Catholic Economists in Universities. Part 2: Excerpts from Interviews with Catholic Economists from North America

This is the second of two posts on how Catholic economists see their work. The posts are published in celebration of World Catholic Education Day on May 26, 2022, and within the context of the Global Compact on Education called for by Pope Francis. Quentin Wodon is a Lead Economist at the World Bank and a Distinguished Research Affiliate with the College of Business at Loyola University New Orleans.

Read more >>

Economics and purposeful human action

Economics involves the study of purposeful human action. When economists write about “methodological individualism” as being at the basis of their subject, some Christians have a tendency to think that this is problematic: after all, we are called to live in society. However, methodological individualism simply means that it is only the individual that can act purposefully. We should not think of the economy as an abstraction. Economic decisions, outcomes and even complex social structures ultimately arise from the decisions of individuals. If there is dire poverty, oppression and corruption in a country, this does not happen without sinful actions by individuals in the economic sphere. Even if structures of sin exist, whereby the culture is so warped that we find it almost impossible to resist the temptation to sin ourselves (for example, if we simply cannot run our small business without paying a bribe), as St. John Paul II reminded us, such structures of sin always derive from the actions of individuals. That is true even if those actions were historical and interact with the actions of many others.

Read more >>

The NHS – an article of faith

The UK system of health provision is unusual. Our death rate from Covid is also unusual. It is widely reported that our figure for deaths per million of population is one of the highest in the developed world. We could look at this figure and put the blame in all sorts of places. If only we had tightened borders more quickly, we would have had fewer cases, and fewer deaths; if only we imposed lockdown more quickly; if only we had a population more willing to comply with the state’s desire to track and trace us; if only we were on two islands 2,500 miles from the next nearest large country; and so on…

Read more >>

The family, the common good and government

St. Mary’s University continued its series of events on the Common Good, working with Caritas Social Action Network, the Centre for Social Justice and Together for the Common Good. The first event in the series can be watched at: https://www.youtube.com/watch?v=23N5rqHn7FI and the second event on The Common Good and the Family will be available from the youtube channel shortly. Below is Cristine Odone’s contribution to the second event.

Read more >>

Competition and co-operation – they are not alternatives

If you ask most people – perhaps Christians especially – what the opposite of competition is, they will suggest it is co-operation. So often you hear the phrase “co-operation not competition”. But co-operation is not the opposite of competition. Monopoly is the opposite of competition. I do wonder if any of the people who call for co-operation rather than competition have ever tried to run a businesses without co-operating with others: it would not be a success.

Read more >>
© Catholic Social Thought 2020