"Where did Pope John Paul II stand on economic issues? The same place he stood on all other issues involving the well-being of the human person. He favored the rights and dignity of all people, their freedom to work and create, an environment of society that permits the flourishing of families and communities of faith. He had faith in freedom and no love for the grand secular faith in the state. Thus did this pope understand something that a surprising number of pundits and intellectuals have yet to fully understand, namely that human dignity implies non-socialist political and economic structures, which are commonly known as the business economy."
". . . for almost a century the basic principles on which this civilization was built have been falling into increasing disregard and oblivion." -- Hayek
Thursday, April 07, 2005
Papal Economics 101
Robert Sirico has an interesting essay in today's National Review Online.
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