Recently, The Holy and Great Council of the Orthodox Church was held in Crete, culminating in a document titled “The Mission of the Orthodox Church in Today’s World”. In the most recent Acton Commentary, research fellow and managing editor of the Journal of Markets & Morality Dylan Pahman comments on the flaws in economic principles and guidelines espoused in the document.
In framing the criticism, Pahman argues that “the statement’s economic pronouncements range from ambiguous and questionable to both wrong and harmful.” Says Pahman:
While claiming that the “Church cannot remain indifferent to the economic processes which have a negative impact on all humanity,” the mission document gives little indication that its authors are aware of any actual, basic economic processes like competition, the price system, business cycles, creative destruction, inflation, and so on. Instead, it ambiguously asserts the “need … of structuring the economy on moral principles.”