Home
/
RELIGION & LIBERTY ONLINE
/
When Economic Moralism Clashes with Reality
When Economic Moralism Clashes with Reality
Aug 8, 2026 1:01 PM

With the November 26 publication of Pope Francis’s apostolic exhortation Evangelii Gaudium, we have the first teaching document that is truly his own. And it very much shows, both in style and pared to the encyclical Lumen Fidei, which was mostly written by Pope Benedict XVI. Evangelii Gaudium is full of the home-spun expressions of faith that have made Francis the most popular public figure on the planet, and the exhortation is certain to succeed in challenging all of us to live in more passionate, and self-giving ways. It has also provided some much-needed clarification of the Pope’s previous statements on abortion and marriage that had a few wondering, with only slight exaggeration, whether the Pope was actually Catholic.

By now it is obvious that, in his words and deeds, Pope Francis has a remarkable ability to speak to the heart of mon man, someone who may not know much about or regularly practice his faith but wants to be on good terms with God and other people. It is equally obvious that Francis has made the “new evangelization,” i.e. bringing back fallen-away or secularized Catholics, central to his pontificate. By making the proclamation of the Good News of Jesus his number one priority, the Holy Father is fulfilling his God-given mandate to feed Christ’s sheep. Like nearly everyone else who has been closely watching him in action, I have been moved and inspired to live my faith more intensely, all the while recognizing the inadequacy of my efforts if it weren’t for God’s grace and untiring mercy.

How can we account for Francis’s popularity? Some in the media sense possible changes in Church teaching on all kinds of (mostly sexual) matters, but I think there’s more to it. Pope Benedict’s intellectual approach to explaining Christianity has been followed by Pope monsensical one. Each undoubtedly has its strengths and weaknesses and will carry greater appeal to different sorts of people. It may not be certain how the Holy Spirit selects and inspires any particular pontiff, but one can hazard a guess and say Francis’s style and tone may be exactly what the Church needs at this moment in history.

There are instances, however, when a more considered understanding of technical matters would be preferable; the exhortation’s tirades against the market economy are one. My Acton colleague Sam Gregg does an excellent job of refuting some of the facile and plainly false accusations made against global capitalism in the document, but these words of the Pope in particular grabbed my attention:

[S]ome people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting. To sustain a lifestyle which excludes others, or to sustain enthusiasm for that selfish ideal, a globalization of indifference has developed. Almost without being aware of it, we end up being incapable of passion at the outcry of the poor, weeping for other people’s pain, and feeling a need to help them, as though all this were someone else’s responsibility and not our own. The culture of prosperity deadens us; we are thrilled if the market offers us something new to purchase; and in the meantime all those lives stunted for lack of opportunity seem a mere spectacle; they fail to move us.(n. 54)

What do we at Acton make of this? No one I know at Acton thinks economic growth inevitably brings greater justice and inclusiveness. Nor do any of us trust in the goodness of those with economic power or “sacralize” the workings of the market. We do recognize merce brings all kinds of people together in “networks of knowledge and munication” (Centesimus Annus, n. 33) and that such networks promote rather than hinder interdependence and solidarity. As Francis himself notes, marginalization is the biggest threat to the poor and the global economy is one way of bringing them into the fold. This is central theme in the PovertyCure DVD series which Acton recently presented to Pope Francis.

It is additionally difficult to attribute a “globalization of indifference” to the market economy. How many people in America give money and time to the poor and those suffering from natural disasters such as the typhoon in the Philippines? Doesn’t it take great amounts of wealth to be so generous and doesn’t this argue against the Pope’s description? If anything, globalization has made us more aware of and therefore passionate towards the sufferings of others, at pared to previous times when our scope passion would have extended only to those closest to and most like us, as Clifford Orwin has written. How many NGOs vie for our attention to help the less fortunate (which is not limited to humans)? Isn’t this also due to globalization? Has this expansion passion been a net gain or loss for humanity?

The Pope is right to call leaders to task for their responsibility to the poor, but it is unclear why his critiques of welfare (n. 202 and n. 204) do not apply to politicians rather than bankers. It’s also hard to square Francis’s extreme statements on the socioeconomic system (“unjust at its root” n. 59) and money (n. 55) while also praising the “noble vocation” of business (n. 203). What indeed is so noble about business if it takes place in such an unjust setting? How much equality is required in a free society and how much prosperity is “deadening”? No one really knows.

Several years of working in the Holy See and living in Rome have made it evident to me that many Western European and Latin American bishops, priests and religious have a much more negative view of the market economy than their counterparts in the rest of the world. Western Europe and Latin America are also home to increasing government regulation and increasing secularization, confirming Tocqueville’s fears about the patibility of the spirit of religion and the spirit of liberty outside of America. I hope, for the rest of the world’s sake and especially the poor, that this need not be the case. If inclusion is the goal, we need more reflection on how wealth creation takes place and what it takes to allow the poor to succeed, while allowing for the sane redistribution of wealth the Pope calls for to those who cannot help themselves.

It should be noted that Francis’s predecessors also criticized the idolatry of material progress brought about by the expansion of freedom, i.e. when it is panied by a lack of ethics and concern for human dignity. In this regard, Francis said nothing new, but he has said it more broadly and stridently. Religious and moral leaders are supposed to call us to account for neglecting the spiritual side of life and those whom progress had left behind. Yet these leaders also need to appreciate the new opportunities progress gives us to live a more humane, dignified life, especially for those of us who would have been traditionally excluded from it in other times and places. It’s no small achievement to lift billions of people out of absolute poverty in the last three decades, as has happened in China and India.

As I’ve written before, much of what the Pope says is akin to an economic examination of conscience. This current exhortation goes beyond that, however, and would have been more in tune with economic reality if he heeded then-Cardinal Ratzinger’s warnings about moralism in his 1985 talk on “Church and Economy in Dialogue.” Here is the concluding paragraph:

These realms [private Christian belief and public business conduct] e to appear mutually exclusive in the modern context of the separation of the subjective and objective realms. But the whole point is precisely that they should meet, preserving their own integrity and yet inseparable. It is ing an increasingly obvious fact of economic history that the development of economic systems which concentrate on mon good depends on a determinate ethical system, which in turn can be born and sustained only by strong religious convictions. Conversely, it has also e obvious that the decline of such discipline can actually cause the laws of the market to collapse. An economic policy that is ordered not only to the good of the group — indeed, not only to mon good of a determinate state — but to mon good of the family of man demands a maximum of ethical discipline and thus a maximum of religious strength. The political formation of a will that employs the inherent economic laws towards this goal appears, in spite of all humanitarian protestations, almost impossible today. It can only be realized if new ethical powers pletely set free. A morality that believes itself able to dispense with the technical knowledge of economic laws is not morality but moralism. As such it is the antithesis of morality. A scientific approach that believes itself capable of managing without an ethos misunderstands the reality of man. Therefore it is not scientific. Today we need a maximum of specialized economic understanding, but also a maximum of ethos so that specialized economic understanding may enter the service of the right goals. Only in this way will its knowledge be both politically practicable and socially tolerable.

Taking the technical knowledge of economics seriously means giving economic freedom and the desire to better one’s condition their due and not reducing them to the “absolute autonomy” of markets and finance. (A good place to start would be these lectures on human capital by Nobel Laureate Gary Becker, referred to me by Luanne Zurlo, a speaker we recently hosted and who has extensive experience on Wall Street and in Latin America.) Moral leaders need to show awareness of the necessities and workings of the human endeavor they are critiquing if they hope to have any influence among those responsible for making decisions, which in a market economy means billions of people making billions of choices each and every day.

Evangelii Gaudium is making headlines for laying out Francis’s roadmap for his pontificate, but I’m not so sure that’s what it is. Firstly, as a post-synodal exhortation, it covers the many, often disparate topics the Synod participants discussed. Secondly, the exhortation seems to be mainly a collection and expansion on themes that Francis has already discussed on different occasions and has been published before the conclusion of the various consultations on the reforms of the Church and the Holy See. Finally, and perhaps most notable, Pope Francis has already shown an ability to re-consider and re-formulate previous statements that may have created confusion and even consternation among the faithful. Far from dismissing their concerns, he has taken a paternal, generous approach to all his spiritual children. For those of us involved in the teaching of economics to the religious-minded, we hope that these types of humble corrections have not ended with Evangelii Gaudium.

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
Corruption and lack of transparency in Rome
The recent “Vatileaks” scandal is almost entirely an Italian problem, according to Kishore Jayabalan, director of Istituto Acton. In a recent article for The Stream, Jayabalan describes his own experience moving to Italy and dealing with some of the corruption and problems he immediately faced, and how this culture ultimately caused the Vatileaks controversy: When I first moved [to Italy] to work for the Vatican, my boss told me the hardest part of the transfer would be finding a place...
Greens Go After ExxonMobil for Expressing Opinions on Climate Change
Environmental activists representing some 50 seemingly disparate groups are calling on U.S. Attorney General Loretta Lynch to conduct a criminal investigation of ExxonMobil for allegedly misleading the public on climate change. Boy howdy, when a representative from The Foundation of Women in Hip Hop aligns her agenda with Green America, the Natural Resources Defense Council and a whole bunch of clergy and religious you can bet the farm there’s an open-and-shut federal case against pany foolish enough to stand in...
Sisters of St. Dominic Rap ExxonMobil’s Knuckles
Religious shareholder activists egging on a federal investigation of ExxonMobil include the Tri-State Coalition for Responsible Investment, which counts the Sisters of St. Dominic of Caldwell, New Jersey, among its faith-based members. The narrative promulgated by the activists is that the energy giant conducted climate-change research and buried the results when the data inconveniently proved burning fossil fuels was a major contributor. All this might be a tempest in a teapot if not for Sen. Sheldon Whitehouse (D-RI) pressing U.S....
Beyond Humanitarianism: Michael Mattheson Miller on the Goal of Human Flourishing
In a recent episode of EconTalk, Russell Roberts chats with Acton Institute’s Michael Mattheson Miller about Poverty, Inc., the award-winning documentary on the challenges of poverty alleviation in the developing world. The entireconversation is rich and varied, ranging from the ill effects of Western do-gooderism to the dignity of work to the need for institutions of justice. You can listen to the whole thing below: Later in the episode, Miller discusses the need for us to reach beyond mere humanitarianism...
Ben Carson is Right: Minimum Wage Laws Hurt Black Workers
In last night’s GOP presidential candidate debate, Dr. Ben Carson was asked if he would raise the federal minimum wage. Carson said that he would not do so because the minimum wage hurts workers, especially those in the munity: People need to be educated on the minimum wage. Every time we raise the minimum wage, the number of jobless people increases. This is particularly a problem in the munity. Only 19.8 percent of black teenagers have a job. Or are...
Asking the Right Question about Poverty
Writing for a special New York Times section on giving, Alina Tugend looks at the knotty problem of how best to help those in need. She digs into things like the economics behind food pantries and how relief donations to those devastated by natural disasters often wind up making things worse. For her story, Tugend interviewed Michael Matheson Miller, Acton research fellow and producer of the new documentary Poverty Inc. “Look seriously into yourself,” said Michael Matheson Miller, director and...
3 questions to counter arguments from the economic left
Overthe past few decades, economist Thomas Sowell has been one of the most effective, yet under-appreciated, proponents of conservative and libertarian economic thought. He is also one of our most powerful critics of the often destructive and harmful effects of liberal economic policies. Sowell frames the differences between the left and the right as a “conflict of visions”, a political divide separated by “constrained” and “unconstrained” visions. As Wikipedia helpfully summarizes this view: The Unconstrained Vision — Sowell argues that...
Gertrude Himmelfarb ‘Threads the Needle’ on Lord Acton Biography
Biographers suffer from a myriad of temptations. Gertrude Himmelfarb, in her bibliography to the newly republished Lord Acton: A Study in Conscience and Politics, recalls how Acton’s first biographer, Ulrich Noack struggled mightily to reconcile contradictions and tensions in Acton’s thought and in doing so lost much of the man himself. Later, Monsignor David Mathew succumbed to the opposite temptation of frequently digressing into trivialities and going off on tangents and as a result losing Acton in the great sea...
How to Solve the ‘Welders vs. Philosophers’ Debate, the Crisis in Underemployment, and the Student Loan Debt Problem of Liberal Arts Majors
A most unlikely debate has erupted over Marco ment in last night’s debate that welders earn more money that philosophers. It’s a strange controversy since, as Steven Wedgeworth said on Twitter, “There can’t really be this many philosophy majors.” He’s right, of course. But the debate isn’t really about which profession makes more money (at least I don’t think it is). It seems to be more a defense of the liberal arts in general. What is peculiar is that philosophy...
Video: Kishore Jayabalan on Reforming the Roman Curia
The Roman Curia faces more scrutiny after the release of two new books in Italy based on leaked documents from the Vatican that appear to reveal inappropriate use of church funds. France 24 turned to Kishore Jayabalan, director of Istituto Acton in Rome, for his analysis of the situation. Below, we’ve posted a portion of his appearance on France 24; the full panel discussion took up most of a broadcast hour. The full exchange is available on France 24’s website...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved