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Economic Thinking for the Theologically Minded

2 customer reviews
ISBN-13: 978-0761820970
ISBN-10: 0761820973
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Editorial Reviews


Overall, the book is well-written and its purpose is noble.>>>> (Lisa Klein Surdyk Faith & Economics)

Overall, the book is well-written and its purpose is noble. (Lisa Klein Surdyk Faith & Economics)

About the Author

Samuel Gregg is Director of the Centre for Economic Personalism, Acton Institute in Grand Rapids, Michigan, Sessional Faculty of the John Paul II Institute for Study of Marriage and the Family, within the Pontifical Lateran University, and Adjunct Scholar, the Centre for Independent Studies, Sydney, Australia.

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Product Details

  • Paperback: 170 pages
  • Publisher: UPA (November 9, 2001)
  • Language: English
  • ISBN-10: 0761820973
  • ISBN-13: 978-0761820970
  • Product Dimensions: 5.4 x 0.5 x 8.5 inches
  • Shipping Weight: 9.8 ounces (View shipping rates and policies)
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #1,280,689 in Books (See Top 100 in Books)

More About the Author

Dr. Samuel Gregg is director of research at the Acton Institute. He has written and spoken extensively on questions of political economy, economic history, ethics in finance, and natural law theory. He has an MA in political philosophy from the University of Melbourne, and a Doctor of Philosophy degree in moral philosophy and political economy from the University of Oxford, where he worked under the supervision of Professor John Finnis.

He is the author of several books, including: Morality, Law, and Public Policy (2000); Economic Thinking for the Theologically Minded (2001); On Ordered Liberty (2003); his prize-winning The Commercial Society (2007); The Modern Papacy (2009); Wilhelm Röpke's Political Economy (2010); and Becoming Europe: Economic Decline, Culture, and America's Future (2013) as well as monographs such as Ethics and Economics: The Quarrel and the Dialogue (1999); A Theory of Corruption (2004); and Banking, Justice, and the Common Good (2005). Several of these works have been translated into a variety of languages. He has also co-edited books such as Christian Theology and Market Economics (2008); Profit, Prudence and Virtue: Essays in Ethics, Business and Management (2009); and Natural Law, Economics and the Common Good (2012). His forthcoming book is titled, Tea Party Catholic: The Catholic Case for Limited Government, a Free Economy, and Human Flourishing. He has also written on the thought of St. Thomas More.

He publishes in journals such as the Harvard Journal of Law and Public Policy; Journal of Markets & Morality; Economic Affairs; Law and Investment Management; Journal des Economistes et des Etudes Humaines; Notre Dame Journal of Law, Ethics and Public Policy; Evidence; Ave Maria Law Review; Oxford Analytica; Communio; Journal of Scottish Philosophy; University Bookman, Moreana, and Policy. He is a regular writer of opinion-pieces which appear in publications such as the Wall Street Journal Europe; Foreign Affairs; National Review; Public Discourse; American Spectator; Australian Financial Review; and Business Review Weekly. His op-eds are also widely published in newspapers throughout Europe and Latin America. He has served as an editorial consultant for the Italian journal, La Societa, as well as American correspondent for the German newspaper Die Tagespost.

In 2001, he was elected a Fellow of the Royal Historical Society, and a Member of the Mont Pèlerin Society in 2004. In 2008, he was elected a member of the Philadelphia Society, and a member of the Royal Economic Society. He is the General Editor of Lexington Books' Studies in Ethics and Economics Series. He also sits on the Academic Advisory Boards of Campion College, Sydney; the La Fundación Burke, Madrid; and the Institute of Economic Affairs, London; as well as the editorial boards of the Journal of Markets and Morality and Revista Valores en la sociedad industrial.

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1 of 3 people found the following review helpful By Karl R. Heintz on October 12, 2014
Format: Paperback Verified Purchase
This is a wonderful introduction to how Christians can interact with economic principles and theory. Christian students majoring in the social sciences will be more attracted to Part I of the book, in which Gregg addresses the relationship between economics and the "message of Jesus Christ". The five chapters include "Christian Social Ethics", "Making Sense of Economics", "Ethics and Economics", "The Institutional Dimension: Property, Rule of Law, and the State", and "Questions for Economics". Christians looking for a better understanding of economic principles will appreciate Part II, which presents selections from key works on such topics as the definition of economics, property, marginal utility, value theory, etc. The author quotes from across the spectrum of economic thought, including Austrian, Chicago, and neo-institutional economists. I highly recommend this book.
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5 of 15 people found the following review helpful By Clifford J. Stevens on June 17, 2014
Format: Paperback Verified Purchase
It is fairly well-known that Pope Francis is diametricallly opposed to the principles of Austrian Economics, in spite of the fact that the most vocal advocates of Austrian Economics are Catholics, in particular those attached to the Acton Institute, who carry on continual publications of works that exalt Austrian Economics. They claim that it is the only acceptable economic science, and have even set up an office in Rome to carry on a propagandaa effort - - on the very doorstep of the Vatican.

This book by Samuel Gregg is one in a series of books, trying to convince the public - and perhaps the Vatican - that Austrian Econiomics is in complete conformity with the economic teaching of the Popes - and so in this book, by the Director of Research for the Acton Institute, it is clear that he doesn't want to admit that he is barking up the wrong tree.

Pope Francis has made it clear that "compassion for the poor, the marginal, the sick, the lame and the homeless" are not compatible with the dynamics of Free Market Economics. . This book, written in 2001, tries to make the case from outdated empirical data and stale arguments - but only succeeds in twisting Catholic social ethics out of shape to cover the inadequacies and injustices of the Free Market.

The problem is that Austrian Economics is based on a value-free principle, carefully enunciatd by its founders, Carl Menger and Ludwig von Mises. Von Mises, as a matter of fact, expressed the hope that economics could make "the transition from a classical theory of value to a subjective theory of value". The classical theory of value is moral and ethical - the subjective theory of value is anything you want it to be: mostly - your own financial advantage in the Market, for instance.
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