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Defending the Free Market: The Moral Case for a Free Economy Hardcover – May 22, 2012
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Is there a moral case for capitalism? Consumerism is an appalling spectacle. Free markets may be efficient, but are they fair? Aren’t there some things that we can’t afford to leave to the vicissitudes of the market?
Robert Sirico, a onetime leftist, shows how a free economy—including private property, legally enforceable contracts, and prices and interest rates freely agreed to by the parties to a transaction—is the best way to meet society’s material needs. In fact, the free market has lifted millions out of dire poverty—far more people than state welfare or private charity has ever rescued from want.
But efficiency isn’t its only virtue. Economic freedom is indispensable for the other freedoms we prize. And it’s not true that it makes things more important than people—just the reverse. Only if we have economic rights can we protect ourselves from government encroachment into the most private areas of our lives—including our consciences.
Defending the Free Market is a powerful vindication of capitalism and a timely warning for a generation flirting with disaster.
- Print length256 pages
- LanguageEnglish
- PublisherRegnery
- Publication dateMay 22, 2012
- Dimensions6 x 0.8 x 9 inches
- ISBN-101596983256
- ISBN-13978-1596983250
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Editorial Reviews
From the Inside Flap
I’ve been eagerly anticipating such a book from Father Sirico for a long time. The man has delivered magnificently. Defending the Free Market does more than the title suggests. It celebrates the miracle of freedom and points a lost generation back to the free and virtuous society.”
Lawrence Kudlow, anchor of CNBC’s The Kudlow Report
Father Robert Sirico is a voice who must be heard. Defending the Free Market provides a solidly Christian perspective on capitalism and free marketsand makes the compelling case that we cannot possibly understand economics and how markets function without understanding the true nature of man.”
Chuck Colson, founder of Prison Fellowship® and the Colson Center for Christian Worldview
Defending the Free Market addresses the morality of entrepreneurship from the point of view of a sophisticated economist who is also an inspiring theologian, leading us on a journey to the free and virtuous society, animated by human creativity in the image of the Creator.”
George Gilder, author of Wealth and Poverty
Every American concerned about our economy and the erosion of individual liberty should read Father Sirico’s insightful and well-reasoned book. As he makes crystal clear, our prosperity will continue to be provided not by government but through the proven power of the economic and personal freedoms we enjoy within American free enterprise.”
Rich DeVos, co-founder of Amway and chairman of the Orlando Magic
"I've been doing financial counseling and education for over two decades, and one thing that has always stood out to me is how much money is connected to every part of our lives, from relationships to politics to ministry. Money is never just about money; it's always just part of the issue. That's why I appreciate Father Robert Sirico's ministry. Sure, he talks about money, but he also shows how all of these different aspects of our lives interact with and impact each other."
—Dave Ramsey, New York Times best-selling author and nationally syndicated radio show host
From the Back Cover
I ve been eagerly anticipating such a book from Father Sirico for a long time. The man has delivered magnificently. Defending the Free Market does more than the title suggests. It celebrates the miracle of freedom and points a lost generation back to the free and virtuous society.
Lawrence Kudlow, anchor of CNBC s The Kudlow Report
Father Robert Sirico is a voice who must be heard. Defending the Free Market provides a solidly Christian perspective on capitalism and free marketsand makes the compelling case that we cannot possibly understand economics and how markets function without understanding the true nature of man.
Chuck Colson, founder of Prison Fellowship® and the Colson Center for Christian Worldview
Defending the Free Market addresses the morality of entrepreneurship from the point of view of a sophisticated economist who is also an inspiring theologian, leading us on a journey to the free and virtuous society, animated by human creativity in the image of the Creator.
George Gilder, author of Wealth and Poverty
Every American concerned about our economy and the erosion of individual liberty should read Father Sirico s insightful and well-reasoned book. As he makes crystal clear, our prosperity will continue to be provided not by government but through the proven power of the economic and personal freedoms we enjoy within American free enterprise.
Rich DeVos, co-founder of Amway and chairman of the Orlando Magic
"I've been doing financial counseling and education for over two decades, and one thing that has always stood out to me is how much money is connected to every part of our lives, from relationships to politics to ministry. Money is never just about money; it's always just part of the issue. That's why I appreciate Father Robert Sirico's ministry. Sure, he talks about money, but he also shows how all of these different aspects of our lives interact with and impact each other."
Dave Ramsey, New York Times best-selling author and nationally syndicated radio show host
About the Author
Product details
- Publisher : Regnery; 58770th edition (May 22, 2012)
- Language : English
- Hardcover : 256 pages
- ISBN-10 : 1596983256
- ISBN-13 : 978-1596983250
- Item Weight : 13.8 ounces
- Dimensions : 6 x 0.8 x 9 inches
- Best Sellers Rank: #504,279 in Books (See Top 100 in Books)
- #517 in Theory of Economics
- #1,018 in Political Commentary & Opinion
- #1,129 in Political Conservatism & Liberalism
- Customer Reviews:
About the author

Rev. Robert A. Sirico received his Master of Divinity degree from the Catholic University of America, following undergraduate study at the University of Southern California and the University of London. During his studies and early ministry, he experienced a growing concern over the lack of training religious studies students receive in fundamental economic principles, leaving them poorly equipped to understand and address today's social problems. As a result of these concerns, Fr. Sirico co-founded the Acton Institute with Kris Alan Mauren in 1990.
In April of 1999, Fr. Sirico was awarded an honorary doctorate in Christian Ethics from the Franciscan University of Steubenville, and in May of 2001, Universidad Francisco Marroquin awarded him an honorary doctorate in Social Sciences. He is a member of the prestigious Mont Pèlerin Society, the American Academy of Religion, and the Philadelphia Society, and is on the Board of Advisors of the Civic Institute in Prague. Father Sirico also served on the Michigan Civil Rights Commission from 1994 to 1998. He is also currently serving on the pastoral staff of Sacred Heart of Jesus parish in Grand Rapids, Michigan.
Fr. Sirico's pastoral ministry has included a chaplaincy to AIDS patients at the National Institutes of Health and the recent founding of a new community, St. Philip Neri House in Grand Rapids, Michigan.
Books he has written:
* Catholicism's Developing Social Teaching (Acton Institute, 1993)
* Moral Basis for Liberty (Foundation for Economic Education, 1996)
* Il personalismo economico e la società libera (Italian language edition)
* Capitalism, Morality and Markets (Institute of Economic Affairs, 2001)
* The Entrepreneurial Vocation (Acton Institute, 2001)
* The Soul of Liberty (Acton Institute, 2002)
* Defending the Free Market (Regnery, 2012)
Books he has co-authored:
*Skepticism, Faith, and Freedom (Acton Institute, 2007)
*A Field Guide for the Hero's Journey (Acton Institute, 2012)
Books he has edited:
* The Social Agenda: A Collection of Magisterial Texts (Pontifical Council for Justice and Peace, 2000)
Find out more:
Official Blog: http://www.robertsirico.com
Acton Institute profile: http://www.acton.org/about/staff/rev-robert-sirico
Facebook: http://www.facebook.com/robertsirico
Twitter: http://www.twitter.com/robertsirico
PovertyCure voice: http://www.povertycure.org/voices/rev-robert-a-sirico/
Customer reviews
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Learn more how customers reviews work on AmazonCustomers say
Customers find the book easy to read and understand. They appreciate the author's insights and consider it a must-read. The book reconciles capitalism with Christian faith and provides a moral perspective. Readers appreciate the clear presentation of economics from a common perspective.
AI-generated from the text of customer reviews
Customers find the book very readable and clear. They appreciate the author's writing style and the simple explanations. The book provides a good defense of capitalism and is a must-read for economics students.
"...When I found out that he was doing an easy-to-read apologetic for the free market through Regnery, I knew that he would be successful at..." Read more
"This is a great book. Fr Sirico has presented a very readable and clear case for the free market as both the best way to help the poor..." Read more
"...I believe that Father Sirico, through this excellent book, has become closer to God and will lead many others closer to God as they read this book." Read more
"Loved this book. Wonderful thesis on how giving handouts actually has the power to prevent the human spirit from working...." Read more
Customers find the book insightful and thought-provoking. They say it provides logical arguments against leftist trends. Readers also mention it's an interesting and informative read with great examples from everyday life.
"...the Free Market: The Moral Case for a Free Economy, is a perfect complement to the work that Arthur Brooks of the American Enterprise Institute has..." Read more
"...He also offers some wonderful insights into his journey from a far left liberal to a champion of free markets.. which I think calls for a biography,..." Read more
"Loved this book. Wonderful thesis on how giving handouts actually has the power to prevent the human spirit from working...." Read more
"...the root of all evil, but a requirement for a good and free and prosperous society. Read this book." Read more
Customers find the book religious and to-the-point. It reconciles capitalism with Christian faith and teaches how leaders can make a difference. They appreciate the reflection of Catholic social teaching and the Christian case against socialism, Marxism, and elitism. The book provides a justification for working within the free market and critiques it as an effective way to enhance economic and spiritual freedom.
"...for his parish over many years, and visible in his demeanor, warmth, spirit, and character...." Read more
"...best way to help the poor and a mechanism that is a reflection of Catholic social teaching and which allows the human person to flourish fully...." Read more
"...He has done a very impressive job in not only reconciling capitalism with Christian faith but enlightening the reader on free markets being its full..." Read more
"...It is a lay person's guide to Christian understanding of this complex economic and political world." Read more
Customers find the book's economics well-written and easy to understand. They appreciate the common sense approach to the subject and the clear case for the free market as the best way to help the poor.
"...does exist, but he makes the point that point that the free market is remarkably efficient in channeling even actions motivated selfishly towards..." Read more
"This is the first book on economics I have found which is written from a common sense and moral perspective...." Read more
"Sirico's deep, but easily grasped, presentation of economic, political and spiritual realities of today's world is extraordinary...." Read more
"...economies work. It's the economy 101 plain and simple." Read more
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Top reviews
Top reviews from the United States
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- Reviewed in the United States on June 6, 2012Father Robert Sirico does not count as any ordinary Priest ... He is truly a remarkable man of God, evidenced by his care for his parish over many years, and visible in his demeanor, warmth, spirit, and character. I am blessed to call him a friend, and equally blessed to have him as a spiritual and intellectual influence in my life. When I found out that he was doing an easy-to-read apologetic for the free market through Regnery, I knew that he would be successful at popularizing the message of the free and virtuous society. I had no idea how successful he would be.
His new book, Defending the Free Market: The Moral Case for a Free Economy, is a perfect complement to the work that Arthur Brooks of the American Enterprise Institute has been doing as of late. Essentially, an impressive group of faith-oriented free market intellectuals are taking to the streets pleasing with those of us who believe in the superiority of capitalism to quit trying to make our case on utilitarian grounds, and rather to make the case for the moral superiority of an economics of freedom and responsibility. Sirico accomplishes this and then some with this 200-page little gem, and he uses his own personal testimony to tell the story. Father Sirico is a product of the 1960's left, and his conversion out of the radical socialism of the 1960's brought with it a conversion back to the faith of his childhood. Readers will be captivated by the manner in which these various moving parts are juxtaposed in Father Sirico's journey. At the end of the day, not only did God receive back a wayward son, and not only did Father Sirico find his calling in life, but all of us now are the beneficiaries of his journey, both in his testimony and in his message.
That message is a simple one: the free market always must be, above all else, a system advocated for its respect of the human being. It is an ideology based on man as created in the image of God, or it is a failed ideology. I will not let this review go on and on lest I attempt to write the book that Father Sirico wrote in my review of it, so let me just say this: I have read more treatises on free market economics than I could ever count throughout my ideological journey. I have read deeply academic works and I have read popular synopses. I have read fantastic books, and I have read atrocious ones. There is nothing "new", per se, in this book from Father Sirico. (Now, that may not be true for many of you, as there admittedly is a huge shortage of books that provide both an intellectual and moral defense of free markets). What I will say is new, though, is not necessarily in the content of this book (content that I genuinely believe EVERY single student in America from 7th grade through graduate school ought to become familiar with), but rather in the passions that it stirs. Economic principles do not often evoke much emotion. Financial-minded guys like me may get a little more stirred up by esoteric economic theorems that most, but the truth is that most people's libraries do not contain a lot of inspirational economic material. Father Sirico's new book evokes an optimism and a passion out of his readers that is the crying need of the hour. We are going to win this battle for the hearts and minds of men. The reason why we are going to win is because the cause we are fighting for is way, way too important to lose. We are fighting over the dignity of mankind. We are fighting over the flourishing of the human spirit. Paul Krugman is a failed economist advocating failed ideas, and that is too bad that his ideas are proven losers in the field of economics. But that is not the real tragedy - the real tragedy is that Paul Krugman advocates a system of economics that could never, ever allow for human beings to live in the maximum human cooperation and dignified opportunity that God, their creator, would have for them. The approach of Father Robert Sirico does. And that is where the passion comes from - that is why I read his book and know what God wants me to be obsessing with: I do not feel the way I do about capitalism because I believe in any particular macro-economic formula (though I believe in plenty of formulas) ... My calling, my passion, my obsession is this: The free and virtuous society is a venue for maximizing the glory God wants for His creation. Who could possibly want to skip a book about such a thing?
- Reviewed in the United States on August 8, 2012This is a great book.
Fr Sirico has presented a very readable and clear case for the free market as both the best way to help the poor and a mechanism that is a reflection of Catholic social teaching and which allows the human person to flourish fully.
This last point is important. Some critics of the free market, who might acknowledge that the free market might work in cold economic terms, argue that it is impersonal and encourages a selfish, individualistic outlook that is contrary to love in human relationships. Therefore, they say it undermines faith and contains the seeds of its ultimate demise. This has not been helped by the fact that some advocates of the free market believe it too - they happily agree that the generation of wealth is the only thing that matters and provided no laws are broken, then all other matters are private matters for each person to sort out for themselves in isolation. Even Catholics who in the past have struggled to reconcile the market viewed in this way with Catholic social teaching have suggested that the magisterium of the Church or recent papal encyclicals are wrong and that these Popes are pronouncing on areas in which they are not qualified to do so.
This case for the free market is different. While Fr Sirico does emphasise, quite fairly in my opinion, the importance of wealth generation, especially for relieving poverty, he never neglects the dignity of the human person in his thinking. He establishes his argument for the value of the free market from the basis of a human anthropology that is personal (that is one in personal relationships are critical) and cites Catholic social teaching as the basis for it. He does not say that selfishness is a virtue, or greed is good. He argues the contrary and makes a case that consideration of the common good and of others in any transaction is essential if the free markets are to work. And where this love is greatest, business flourishes the more. Of course naked selfishness does exist, but he makes the point that point that the free market is remarkably efficient in channeling even actions motivated selfishly towards the common good. This is good to know, for which of us is totally absent of selfishness in dealing with others?
Some may not accept his arguments, but if they are to dismiss them, it must be on some basis other than the usual anti-free market rhetoric with which free market advocates are commonly and summarily dismissed.
- Reviewed in the United States on June 14, 2012As a practicing Catholic, I've always had trouble reconciling the core tenets of capitalism with my faith, that is, until I read Father Sirico's book. He has done a very impressive job in not only reconciling capitalism with Christian faith but enlightening the reader on free markets being its full realization.
He opens every chapter with a question that you may have either encountered or thought about when thinking about free markets such as the morality of property rights and the ethics of a for profit healthcare system. In a clear and concise fashion, he puts forward arguments on why free markets are the most humane means of deailing with the most pressing of humanitarian problems. He also offers some wonderful insights into his journey from a far left liberal to a champion of free markets.. which I think calls for a biography, but I digress.
Something which I found very inciteful was his thoughts on charity and when applied blindly, even through Catholic institutions can cause more harm than good. It seems that the critique was tempered slightly as he seems to gloss over it throughout the book and I think it would have been great if he dedicated a chapter to the Catholic/Christian papers such as Rerum Novarum and explaining where the church leaders were coming from when writing the papers and explaining why they were wrong.
My favorite quote from the book, which I think struck a chord with me, is as follows: "The pursuit of excellence sincerely undertaken, in even the most humble of legitimate occupations, is a way to encounter the whole truth of the universe-an inchoate search for God." I believe that Father Sirico, through this excellent book, has become closer to God and will lead many others closer to God as they read this book.
Top reviews from other countries
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Luis A. MolinaReviewed in Spain on October 6, 20165.0 out of 5 stars Para entender la libertad de mercado en catolico
Imprescindible para llegar a entender el liberalismo económico en clave católica. Junto con los libros de Thomas Woods, la obra del padre Sirico debería ser de obligada lectura
John CarpayReviewed in Canada on November 26, 20125.0 out of 5 stars Defending the Free Market
It's refreshing to hear the moral case for how the free market enhances man's God-given dignity by unleashing creativity, and by rewarding excellence in the provision of goods and services. Too many religious leaders have parrotted socialist slogans which sound compassionate but really are not when exposed to thoughtful scrutiny. Reverend Sirico's analysis is thorough and profound enough to maintain the interest of an economist or theologian, yet written in a way that a layman can also make sense of it all.
Alberta CustomerReviewed in Canada on December 30, 20125.0 out of 5 stars Excellent and sobering look at today's economic trends
Fr. Sirico shows an excellent understanding of cause and effect of government intervention and policies on the economic health of the citizens of any nation. The book clarified a lot of trends I had observed but was unable to see how they linked together. Although he does not go into a lot of depth, he directs the reader to source documents that provide much more extensive treatment of the topics.
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Pablo GamboaReviewed in Spain on February 24, 20145.0 out of 5 stars Gran libro
Las explicaciones son claras y sencillas. Tiene una manera de ver las cosas realmente inusual en el clero. Absolutamente recomendable.








