Economics

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 “Things are different under Francis.” —Editorial Headline, National Catholic Reporter The National Catholic Reporter tells us: "In Francis we see a great deal of discontinuity with Popes Benedict XVI and John Paul II. And it is about time.” Lest we failed to read what it said already, the Reporter tells us again, and with emphasis: [...]

 “Things are different under Francis.” —Editorial Headline, National Catholic Reporter The National Catholic Reporter tells us: "In Francis we see a great deal of discontinuity with Popes Benedict XVI and John Paul II. And it is about time.” Lest we failed to read what it said already, the Reporter tells us again, and with emphasis: [...]

Why Crisis Magazine?

Crisis Magazine began in 1982 as a response to the crisis of faith in the Catholic Church and soon broadened it’s purview to include the crisis to faith in the public square. While signs of hope have been observed in recent decades thanks to the effective and inspired leadership of Blessed John Paul II and [...]

 A dangerously unstable time that may soon bring about a bad outcome. This is likely the definition Ralph McInerny and Michael Novak had in mind when they established Crisis Magazine in 1982.  For decades they helped Catholics like you and me understand those dangerously unstable times and lend a strong hand to keep the barque [...]

I am a Catholic and it is the very intellectual foundations of the Catholic Church that drew me back to my faith. I grew up admiring Pope John Paul II’s battle against communism—a battle that we now know he played an integral part in. Pope Francis’s background is very different from his two most recent [...]

Our Lord never despised the rich. Throughout his life, he moved among different classes of people with authority and ease. He converses with poor fishermen, but also with the scholars in the temple. He heals blind beggars, but also responds to the request of a centurion with a household full of servants. He was born [...]

The Virtuous Rich

If anyone out there should happen to have a small fortune to dispose of, I would urge them to consider entrusting it to the Lu family. As philosophers, my husband and I can debate almost anything, but on this we have always agreed: we would make excellent rich people. As of yet, the theory is [...]

The diocese of Lansing, where I currently attend mass, is a pretty good one, as such things go in the contemporary United States.  Our parish has a very good priest and I’m confident we won’t soon be joining in on the practice I’ve seen in the archdiocese of Detroit of worshiping in the round, complete [...]

A sentence in the French newspaper Le Monde recently caught my eye: Il y aura toujours des talibans de l’austérité, there will always be the Talibans of austerity. It was uttered by the economist Jean Pisani-Ferry in an interview in the newspaper about the crisis in the Euro zone, and it made me think at [...]

There is one group that is not protected from hate-speech: the rich. For the rich it is permissible, and in some circles de rigueur, to speak disparagingly or hatefully. This, I imagine, is because it is widely supposed that if you hate the rich you must love the poor, and love of the poor, at [...]

A proper examination of President Obama’s assertions about entrepreneurs requires a close consideration of the underlying moral claims they contain. But first it should be conceded to the President that much of the infrastructure that facilitates business is created by the state. Indeed, he is correct to say that the state plays a role in [...]

Africa is a continent of great spiritual and cultural wealth, but also of great material poverty. The way forward for African economies is not aid and development assistance, but prudent business management that enables African workers to attain higher levels of productivity for their efforts. But what model of business management is appropriate for the [...]

$5,000. That’s all we need to raise each month to sustain and fully operate Crisis magazine. Jaws drop when I speak of how much Crisis accomplishes with so little. While our own self-imposed austerity measures allow us to run Crisis on a fraction of the budget of previous years’, as a non-profit publication operating without subscription [...]

One doesn't usually expect a thorough-going reconstruction of the history of socialism in the late 19th century from the pope, but Benedict XVI delivered to us a wonderful--and oh-so-needed--reminder of what socialism was (and is), and why it went wrong. One can't but marvel at his intellectual power: He has discerned the essential problem that [...]

This article originally appeared on Ethika Politika One of the demands made by the Occupy Wall Street movement has been the ending of the legal fiction of personhood for business corporations.  This desire on the part of the Occupy movement is healthy, but the issue is actually more complicated than might at first appear. For corporate [...]

It is now twenty years since the publication of Centesimus Annus, yet only halting steps have been made towards an adequate reception of it. In his concluding remarks to that great encyclical, the Holy Father warned that the Church’s social teaching was no mere theory, “but above all else a basis and a motivation for [...]

Individualism and community are the opposite halves of the American character. For every myth of the self-made man, there is the image of the closely knit New England small town. For every lone cowboy on the frontier, there are the social, political, and cultural groups that Americans have formed since the beginning of the Republic. [...]

So what will it be? A grande Latte... or Western Civilization? A scone with that... or the meat of doctrine? An extra shot of espresso… or the survival of families? A Moccachino... or the Mystical Body of Christ? Today, the price is the same.  Tomorrow the terms change.  Tomorrow there may be silence, apart from the [...]

Business leaders are blaming the education system for the loss of jobs offshore. But aren’t they forgetting that other institution that turns out good workers?

  In one of the two greatest lines of world poetry, Dante bows gently toward "The Love that moves the sun and all the stars." Many moralists speak of love as the one fundamental and universal moral principle, the golden rule honored in all traditions. But what do we mean by love? In English we [...]

Chances are, you’ve heard economics referred to as “the dismal science.” That unflattering description is glib and catchy; it is also 100 percent wrong. Let me set the record straight and explain why economics—far from being dismal—is cause for hope, joy, cheer, and optimism. Thomas Carlyle, a 19th-century Scottish essayist, coined the phrase “the dismal [...]

A new report was released on Monday by the UN’s high level panel on global sustainability. Unsurprising its conclusion is that the world’s current economic , environmental and demographic trajectory is wildly unsustainable.  According to the UN estimates, as reported by Reuters: As the world's population looks set to grow to nearly 9 billion by [...]

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