R&L: In the first sentence of your book, The Mystery of Capital, you write, “The hour of capitalism’s greatest triumph is its hour of crisis.” The great triumph, of course, is capitalism’s victory over communism. What is the great crisis? De Soto: Everyone had high expectations at the fall of the Berlin Wall, when we thought that the “end of history” was in sight because market economies would allow all to flourish, but now there is a general feeling of discontent.
R&L: In your latest book, you compare economics to religion. Why? Nelson: Because economics is a belief system with powerful moral implications. I use the term religion in a broad sense, as something that provides a framework for one's values or some purpose to one's life. I am convinced that people must have some sort of religion, that no one can live entirely free from a framework of meaning. Of course, not all religions require a God, as Judaism or Christianity do.
R&L: You have done some scholarly work on the history of the church's social thought. What is Roman Catholic social teaching, and why is it important, particularly with respect to non-Catholics?
R&L: Until the recent announcement of your retirement, you had worked at your family’s company for over fifty years. In light of this experience, how have you come to understand capitalism?
R&L: You have holdings in both large and small business enterprises. Does the executive of a large, multi-million dollar enterprise face any particular challenges to ethical business practice that an executive in a smaller business enterprise does not?
R&L: You have written many books and articles on the subject of “living out faith at work.” What do you conclude to be the largest impediment to practicing a life of faith in the workplace?