Home
/
RELIGION & LIBERTY ONLINE
/
Interview: Economics and the Reality of Things
Interview: Economics and the Reality of Things
Apr 6, 2026 12:58 PM

A while back, Bevan Sabo and Ariel Goldring at Free Market Mojo interviewed me on a wide range of subjects. They’ve kindly granted us permission to post some excerpts:

FMM: Capitalism requires a large degree of selfishness. Though there is certainly room for charity in a free-market system, individuals and firms must pursue their own selfish interests in order for an economy to thrive (or even succeed). How does a Christian love his neighbor as himself and still function as a capitalist?

Father Sirico: I do not share the use of the word selfishness in the way that it is employed in this question. A proper self regard is based on the belief in my own inherent dignity and this requires “self love” but not an inordinate self-love or self-preoccupation which is willing to subordinate others to my own ends, either coercively or in a manipulative manner which disregards the same dignity of others. The word selfishness as it is used mon parlance does not reference rational self-interest but rather a self preoccupation and disordered priority.

From a Christian anthropological point of view the human person (who is much more than “the individual”) is bination of his individuality and his sociality, his autonomy and relationships. From the first moment of our existence we are simultaneously autonomous (in that we are genetically distinct from our mothers), yet in relation to her while in the womb. The whole of our existence following is a working out of this interplay of our autonomy and our social nature. A Christian’s love for his neighbor is rooted in solidarity which is the recognition of a profound connection between human beings. It is, in a sense, a recognition of myself in the other. Because all human beings share an intrinsic dignity we ‘love our neighbors as we love ourselves’. Capitalism, which is only the economic extension of this anthropological truth, can be lived out from this perspective, but in order to be secure, just, and enduring, it needs to rooted in the historical development of such an anthropology.

FMM: In July of last year, the Guardian reported on Pope Benedict XVI’s third encyclical, entitled Charity in Truth. For me, the following is a particularly disturbing paragraph from the article:

The pope today called for a “profoundly new way” of organising global finance and business, calling for a new social and ethical dimension to capitalism and arguing the case for a new world political authority to help champion mon good”.

The idea of the mon good” goes against the spirit of individualism that is an essential part of capitalism and any proper government. Can you discuss Charity in Truth, particularly, its ramifications for those who consider themselves both Christians and capitalists?

Father Sirico: If one is going to really understand papal encyclicals one must understand the tradition and theological milieu from which they emerge and attend to the precise definitions that are given to various specific phrases or concepts. In the case of the latest encyclical Caritas in Veritate many have asked questions about what the pope was addressing when he called for a “New World political authority”. I very much doubt your readers want from me a full exegesis of this section of the encyclical, but let me summarize by saying that this phrase is used in context with the references to subsidiarity elsewhere in the encyclical (e.g., no. 57) which is therein described as “the most effective antidote to any form of passing welfare state.”

Thus it is explicitly NOT the pope’s intention to be calling for some kind if ‘super state’, but rather for a global solidarity and authority “which cannot be imposed by force” (cf., Mater et Magistra, no. 130). The encyclical also cites a number of other references it is drawing upon, all of which are noted in the critical apparatus of the encyclical itself and all of which repudiate any kind of ‘super global state’.

The mon good” in Catholic understanding does not justify collectivism; it is in fact an antidote to it. Rather than some kind of claim mon ownership to goods, it is seen as the overall conditions in which the human person can best flourish – that is, the total set of circumstances for the betterment of humanity, kind of like benchmarks. This definition includes the freedom of the human person and other elements I addressed previously.

Part of the problem with the Randian understanding of the human person is that it is an abstraction of man and thinks of him as a being who somehow just sprung into existence “out of the mind of Zeus” as it were, i.e., it ignores the fact that e from people, they inherit a language and a culture among other things. This abstraction makes it difficult for the strict Randian to account for social necessities like culture, prudence, children (and the ‘irrational’ demands they make on parents) and charity, other than my observing something to the effect, “well, if people want to do that it is there business”. I do not think that to be a substantive answer to these critical realities.

FMM: A few months back, Free Market Mojo had the opportunity to interview Dr. Yaron Brook, president of the Ayn Rand Institute. Ayn Rand was very opposed to faith, believing that man should live by reason alone. We asked Dr. Brook if it was possible for a person of faith to live by the three principle values of John Galt: reason, purpose, and self-esteem. Here is Dr. Brook’s reply:

To the extent someone follows a policy of faith—of believing in some supernatural being for which there is no evidence and whose alleged powers contradict everything we know about science—he is doing the opposite of living by reason.

As a person of faith, I would very much like to give you the opportunity to respond to this line of thinking.

Father Sirico: The question of epistemology is a broad plex one and this response must, by its nature be brief:

The mind employs reason to apprehend the truth of those things immediately available to our senses and in so doing one presumes the reliability of the mind. A first question might be to ask, how does one know the mind itself is reliable? And how does one account for that part of reality not available to the senses? This is where the evidence for transcendence enters the picture.

It is my contention that we know the mind to be a reliable tool of cognition because the mind itself is designed by Intelligence. As Pope Benedict puts it, “Reason cannot emerge from non-reason.” I find it difficult to understand how people can believe that Mind e from non-mind or that persons can emerge from non-persons and still argue for the reliability of the mind or the dignity and rights of human persons. To say that the mind is simply the result of a series of chance amalgamation of matter does not demonstrate the reliability of the mind.

We apprehend the reality of things by reason, to be sure, but if this notion of epistemology descends into ‘scientism’ it es an ideology, and an approach that was criticized by F. A. Hayek in The Counter Revolution of Science and refuted by Michael Polyani in Personal Knowledge. Empiricism may give us data, but it does not give us meaning.

We also apprehend reality of things through faith, intuition, aesthetics, tradition and the like. All of these need balance, correctives, boundaries and proper definitions, but not to employ them properly or to deny their importance leaves us with a rigid and limited mode of knowing. There is a logical problem in asserting that reason can account for all of reality and at the same time say that because transcendence is beyond normative observation by the senses, it does not exist.

In a certain sense we all have faith, for example in our belief that the sun e up tomorrow, even though we do not have direct evidence for it observable to our senses; yet we order our lives according to his faith. A man has faith in the fidelity of his wife (even though this may be mistaken; faith need not be infallible to be reliable anymore than reason). These are beliefs based on certain indications of reliability. To say that to define faith as a belief in that for which no evidence exists is not a Christian definition of what faith is. The New Testament defines faith as “the assurance of things hoped for, the evidence of things not seen”. (Hebrews 13:1)

The state has a limited responsibility with regard to keeping its members from harming themselves. The discernment of what the boundaries of those things are has to be sorted out based on the principles both of truth and of human dignity. To say for instance that man has the right to obliterate his mind through the abuse of drugs and/or alcohol does not itself address the question of that man’s freely undertaken responsibilities toward his family for instance. In the Summa St. Thomas Aquinas certainly makes a distinction between the prescripts of the natural law and the implementation of those prescripts in the form of positive law. And I think that it is very wise for the legislature to be extremely modest in what it attempts to prescribe both because it is impossible merely by law to make men moral, but also we must remember that the legislator himself is a flawed human being and to place in the hands of politicians and bureaucrats the responsibility to make other people’s lives moral is a very precarious endeavor. So in general I would say that we should allow for the maximum amount of liberty as is consistent with the general stability and good of society and be prepared to engage the prudential discussions about when and where and how under what circumstances of e liberties or restrictions should be implemented.

Read more on Free Market Mojo.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
What Genesis says about the nature of work
Is every aspect of Christian life valuable to God? Many, if not all Christians would confidently respond “Yes, of course! Everything we do should be done for the glory of God.” While this response is natural pletely true, its message seems to lose meaning when Christians enter the workplace. Scott Rae, professor of the philosophy of religion and ethics at Biola University, addressed this topic in his recent Acton University lecture, “Theology of Work.” He emphasized that Christians often make...
Explainer: What you should know about the Better Care Reconciliation Act (BCRA)
, their budget reconciliation proposal to repeal-and-replace the Affordable Care Act (aka Obamacare). Here is a summary of the changes being proposed: • Eliminates the individual mandate tax penalty (by reducing the amount owed to $0). • Eliminates the employer mandate tax penalty (by reducing the amount owed to $0). • Delays implementation of the so-called Cadillac tax until taxable periods beginning January 1, 2026. • Allows all individuals purchasing health insurance in the individual market the option to purchase...
The surprising, economic reason 157,000 British children were never born
Students of the free market say that economics is merely human action. Economists also understand that policies have unintended consequences – such as reducing the number of children born in a nation. The Adam Smith Institute, based in London, has released a new report describing one such consequence due, in part, to central planning and overregulation. The British housing crisis has inadvertently discouraged women from having 157,000 children, its report finds. Young couples in the UK increasingly struggle to afford...
Human machines & the nature of man
On Tuesday, Newsweek published an article relating how the U.S. Defense Advanced Research Projects Agency (DARPA) allocated $65 million to develop brain implants “to link human brains puters.” Neuro-technology has been a priority of the U.S. Military since the launch of the Neural Engineering System Design (NESD) program in January 2016. Their goal is to “[develop] an implantable system able to provide munication between the brain and the digital world.” In other words, the U.S. Military wants to make better...
Bonicelli: France’s Emmanuel Macron wrong about Africa’s ‘demographic’ problem
Paul Bonicelli, director of programs and education at the Acton Institute, published an article onFrench President Emmanuel Macron controversial response to the question:“Why isn’t there a Marshall Plan for Africa?” at the recent G20 summit. Though Macron rightly rejected parison between the needs of Africa and post-war Europe, he failed by making a cultural argument about the amount of children born to African women. ments: Much of Africa has never enjoyed home-grown democratic institutions launched from a culture that can...
Can Christ and Burke solve the ‘European intifada’?
As Donald Trump stood alongside Emmanuel Macron at a parade on Friday, memorated more thanBastille Day. The presidents of the U.S. and France burst into applause as a marching band paid tribute to the 86victims of last July 14th’sNice terrorist attack. The ever-growing string of terrorist “incidents” gained momentum with the murders at a Jewish school in Toulouse in 2012. But the situation, which one Israeli official dubbed the “European intifada,” broke into public consciousness following the 2015Charlie Hebdoattack. A...
Arvo Pärt on the economy of wonder
Our society has grown increasingly transactional in its ways of thinking, whether about family, business, education, or politics. Everything we spend, steward, or invest — our money, time, and relationships — must somehow secure an immediate personal return or reward, lest it be cast aside as “wasteful.” As an overarching philosophy of life, such an approach fails not due only due to its narrow individualism, but also to its cramped obsession with scarcity, standing in stark contrast with the lavish...
Made on the sixth; made for the seventh
In his Acton University lecture titled “Creation and the Image of God,” Scott Hahn began with the assertion that we often ask the wrong questions about the creation story in Genesis. Instead of focusing on scientific questions of exactly when God created and how, we should be asking what God created and why. These are questions of theological anthropology, i.e. the understanding of God that is necessary for the understanding of man. Hahn uses biblical theology in order to answer...
Building the moral imagination
“How many people know how to ride a bicycle? How many people can explain how a bicycle works?” asked Michael Miller, research fellow at the Acton Institute, during his lecture on “Moral Imagination” at Acton University. Knowing how to ride a bicycle, yet not being able to explain its exact mechanics, is just one example Miller gives to explain “inarticulate rationality.” This concept, developed by the 20th century polymath Michael Polanyi, recognizes that there are things people ought to do,...
What do Americans mean by “socialism”?
Campus Reform, a project of the Leadership Institute,recently interviewed students in Washington, D.C. to get their opinions on socialism. Not surprisingly, most of them were all for it. And also not surprisingly, most of them could not explain what they mean by socialism. While it’s tempting to mock these students for supporting an economic system they can’t define, I’m not sure those of us on the right side of the political spectrum can do any better. I remember hearing that...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved