic Life dealt with the use of financial resources by religious orders. Under church law, each order is required to Read more

Archbishop Balvo calls for ethical economic reform Comments 0

Tuesday, July 8th, 2014

Archbishop Charles Balvo has called for an ethical economic reform. Balvo, who was recently the Pope’s representative [apostolic nuncio] in Wellington was addressing  the United Nations Environmental Assembly. He said that while the desire to moderate the consumption of goods was commendable, it was necessary to abandon the model of “an uncontrolled consumerism, an immeasurable Read more