Pope Francis has described himself as having an “a great allergy to economic things,” admitting that he doesn’t understand it very well. Does this “allergy” cause him to miss the good that the market economy has done and can continue to do for the world’s poor?
Acton Institute Director of Research Samuel Gregg examined that question today with host Hoppy Kercheval on Talkline on the West Virginia MetroNews radio network. Gregg discusses the impact that the market economy has had in cutting poverty rates worldwide in recent decades, and looks at the Pope’s statements on the market in light of his experience of a corrupt market economy in Argentina. You can listen to the interview via the audio player below.
In Tea Party Catholic, Samuel Gregg draws upon Catholic teaching, natural law theory, and the thought of the only Catholic Signer of America's Declaration of Independence, Charles Carroll of Carrollton—the first “Tea Party Catholic”—to develop a Catholic case for the values and institutions associated with the free economy, limited government, and America's experiment in ordered liberty. Beginning with the nature of freedom and human flourishing, Gregg underscores the moral and economic benefits of business and markets as well as the welfare state's problems. Gregg then addresses several related issues that divide Catholics in America. These include the demands of social justice, the role of unions, immigration, poverty, and the relationship between secularism and big government.