May the Holy Spirit make you creative in charity, persevering in your commitments, and brave in your initiatives, so that you will be able to offer your contribution to the building up of the “civilization of love”. The horizon of love is truly boundless: it is the whole world!--Pope Benedict XVI

Monday, June 20, 2011

Caritas in Veritate and Economic Theory-Nicholas J. Healy, Jr.

June 20, 2011 by Communio
From the Winter, 2010 issue: A Symposium on Caritas in veritate.
Nicholas J. Healy, Jr. (bio): Caritas in veritate and Economic Theory
From the text:
. . . Benedict is also asking us to re-conceive the meaning of economic activity and economic logic; the study of “efficient use of scarce resources” is not realistic. There is “more” to economic relations than efficiency or utility. The “economy” allows for an exchange of goods between members of the human family; market exchanges are an integral part of human life and the common good of humanity. The logic of gift is not extraneous to the logic of the market; it rather opens the door to good economic analysis. . . (full text)

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