Zenit published my article on the pope’s new social encyclical:

Encyclical Offers Opportunity to “Think With the Church”

By Jennifer Roback Morse

SAN MARCOS, California, JULY 17, 2009 (Zenit.org).- Benedict XVI’s “Caritas in Veritate” is his contribution to the course of Catholic social teaching.

Many commentators seem to read this document as if it were a think-tank white paper, and ask whether the Pope endorses their particular policy preferences. I must say that I surprised myself by not reflexively reading it in this way. After all, I spent many years teaching free-market economics.

I distinctly remember reading “Centesimus Annus” for the first time, and mentally checking to see if I agreed with it.

But this is not the correct way to read papal documents. The papacy’s prophetic role is to interpret the past, and provide guidance for the future, while avoiding the excesses of its own time.

In “Caritas in Veritate,” Benedict XVI argues for the centrality of moral considerations in both economics and politics. Without charity and truth, we cannot create a truly decent society, no matter how sophisticated our technology or how thorough-going our democracy.

Benedict XVI stresses the centrality of the social, cultural sphere for several reasons.

First, neither the economic nor the political spheres can function entirely on their own. Both the economic and the political sectors need to be peopled with individuals who have well-formed consciences. Therefore, economics and politics rely upon the Church, the family, and other social structures that shape the conscience.

Second, the cultural sphere needs its own defense. Both the economic and the political sectors have plenty of ideological defenders. The libertarian right seems to believe that the market can manage all of society. The socialist left seems to think that the government can solve every problem and wipe away every tear.

Extremists on both sides fail to respect culture’s distinctive role. Read more on Primacy of Culture in Caritas in Veritate…

Kishore Jayabalan, director of Istituto Acton (the Acton Institute’s Rome office), was interviewed by Vatican Radio concerning the authentic human development concerns of the whole person, which is a topic discussed in Caritas in Veritate. Jayabalan discussed how development schemes throughout the world should look at the aspirations of each individual person.  Furthermore, in Caritas in Veritate there is a mention of a “breathing space” used a few times in the encyclical.  This breathing space aspect means developing a vibrant and diverse society and not allowing central planning to decide every aspect of a person’s life; it is also important to place the individual at the center of the development.

Read more on Caritas in Veritate: Jayabalan and Gregg Radio Interviews…

Commenting on how Pope Benedict XVI addressed the economic crisis and development challenges in “Caritas in Veritate” is Lord Brian Griffiths of Fforestfach, a member of the British House of Lords and Vice-Chairman of Goldman Sachs International. He has served in an advisory capacity to the Acton Institute and delivered published papers on globalization and Third World development at the Institute’s international conferences.

Click here for the original article appearing in The Times.

July 13, 2009
The Times

Pope Benedict is the man on the money

The best analysis yet of the global economic crisis tells how people, not just rules, must change.

By Brian Griffiths

When Cardinal Ratzinger was elected Pope, his strengths and weaknesses seemed clear. Here was an eminent theologian, philosopher and guardian of Christian truth, but a man unlikely to make the Church’s message relevant to the world today. How simplistic this now looks in the light of his third encyclical, in which Pope Benedict XVI confronts head-on the financial crisis that has rocked the world.

The language may be dense, but the message is sufficiently rewarding. The encyclical analyses modern capitalism from an ethical and spiritual perspective as well as a technical one. As a result it makes the Government’s White Paper on financial reforms published two days later look embarrassingly one-dimensional and colourless.

It is highly critical of today’s global economy but always positive. Its major concern is how to promote human development in the context of justice and the common good. Despite heavy competition from some of the world’s finest minds, it is without doubt the most articulate, comprehensive and thoughtful response to the financial crisis that has yet appeared. It should strike a chord with all who wish to see modern capitalism serving broader human ends.

The Pope makes it clear that the encyclical takes its inspiration from Populorum Progressio, the encyclical published by Paul VI in 1967, at the height of anti-capitalism in Europe. It attacked liberal capitalism, was ambivalent about economic growth, recommended expropriation of landed estates if poorly used and enthused about economic planning. Read more on Lord Griffiths on Caritas in Veritate: Pope is the man on the money…

In his commentary, “The Pope, the Rabbi, and the Moral Economy,” Samuel Gregg compares recent statements by Britain’s Chief Rabbi, Lord Jonathan Sacks, and Pope Benedict XVI, on the market economy and other social questions. “Benedict and Sacks rigorously deny that markets are intrinsically flawed,” Gregg writes. “Each also maintains that there are fundamental limits to state power. They do, however, insist that morality’s ultimate sources come from neither state nor market.”

Read more on Acton Commentary: The Pope, the Rabbi, and the Moral Economy…

I recently spoke with journalist Antonio Gaspari of the the Zenit news agency about Caritas in Veritate. Here’s the interview that Zenit published:

Kishore Jayabalan: Development Involves “Breathing Space”

ROME, JULY 10, 2009 (Zenit.org).- An Acton Institute director is explaining the importance of “Caritas in Veritate” for India and China, and is pointing out the innovative ideas of Benedict XVI’s latest encyclical.

Kishore Jayabalan is the director of the Acton Institute’s Rome office. He is a former analyst for the Pontifical Council for Justice and Peace, where he dealt with environmental and disarmament issues and served as a desk officer for English-speaking countries.

In this interview with ZENIT, he spoke about Benedict XVI’s latest encyclical, which was released to the public Tuesday.

ZENIT: What is your overall opinion of the encyclical “Caritas in Veritate?”

Jayabalan: My very first reaction was that it is long and not an easy document to read quickly and summarize. But as I have been reading and re-reading it, I am starting to appreciate its vast scope and significance.

The moral and ethical basis for the market economy is very often neglected.

Even its supporters tend to make utilitarian arguments in favor of the market, while opponents tend to blame the free exchange of goods and services for all kinds of cultural phenomena which have little to do with economics itself.

When things are going well and everyone is making money, no one wants to hear about greed and materialism. But once the bubble bursts, everyone seems to become a moralist and a prophet with amazing hindsight.

This is what Benedict has referred to in other places as “cheap moralism,” one which takes no account of the technical workings of the economy but reminds us of the need to make ethics more integral to our everyday lives. So in this encyclical, the pope realizes it makes no sense to issue condemnations that a child can make. Read more on Why Caritas in Veritate Is Important For India and China…

At the time of his election in April 2005, Pope Benedict XVI was widely perceived to be a “conservative” in our modern political parlance. It should not surprise, then, that many commentators have expressed either shock or joy, depending on their own affiliations, with last Tuesday’s publication of his encyclical letter Caritas in Veritate (Charity in Truth), the first extended statement on social and economic issues of his pontificate.

Conservatives are dismayed by his calls for increased foreign aid, the redistribution of wealth, and a United Nations with “real teeth”. Liberals are wondering why the pope had to ruin such lovely sentiments by bringing up the evils of abortion, euthanasia, and birth control. Prominent voices on both sides think the pope is hopelessly naïve and unrealistic. Reading Charity in Truth for partisan purposes can yield moments of agony and ecstasy for left and right alike.

Neither side, however, seems ready to take Benedict’s theology – his own field of expertise – seriously. Part of this is a result of our habitual, liberal democratic tendency to separate Church and State and not let theological arguments influence our politics. This tendency invariably blinds us to the pope’s combination of respect for life with the demands of social justice.

Such a synthesis is not easy nor is it likely to satisfy partisans. It’s hard enough to imagine an international authority that can command universal support – not even the pope has that within his own Church. In many ways our current systems of democratic governance are more modest because they do not assume any such unanimity, theological or otherwise. But the real question is whether a society built solely on competing interests will ultimately be worth the trouble. Will it reflect Benedict’s insistent demands for human dignity? Experience keeps telling us something more is clearly needed.

Our political categories of left and right originate from the French Revolution, which infamously saw the Catholic Church as its great enemy. Which makes it all the more remarkable that the modern social teachings of the papacy may provide the soundest moral defense of liberté, égalité et fraternité in today’s world. Read more on Caritas in Veritate: Benedict’s (non-partisan) Truth…

Andrew Abela, 2009 Novak Award recipient from the Acton Institute, offered a business perspective on Pope Benedict XVI’s new social encyclical, Caritas in Veritate, to the Catholic news service Zenit.  In the interview, Abela talked about ways the encyclical could point the way out of the global financial crisis:

Read more on Zenit: Abela on Caritas in Veritate…

Katherine Jean Lopez of National Review Online interviewed me about the new papal encyclical, Caritas in Veritate, shortly after its release this morning here in Rome:

LOPEZ: Obviously the topic of ethics and the economy resonates with people today. What can a Catholic take away from the new encyclical when it comes to his lost job, the stimulus, or government takeovers?

Read more on NRO: The Truths in Caritas in Veritate…

A recent NBER working paper, “Internationalization of U.S. Doctorate Education,” takes a look at trends in doctoral degrees awarded by American institutions in the physical sciences, engineering, and economics.

From the abstract, “The representation of a large number of students born outside the United States among the ranks of doctorate recipients from U.S. universities is one of the most significant transformations in U.S. graduate education and the international market for highly-trained workers in science and engineering in the last quarter century.”

Read more on U.S. Doctoral Degree Prestige in Science, Engineering, Economics…

Pope Benedict XVI’s much anticipated economics encyclical, Caritas in Veritate, is scheduled to be released early next week, according reports. For a good sense of this pope’s thinking on economics, we offer an article the then-Joseph Cardinal Ratzinger presented in 1985 at a symposium in Rome.  The Acton Institute published it under the title “Market Economy and Ethics.”  As indicated by the following quote, the pope believed in integrating morals into economics in order to have sound and successful economic policy:

Read more on Preview: Pope Benedict XVI on the Market Economy and Ethics…