Divine Economy Archives - Ethics & Public Policy Center

Neo-Scholastic Economics and Social Justice

Roughly speaking, scholastic economic theory is the analytical toolkit that the popes have used to discuss the new pastoral challenges of economic history as it unfolds.

(Neo-) Scholastic Economics and Morality

Getting the history of economic theory wrong inevitably leads to inferior modern theory, particularly regarding morality and economics.

Washington, Wall Street and the “Monetary Sin of the West”

To speak partly American, partly Wall Street and partly Catholic: the current monetary system violates the first principle of American political economy, qualifies as what Pope John Paul II called a “structure of sin,” and acts as a machine that creates bad apples both in Washington and on Wall Street.

Finn’s “Nine Libertarian Heresies” and Mueller’s First Lemma: Economists Complain Exactly Insofar as They Are Unable to Explain

Mark Twain remarked that "Wagner's music is better than it sounds." Similarly, Daniel K. Finn's "Nine Libertarian Heresies Tempting Neoconservative Catholics to Stray from Catholic Social Thought" is better than it reads–like a draft introduction to 'The Catholic Economist's Guide to How to Make Enemies and Fail to Influence People.'

Review of "Calculated Futures: Theology, Ethics, and Economics"

Calculated Futures: Theology, Ethics, and Economics D. Stephen Long and Nancy Ruth Fox, with Tripp York Waco, Texas, Baylor University Press, 2007 (233 pages) In Calculated Futures, a collection of eight essays on the intersection of theology and economics, economist Nancy Fox writes, “Both theologians and neoclassical economists appear to agree that the market is […]

A Return to Augustinian Economics

Despite belonging to an organization that recently celebrated its founder’s two thousandth birthday, some American Catholics exhibit the attention span of fruit flies when their faith impinges on their politics. Recent responses to Benedict XVI’s Caritas in Vertitate (“Charity in Truth”) closely parallel those that greeted the last economic encyclicals: John Paul II’s Sollicitudo rei […]

The Preacher as Economist vs. "The Economist as Preacher"

**Note: Click here to download a copy of this transcript with complete footnotes. **  A Faith & Law Lecture Rayburn House Office Building Washington, D.C., 30 May 2008 I’d like to thank Faith & Law for spoiling its hitherto spotless record of excellence by inviting me to present one of its lectures. As you know, Faith & […]

The Economics of Loving Your Neighbor

[NOTE: The graphs and charts from Mr. Mueller’s presentation are available in PowerPoint and PDF formats by clicking here.] Princeton University and the Pace Center deserve our thanks for organizing this panel on “The Economics of Loving Your Neighbor.” The great German economist Wilhelm Röpke once wrote, “Economically ignorant moralism is as objectionable as morally […]

The Preacher as Economist vs. The Economist as Preacher

Keynote address to the Panel on “Economics and Secularism” Princeton University October 11, 2003 John D. Mueller1 I’d like to thank our sponsors—the James Madison Program at Princeton University, the Princeton University Center for Human Values, The Center for Research on Religion and Urban Society at the University of Pennsylvania, and The Providence Forum—for inviting […]

The End of Economics

According to Lionel Robbins’ classic definition, “Economics is the science which studies human behavior as a relationship between ends and scarce means that have alternate uses.” Yet most modern economists assume that economic choice involves only the means and not the ends of human action. The reason seems to be that most modern economists are […]