Category: Oeconomicae et pecuniariae quaestiones

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Work Is for Man: A Deeper Look at the CDF’s Quaestiones

The Congregation for the Doctrine of the Faith recently published in English a wonderful summary of Catholic teaching on markets and money. Oeconomicae et pecuniariae quaestiones discusses broad principles and then applies them to specific situations, including the most recent financial crisis, the LIBOR rigging scandal, and the abuse of derivatives. One development that lacks explicit mention, however, is Universal Basic Income (UBI). The reason for this may be that UBI is more of a...

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Thoughts On The Vatican’s New Document On Economic And Financial Issues

Last week, the Vatican released a new magisterial (= authoritative teaching) document about “economic and financial issues” (Oeconomicae et pecuniariae quaestiones, the opening words and thus title). Co-signed by the Congregation for the Doctrine of the Faith and the office for “Integral Human Development” (Vaticanese for social justice), it is a synthesis of the teachings of the bishop of Rome, Pope Francis, on this topic. It is “offered to all men and women of good...