
R&L: In your view, what are the primary ethical responsibilities of a business professional in a free society?
Raymond: The main professional responsibility of a person in business is business. He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency. But I also feel strongly that when a person is successful in an economic way, he or she thereby gains the tools to do many more things. That means supporting the broad activities of the corporation, including the people who work for that company and the communities in which it operates. It is important to remember that...
The renewed emphasis on the study of Roman Catholic social teaching and how it can contribute to the rebuilding of the culture of life presents many challenges. A formidable one is relaying the essentials of that teaching to the average person in a way that simply and concretely captures the imagination. This is especially necessary today as the linkage between religious values and good citizenship appears all but broken. Indeed, people who believe in God are being pushed farther and farther to the perimeter of public discourse. We need a new rallying cry suitable to the specific problems of our time in order to reestablish the connection between God and good government.
This cry may be buried deep within John Paul II’s encyclical Centesimus Annus. In paragraphs forty and forty-one of the encyclical the...
I recently attended a seminar at which a speaker expressed his strong conviction that a deep conflict exists between seeking God’s kingdom and conducting a successful business enterprise. The speaker then went on to blame the market economy for promoting a system inimical to the Christian faith. Casting the market economy in the image of a giant octopus, he described how human beings become the fish caught in its ubiquitous tentacles. Even if a trapped fish manages to lop off an ensnaring tentacle, another one grows right back to menace the fish again.
As a Christian businessman, I find this caricature of corporate chief executive officers and the market economy as symptomatic of a larger problem that exists within our society today, where we often jump to conclusions based on “sound-bites” of...
Sometimes we advocates of the free and virtuous society become so wrapped up in defending its technical merits that we neglect to deliberate on the broader, more fundamental reason for promoting a free economy as part of this society. To avoid (or correct) this tendency, we should pause to wipe clean whatever particular lens we have been looking through and ponder what the true goal for the market should be.
That goal should be solidarity. Solidarity includes accepting that we have a social nature and affirming the bonds we share with all other human beings, rightly thought of as our brothers and sisters. Thus, solidarity is a social virtue that bears many fruits and blessings. It creates an environment in which mutual service is encouraged and the social conditions for human rights are respected and nurtured. The...
"The encyclicals do not condemn our economic system of free enterprise, but instead give a strong moral foundation for such a system."
With these words, written in 1947, Father Edward Keller voiced an opinion at odds with the way many American Catholic social thinkers viewed the relationship between the social teaching of the Church and the market economy. Keller, while not given much attention by historians, Catholics, or free market advocates, was in fact one of the most articulate and forceful Catholic defenders of the market system in the twentieth century.
Keller was born in Cincinnati on June 27, 1903. After joining the religious order of the Holy Cross (the congregation that...
R&L: What significance do intellectual property rights have within a free market economy and what importance did the Founding Fathers place on intellectual property rights in the American economy?
Rogan: They are the underlying basis of a free market economy. The amazing thing about the Founders, aside from their wondrous gift of the Constitution, is that while they were in Philadelphia drafting that precious document they recognized the importance of intellectual property. When I give speeches on the subject, I tell people that if they look at Article I, Section 8, they will find the anticipation of a patent and trademark system. Freedom of religion is what drove the Founders’ ancestors from England to America. Clearly that freedom would have been of primary concern for the first...
As anyone who lives in the Detroit Metropolitan area knows, the divisions between city and suburbs along race and class lines are deep and seemingly intractable. These divisions are what make a Catholic high school in Detroit—at one of which I am a teacher—so different from a Catholic high school in the suburbs. Like Rabbit, the protagonist in the recently debuted movie 8 Mile, my students hail from the south—commonly considered the “wrong”—side of 8 Mile Road. With an incessant barrage of profane language and bleak images, 8 Mile mercilessly depicts the living conditions of those who come from the south side of 8 Mile Road. The film’s depiction penetrates so pointedly that even the most callous person cannot help but gain a feel for the apparent hopelessness festering through...
One branch of Quakers—the unprogrammed, officially called Friends (the organizational name for the Quaker religion is the Religious Society of Friends)—believe that God is in each person and that he leads humans to truth not through adherence to creeds or confessions, but purely through the Spirit by means of experiential understanding and evidence. This experiential evidence manifests itself in the statements of Friends who speak up at a meeting, either voicing their thoughts or reading a passage from Scripture or other literature. Friends are only supposed to speak at a meeting when they feel the Spirit is leading them to do so.
Among unprogrammed Quakers, business meeting is conducted usually once a month. Decisions are made by the Sense of the Meeting, which occurs when the Friends at a meeting arrive...
The “Catholic Framework For Economic Life” (CFEL) prepared by the National Conference of Catholic Bishops provides new optimism for all of us in the global economy. The CFEL consists of ten essential points that help balance societal obligations on one hand with business and economic decisions in a competitive environment on the other. Now more than ever, the balance provided in the CFEL is critical. As everyone knows, moral, ethical decisions can conflict with corporate goals of profit maximization and shareholder value. Affording business the ability to compete in a global market while simultaneously protecting workers’ rights and the disadvantaged in society presents a difficult challenge. Enhancing one is often viewed as being at the expense of the other. Increasingly, however, this dilemma is being reshaped,...
In any discourse about the modern welfare state, rehearsing all the religious and moral reasons for assisting those in need is unnecessary. Citing one passage from the Gospel will do: “Truly I tell you, just as you did it to one of the least of these members of my family, you did it to me” (Matt. 25:40). However, this sensitivity does not emancipate us from the obligation to prudently and wisely consider the most appropriate means to carry out this ministry. While Paul encouraged the early Christian community to be sensitive to the needy, he also prudently admonished “if a man does not work, neither let him eat” (2 Thess. 3:10). With all its emphasis on love as the fundamental virtue, Christianity has never accepted that a moral responsibility exists to help those who could, but would not help themselves.
...
J.R.R. Tolkien fue profesor del idioma y la literatura inglesa y anglosajona en la Universidad de Oxford en los años comprendidos entre 1925 y 1959. Debe su fama a sus libros El Hobbit (1937), El Señor de los Anillos, que contiene tres volúmenes llamados La Comunidad del Anillo, Las Dos Torres y El Retorno del Rey (1954-55), y El Silmarillion (1977), cada uno de los cuales ambientados en el mundo mitológico de la Tierra Media.
Tolkien fue siempre un católico muy devoto que recordaba y experimentó los tiempos en los que la libertad religiosa en el Reino Unido aún no estaba completamente garantizada. La fe, para...
J.R.R. Tolkien è stato professore di lingua e letteratura inglese ed anglo-sassone all’Università di Oxford negli anni fra il 1925 e il 1959. Deve la sua notorietà ai suoi libri Lo Hobbit (1937), Il Signore degli Anelli, che contiene tre volumi intitolati La Compagnia dell’Anello, Le Due Torri e il Ritorno del Re (1954-55), e Il Silmarillion (1977), ognuno dei quali ambientato nel mondo mitologico della Terra di Mezzo.
Tolkien, da sempre cattolico molto devoto, si ricordava perfettamente, per il fatto di averli vissuti sulla propria pelle, di quei tempi in cui la libertà religiosa all’interno del Regno Unito non era ancora completamente garantita. La fede per...
J. R. R. Tolkien was professor of Anglo-saxon and English language and literature from 1925-59 at Oxford University. Tolkien is most famous for his books The Hobbit (1937), The Lord of the Rings, which entails the three volumes entitled The Fellowship of the Ring, The Two Towers, and The Return of the King (1954-55), and The Silmarillion (1977), all of which are set in the mythological world of Middle-earth. Tolkien was a devout Catholic who both remembered and experienced times when religious freedom was not completely guaranteed in the United Kingdom. Faith, for Tolkien, as his literary biographer Joseph Pearce reports, “...
The prosperity and way of life in many countries of western civilization (namely Germany, Holland, Switzerland, England, and the United States of America) have existed for a few hundred years now. Much like those who lived in the Roman Empire, the sheer force of this history may persuade contemporary members of secular society to feel invincible against the demise of this prosperity and way of life, demanding it as a birthright rather than accepting it as a delicate heirloom. Rather than embracing the qualities that have brought about this prosperity, Fred Catherwood in The Creation of Wealth: Recovering a Christian Understanding of Money, Work, and Ethics notes that contemporary secular society has replaced these qualities with two basic assumptions: good and evil have no absolute definition and a moral order of right and wrong...
Bulls, Bears & Golden Calves: Applying Christian Ethics in Economics by John E. Stapleford (Intervarsity Press) is both a reference for Christian thinking on specific economic topics and a helpful companion to the major economics texts of our day. The list of chapters reads like a recipe for staying up all night in group debate or private turmoil (depending on your inclination): environmental stewardship, legalized gambling, debt relief for less developed nations, population control, pornography, immigration. The only hot issue missing from Bulls, Bears is a chapter on CEO Compensation.
If these topics are on your personal radar, you will be pleased to find that there are portions in the book where the analysis becomes, well, exciting. That is an odd thing to say about an economics book. Do...
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