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Faith and Liberty: The Economic Thought of the Late Scholastics
$18.50 [ purchase ]

A common working assumption of many economists is that modern economics began with Adam Smith. Largely forgotten is the contribution of the Spanish scholastic thinkers of the sixteenth and seventeenth centuries. Thinking through issues such as the just price a...

Research

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Acton Research

The Research Department serves as the academic research facility of the Acton Institute, accommodating in-house and externally-based scholars from a variety of nationalities, Christian confessions, and different intellectual disciplines. Read More »

Cardinal Bertone and Metropolitan Kirill on Social Doctrine

Cardinal Tarcisio Bertone

Paola Fantini has expanded her blog post on Cardinal Tarcisio Bertone's new work on Catholic social doctrine into a book review for the forthcoming Religion & Liberty quarterly published by the Acton Institute. She has also translated the prologue to the book by Russian Orthodox Metropolitan Kirill. These articles are the first to translate anything from Cardinal Bertone's “The Ethics of the Common Good in Catholic Social Doctrine” (Libreria Editrice Vaticana, 2008) into English. The Italian title is "L'etica del Bene Comune nella Dottrina Sociale della Chiesa."

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From the Journal of Markets & Morality

Does John Courtney Murray's Defense of Freedom Extend to Economics? An Austrian Perspective by William R. Luckey

Theologian John Courtney Murray was the primary motivator behind the Vatican II document, The Declaration on Religious Liberty. Murray and that document held that man had an inherent dignity that does not allow coercion in religious belief by public or private groups or institutions. Only religious actions detrimental to public order were to be subject to State regulation. Despite his insistence on human dignity and freedom in religious matters, Murray seems to accept the pre-Centesimus Annus Catholic view that the free economy, while a good thing in essence, is a dangerous entity requiring heavy governmental supervision. Various authors, some with approval, some with dismay, use this view to prove that Murray, and the older Catholic view as well, are Socialist. This paper argues that Murray, who admitted that he was not an economist and who used the views of another noneconomist, Adolph Berle, as his starting point, is inconsistent with his own views. This means that if Murray followed his own teaching on religious liberty, and if he was instructed in the discipline of economics in order to correct badly understood concepts, he would have accepted the free market without the qualifications he added.

In the Liberal Tradition

Wilhelm Roepke (1899-1966)

Bureaucracy is undoubtedly the weapon and sign of a despotic government, inasmuch as it gives whatever government it serves, despotic power.
~ Lord Acton
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