Home
/
RELIGION & LIBERTY ONLINE
/
Interview: Economics and the Reality of Things
Interview: Economics and the Reality of Things
Mar 28, 2026 11:55 AM

A while back, Bevan Sabo and Ariel Goldring at Free Market Mojo interviewed me on a wide range of subjects. They’ve kindly granted us permission to post some excerpts:

FMM: Capitalism requires a large degree of selfishness. Though there is certainly room for charity in a free-market system, individuals and firms must pursue their own selfish interests in order for an economy to thrive (or even succeed). How does a Christian love his neighbor as himself and still function as a capitalist?

Father Sirico: I do not share the use of the word selfishness in the way that it is employed in this question. A proper self regard is based on the belief in my own inherent dignity and this requires “self love” but not an inordinate self-love or self-preoccupation which is willing to subordinate others to my own ends, either coercively or in a manipulative manner which disregards the same dignity of others. The word selfishness as it is used mon parlance does not reference rational self-interest but rather a self preoccupation and disordered priority.

From a Christian anthropological point of view the human person (who is much more than “the individual”) is bination of his individuality and his sociality, his autonomy and relationships. From the first moment of our existence we are simultaneously autonomous (in that we are genetically distinct from our mothers), yet in relation to her while in the womb. The whole of our existence following is a working out of this interplay of our autonomy and our social nature. A Christian’s love for his neighbor is rooted in solidarity which is the recognition of a profound connection between human beings. It is, in a sense, a recognition of myself in the other. Because all human beings share an intrinsic dignity we ‘love our neighbors as we love ourselves’. Capitalism, which is only the economic extension of this anthropological truth, can be lived out from this perspective, but in order to be secure, just, and enduring, it needs to rooted in the historical development of such an anthropology.

FMM: In July of last year, the Guardian reported on Pope Benedict XVI’s third encyclical, entitled Charity in Truth. For me, the following is a particularly disturbing paragraph from the article:

The pope today called for a “profoundly new way” of organising global finance and business, calling for a new social and ethical dimension to capitalism and arguing the case for a new world political authority to help champion mon good”.

The idea of the mon good” goes against the spirit of individualism that is an essential part of capitalism and any proper government. Can you discuss Charity in Truth, particularly, its ramifications for those who consider themselves both Christians and capitalists?

Father Sirico: If one is going to really understand papal encyclicals one must understand the tradition and theological milieu from which they emerge and attend to the precise definitions that are given to various specific phrases or concepts. In the case of the latest encyclical Caritas in Veritate many have asked questions about what the pope was addressing when he called for a “New World political authority”. I very much doubt your readers want from me a full exegesis of this section of the encyclical, but let me summarize by saying that this phrase is used in context with the references to subsidiarity elsewhere in the encyclical (e.g., no. 57) which is therein described as “the most effective antidote to any form of passing welfare state.”

Thus it is explicitly NOT the pope’s intention to be calling for some kind if ‘super state’, but rather for a global solidarity and authority “which cannot be imposed by force” (cf., Mater et Magistra, no. 130). The encyclical also cites a number of other references it is drawing upon, all of which are noted in the critical apparatus of the encyclical itself and all of which repudiate any kind of ‘super global state’.

The mon good” in Catholic understanding does not justify collectivism; it is in fact an antidote to it. Rather than some kind of claim mon ownership to goods, it is seen as the overall conditions in which the human person can best flourish – that is, the total set of circumstances for the betterment of humanity, kind of like benchmarks. This definition includes the freedom of the human person and other elements I addressed previously.

Part of the problem with the Randian understanding of the human person is that it is an abstraction of man and thinks of him as a being who somehow just sprung into existence “out of the mind of Zeus” as it were, i.e., it ignores the fact that e from people, they inherit a language and a culture among other things. This abstraction makes it difficult for the strict Randian to account for social necessities like culture, prudence, children (and the ‘irrational’ demands they make on parents) and charity, other than my observing something to the effect, “well, if people want to do that it is there business”. I do not think that to be a substantive answer to these critical realities.

FMM: A few months back, Free Market Mojo had the opportunity to interview Dr. Yaron Brook, president of the Ayn Rand Institute. Ayn Rand was very opposed to faith, believing that man should live by reason alone. We asked Dr. Brook if it was possible for a person of faith to live by the three principle values of John Galt: reason, purpose, and self-esteem. Here is Dr. Brook’s reply:

To the extent someone follows a policy of faith—of believing in some supernatural being for which there is no evidence and whose alleged powers contradict everything we know about science—he is doing the opposite of living by reason.

As a person of faith, I would very much like to give you the opportunity to respond to this line of thinking.

Father Sirico: The question of epistemology is a broad plex one and this response must, by its nature be brief:

The mind employs reason to apprehend the truth of those things immediately available to our senses and in so doing one presumes the reliability of the mind. A first question might be to ask, how does one know the mind itself is reliable? And how does one account for that part of reality not available to the senses? This is where the evidence for transcendence enters the picture.

It is my contention that we know the mind to be a reliable tool of cognition because the mind itself is designed by Intelligence. As Pope Benedict puts it, “Reason cannot emerge from non-reason.” I find it difficult to understand how people can believe that Mind e from non-mind or that persons can emerge from non-persons and still argue for the reliability of the mind or the dignity and rights of human persons. To say that the mind is simply the result of a series of chance amalgamation of matter does not demonstrate the reliability of the mind.

We apprehend the reality of things by reason, to be sure, but if this notion of epistemology descends into ‘scientism’ it es an ideology, and an approach that was criticized by F. A. Hayek in The Counter Revolution of Science and refuted by Michael Polyani in Personal Knowledge. Empiricism may give us data, but it does not give us meaning.

We also apprehend reality of things through faith, intuition, aesthetics, tradition and the like. All of these need balance, correctives, boundaries and proper definitions, but not to employ them properly or to deny their importance leaves us with a rigid and limited mode of knowing. There is a logical problem in asserting that reason can account for all of reality and at the same time say that because transcendence is beyond normative observation by the senses, it does not exist.

In a certain sense we all have faith, for example in our belief that the sun e up tomorrow, even though we do not have direct evidence for it observable to our senses; yet we order our lives according to his faith. A man has faith in the fidelity of his wife (even though this may be mistaken; faith need not be infallible to be reliable anymore than reason). These are beliefs based on certain indications of reliability. To say that to define faith as a belief in that for which no evidence exists is not a Christian definition of what faith is. The New Testament defines faith as “the assurance of things hoped for, the evidence of things not seen”. (Hebrews 13:1)

The state has a limited responsibility with regard to keeping its members from harming themselves. The discernment of what the boundaries of those things are has to be sorted out based on the principles both of truth and of human dignity. To say for instance that man has the right to obliterate his mind through the abuse of drugs and/or alcohol does not itself address the question of that man’s freely undertaken responsibilities toward his family for instance. In the Summa St. Thomas Aquinas certainly makes a distinction between the prescripts of the natural law and the implementation of those prescripts in the form of positive law. And I think that it is very wise for the legislature to be extremely modest in what it attempts to prescribe both because it is impossible merely by law to make men moral, but also we must remember that the legislator himself is a flawed human being and to place in the hands of politicians and bureaucrats the responsibility to make other people’s lives moral is a very precarious endeavor. So in general I would say that we should allow for the maximum amount of liberty as is consistent with the general stability and good of society and be prepared to engage the prudential discussions about when and where and how under what circumstances of e liberties or restrictions should be implemented.

Read more on Free Market Mojo.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
The immorality of tariffs
The benefits of free trade are vast, and enjoyed throughout the world. The alternative — trade restricted by protective tariffs and quotas — concentrates benefitsto a protected few who profitdue to petitionfrom petitors. The morality of free trade is clear. Individuals canchoose what they buy from where, linking the worldthrough a network of exchange. Integration through trade and exchange is a major factor lifting people out of poverty. The more and freer the trade, the better for human flourishing. Despite...
New Acton Commentary: Economics not Great at Orthodox Council
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 ments 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...
Lecture Capsule: Religious Freedom, Dawn of the First Amendment
In an Acton University lecture titled “Religious Freedom: The Dawn of the First Amendment,” John Pinheiro sought to give a fuller understanding of the meaning of the First Amendment through its historical context. Contrary to a current widespread belief, religious freedom has not always been valued in the United States and has been almost constantly threatened, even after the ratification of the Constitution. Pinheiro described the Founders’ fight for religious liberty as both radical and counter-cultural because of the religious...
The unintended consequences of clothing donations
A recent article in the Wall Street Journal focuses on the market for the global clothing donation and recycling industry, centering on the trade from the United States to India. One of the most immediately striking elements of the piece are the photographs that pany it, featuring piles and piles of used clothing on large trucks and people picking through the mountains of fabric taller than they are. The quantity of donated clothing is astounding. These pictures show a fraction...
The Costs of Jailing Teens
In early June 2016, Matthew Bergman, 15, allegedly admitted to police that he killed his aunt and stabbed his mother in Davidson County, Tennessee near Nashville. When mit crimes in the suburbs or in urban areas, experts are ambivalent about what to with them because of the long-term consequences of youth incarceration. Low munities get hit the hardest. Since the 1980s juvenile incarceration rates have increased steadily creating a phenomenon often referred to as the “school-to-prison pipeline.” There are many...
C.S. Lewis and the root of power philosophy
C.S. Lewis is probably best known for his work in children’s literature and Christian apologetics. “Mere Christianity,” “The Problem of Pain” and “The Abolition of Man” are among his most popular works, but he has many more valuable essays regarding truth and Christianity which are not as widely read. A favorite lecture of mine, titled “The Poison of Subjectivism”, is found in his collected essays, “Christian Reflections.” After leaving Malvern College in June 1913, Lewis (or Jack as he preferred...
Why the Market Needs the Family
The Family & the Market, an Acton University lecture by Jennifer Roback Morse, uses Christian theology and logic to illustrate unique connections between seemingly unrelated aspects of society, at least to the secular world. Morse is the founder and president of the Ruth Institute, where she discovered that the economy depends on the intact family raising children. This Institute has a dream: that every child is ed into a loving home with a married mother and father. Their goal is...
It’s All in Bastiat!
“It’s all in Plato, all in Plato: bless me, what do they teach them at these schools!” – Digory Kirke in C.S. Lewis’s The Last Battle The way Professor Kirk feels about Plato is how I feel about Frederick Bastiat. Whenever I hear someone repeating an economic fallacy online I have a tendency to cry out, “It’s all in Bastiat, all in Bastiat: bless me, what do they teach them at these schools!” Unfortunately, Bastiat, whose 215th birthday is today,...
Yes, Law Is Inherently Violent. That’s Not the Problem.
“Law professors and lawyers instinctively shy away from considering the problem of law’s violence,” says Yale law professor Stephen L. Carter. “Every law is violent. We try not to think about this, but we should.” Carter, one of the most astute legal minds in America, rightfully points out the inherent violence embedded in the law. But he draws some unfortunate conclusions from this fact: On the first day of law school, I tell my Contracts students never to argue for...
Understanding Austrian economics
Carl Menger (1840-1921) | Wikimedia Commons The central theme of the Austrian tradition, which might better be called the liberal tradition, is that society runs itself. This is strongly linked to the idea of freedom in the liberal sense, meaning the opportunity for the individual to advance and to create wealth. Jeffrey Tucker, Director of Content at FEE (Foundation for Economic Education) argues that the Austrian school started by Carl Menger revived an old method of thinking in the liberal...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved