Papal encyclicals – Page 3 – Religion & Liberty Online

February 12, 2013

Pope Benedict: The Capitalist System is Virtuous

Reflecting on the pontificate of Pope Benedict XVI, Philip Booth, professor at Cass Business School in London, says the pope was clear on his economic ideas. As he said in Caritas in Veritate: “Economy and finance, as instruments, can be used badly when those at the helm are motivated by purely selfish ends. Continue Reading...

December 11, 2012

Big Gains for the Union Liberation Movement

The Michigan legislature passed right-to-work legislation today, a landmark event that promises to accelerate the state’s rebound from the near-collapse it suffered in the deep recession of 2008. The bills are now headed to Gov. Continue Reading...

November 14, 2012

Acton Institute responds to National Catholic Reporter article on bishops’ economic statement

Here is the comment posted this this morning on the National Catholic Reporter article titled, “Statement on economy denounced by archbishop fails to pass.” Full statement follows: An important clarification. Archbishop Fiorenza’s assertion that the Acton Institute views Rerum Novarum as “no longer applicable today” is incorrect. Continue Reading...

August 23, 2012

Small-town Paul Ryan: Defender of Subsidiarity

As I leafed through this week’s Wall Street Journal Europe political commentary, I finally felt a little redemption. Hats off to WSJ writers Peter Nicholas and Mark Peter whose brief, but poignant August 20 article “Ryan’s Catholic Roots Reach Deep” shed light on vice presidential candidate Paul Ryan’s value system. Continue Reading...

November 14, 2011

Benedict XVI: Giving of Talent and Resources in Crisis Economy

Pope Benedict XVI delivered inspiring remarks at the European Year of Volunteering (EYV) summit held in Rome this past Nov. 10-11. He explained why gratuitous giving of personal talent and resources is so important in restoring a healthy vocational perspective to everyday business. Continue Reading...

November 08, 2011

BREAKING: Center for American Progress Takes Moral High Ground

The Center for American Progress (CAP) has boldly rebutted the arguments of our own Kishore Jayabalan, director of Istituto Acton, concerning the Vatican’s note on a “central world bank.” It has done so by showing him to be lacking in “respect for the inherent dignity of human life.” Continue Reading...

October 24, 2011

Vatican Releases Note on Global Financial Reform

This morning the Pontifical Council for Justice and Peace issued a bold statement advising how to bring order to the global financial crisis. I was in attendance at the much anticipated press conference that was organized to debrief reporters on the statement’s content. Continue Reading...

September 06, 2011

Jumping the Shark: Hoffa’s Rant and Rerum Novarum

James Hoffa put on quite a performance this weekend—first on CNN’s “State of the Union,” and then in Detroit at a Labor rally with President Obama. Also this weekend, President Biden revealed that the White House seems to have given up and decided America is already a “house divided,” with “barbarians at the gate” in the form of the Tea Party. Continue Reading...

August 18, 2011

World Youth Day: Pope talks profits and people

On his flight to World Youth Day in Madrid this morning, Pope Benedict XVI responded to a question about the current economic crisis. Not sure what the question was, but the well-respected Italian Vatican analyst Andrea Tornielli captured the reply. Continue Reading...

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