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Catholic Economics

Catholic Economics

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Improving economic policy is a key component of building a just society. Though Catholic Social Teaching has a lot to say about economic policy, there are relatively few outlets discussing the rich and beautiful tradition of economic theory and policy provided to us by the Church. Join economist Dr. Levi Russell as he discusses economic concepts and current events through the lens of Catholic Social Teaching. Support this podcast: https://podcasters.spotify.com/pod/show/catholiceconomics/support
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What is the "Council for Inclusive Capitalism with the Vatican?" I give my thoughts and announce the end of the podcast. As always, please let me know if you have comments or questions. Follow Me on Social Media! https://gab.com/LeviARussell https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Soc…
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I hope you enjoy this interview with John Fisher 2.0! He's a sharp guy just getting his YouTube channel started. Check out his channel for some great interviews and debates! Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://gab.com/Ca…
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Recently the Reason and Theology podcast hosted a roundtable discussion on Catholic economics. Anthony Fernandez, the director of the Leonine Institute for Catholic Social Teaching joins me to discuss! Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Soci…
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Now that Janet Yellen is back in the halls of power, what policies will she be pushing from her post at the Treasury? Summary of Seattle $15 min. wage study Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://gab.com/CatholicEcon https:…
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I discuss the possibility for cooperatives to reform healthcare in the U.S. Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine I…
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Was Jesus a socialist? This oft-shared meme is dead from the neck up. I explain from the perspective of political theory and economic policy. Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.faceb…
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Should we be teaching concepts like solidarity, subsidiarity, common good, the universal destination of goods, and other components of Catholic Social Teaching to Catholic youth? If so, how do we do it? What challenges might such a CCD teacher face? I put these questions to you and give my brief thoughts. I also explain my recent absence from the s…
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I give my brief thoughts on Pope Francis' latest encyclical Fratelli Tutti. Washington Examiner piece Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-1002612717529…
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I read a short paper by economist Rupert J. Ederer, the man who translated Pesch's work into English. Writing in 1961, Ederer discusses the spontaneous creation of so-called industry councils that bind together the interests of management and labor. Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.…
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Pope Francis has emphasized usury to a greater degree than recent popes. How are liberal capitalists coping with this? What lessons can we learn about our own ideology and the social teaching of the Church from their responses? Leonine Institute paper on usury Acton blog post on Pope Francis & usury Pope Francis on usury 1 & 2 Pope Benedict on usur…
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What brought economist Rupert J. Ederer to Heinrich Pesch's solidarism? What motivated him to translate the Lehrbuch? I read his short note on the effect Pesch's work had on his life as an economist. My Journey into Solidarism - R.J. Ederer, Catholic Social Science Review, Vol. 3, 1998, pages 79-88 Support the Show! Patreon: http://patreon.com/cath…
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Dr. Jones joins me to discuss the use of our reason as it relates to obedience to the Church and the State. We cover several recent topics including the 'rona, Pope Francis, and international trade. Check out Dr. Jones' latest book Logos Rising Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/C…
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Economist Rupert J. Ederer explains the relationship between the social teaching of the Church and neoliberal economics. Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Econ…
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Isaac Miller joins me to discuss his piece in the inaugural issue of Social Justice Quarterly, the magazine of the Leonine Institute for Catholic Social Teaching. Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicE…
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Stimulus bill, Fed's new perspective on inflation, Q3 GDP forecast, and a continuing resolution to fund the gov't through Dec 11th. Fed's new monetary framework GDPNow Forecast Continuing resolution to fund the government Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podca…
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This week I'm reading Dr. Rupert J. Ederer's (lengthy) review of Tom Wood's 2005 book "The Church and the Market." Woods' book is popular among Catholics who feel the need to defend liberal capitalism against the criticisms of the popes. Economics for Dummies - Rupert J. Ederer reviews "The Church and the Market" http://culturewarsmagazine.com/2005…
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The Child and Dependent Care Tax Credit incentivizes parents to work outside the home, increasing the pernicious effects of the two income trap in our society. What are the details of this credit and what should we do to replace it? Brief explanation of the Child Care Tax Credit https://www.taxpolicycenter.org/taxvox/simplifying-child-care-tax-bene…
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How can economic theory explain the political actions of big tech and social media? As high as their profits are, they aren't maximizing them. Instead they're subsidizing their political influence via their market power. Show notes: Big Tech Panel Support this show's sponsor, CabinRugs.com! Home of the largest collection of Cabin, Native American, …
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Mainstreet's continued decline, Trump payroll tax relief, Trumpbux back on the menu, student loan forgiveness and TikTok as latest volley in trade war with China Yelp data shows 60% of business closures due to the affliction are now permanent Republicans propose payroll tax plan Payroll tax deferral starts today Businesses reject Trump payroll tax …
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Dr. William M. Briggs of wmbriggs.com joins me to discuss the 'rona and provides some insights about statistical theory. Dr. Briggs is a cradle Catholic and statistician to the stars. Find him on twitter @famedcelebrity. You can read his daily blog at http://wmbriggs.com/ Check out his forthcoming book on the "coronadoom!" https://www.amazon.com/Pr…
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Trumpbux failure, tech stock drop, and inflation. Democrats Block Senate Stimulus Plan https://www.msn.com/en-us/news/politics/democrats-block-slimmed-down-gop-stimulus-plan-which-extends-federal-unemployment-benefits-but-leaves-out-direct-payments/ar-BB18Ut7k Dow ends higher but Wall Street posts second-straight weekly drop on tech slide https://f…
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I interview diocesan seminarian and Leonine Institute Research Associate Alexander Brown about his article in the inaugural issue of Social Justice Quarterly. Historical Analysis of Subsidiarity: Where Did It Exist and How? - Alexander Brown Social Justice Quarterly Vol. 1 Iss. 1 https://leoinstitute.org/socialjusticequarterly/ Support the Show! Pa…
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Inflation targets, the middle class, small businesses, new antitrust action and more this week! Check out the inaugural issue of Social Justice Quarterly, a publication of the Leonine Institute! https://leoinstitute.org/socialjusticequarterly/ Will the Fed's recasting of its monetary policy strategy help the US economy? https://thehill.com/opinion/…
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This week I discuss a recent announcement at the Fed, the second round of 'rona relief and the effects of the delay so far, and the tax plans from the Biden and Trump campaigns. Fed's Powell on Avg Inflation Targeting https://www.zerohedge.com/markets/if-powell-announces-average-inflation-targeting-thursday-rates-will-be-hold-42-years Rona Relief L…
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Today's show is about the problems and benefits of automation and some policy ideas for improving the financial prospects of the labor force. WSJ Article by Christopher Mims https://www.wsj.com/articles/covid-19-is-dividing-the-american-worker-11598068859 Mims' Twitter Thread https://twitter.com/mims/status/1297172804819976194 Labor vs Software Tax…
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The inaugural Econ Comments episode! I discuss a range of economic and market issues from the past week. Links to articles can be found below! Articles from this show: https://finance.yahoo.com/news/stock-market-news-live-august-21-2020-222325606.html https://finance.yahoo.com/news/warren-buffetts-favorite-stock-market-indicator-reaches-internet-bu…
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What did the constitution Chancellor Dollfuss of Austria implemented look like? How does it align, as many claim, with the Social Teaching of the Catholic Church? Austria's Corporative Constitution - Arnold J Zurcher https://www.cambridge.org/core/journals/american-political-science-review/article/austrias-corporative-constitution/89154B0F76AFF7BED…
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What do recent economic data trends tell us about the effects of the shutdown associated with the affliction? I look at GDP, unemployment, and other data to get an idea. Support the show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media! https://twitter.com/Ca…
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Francis joins me again, this time to discuss a historical view of Germany's smartest economic policies with some lessons for improving policy here in the U.S. Colette's Carvings Devotionals and Decor from our home to yours! https://www.etsy.com/shop/ColettesCarvings Support the show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http…
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Hayek's book "The Road to Serfdom" was wildly popular in its day, and more recently during the Obama administration. What does Hayek get wrong? Does liberal capitalism really save us from "serfdom" by keeping us from socialism? These questions and more discussed in today's show! Colette's Carvings Devotionals and Decor from our home to yours! https…
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How do we define the just price? Is it merely theoretical or is it also practical policy prescription? These questions and more discussed this week! Show Links: The Just Price - Leonine Institute Position Paper - Anthony M. Gentile Just Price in a Functional Economy - Fr. Bernard Dempsey, SJ Ethics and the National Economy - Fr. Heinrich Pesch, SJ …
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What is a family wage policy and how can it be implemented? Is there a political coalition that would support it? These questions are answered in this week's show! Show Links: Family wage article https://www.washingtonexaminer.com/opinion/a-family-wage-prioritizes-conservative-values-and-would-solve-covid-19-child-care-dilemmas Support the show! Pa…
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I respond to some common critiques about the Catholic view of usury. Show Links: Conversation with Settler's Lament https://www.youtube.com/watch?v=1gIroGKkcmM&feature=youtu.be Clarifying Vix Pervenit on Usury | Episode 38 https://anchor.fm/catholiceconomics/episodes/Clarifying-Vix-Pervenit-on-Usury--Ep-38-eafn2t/a-aclroc Support the show! Patreon:…
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This week I talk to Leonine Institute contributor Tony Fernandez (@phattonez on twitter) about his use of data and graphs to make the case for a more just, Catholic economic system. Click here for Tony's graph --- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSupport this podcast: https://podcasters.spoti…
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I address some of the flaws in a recent NC Register piece alleging that capitalism is not only compatible with Catholic social teaching, but it is preferred! Previous episodes mentioned: On the Horn vs Rocha Debate | Ep 51 Review Preview: Can a Catholic Be a Socialist? | Ep 50 Trent Horn's Catholic Critique of Socialism | Ep 40 --- Send in a voice …
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The show has changed over the last year and I think it's time to update the name and branding to be more consistent with the content. There's also some info about some changes, large and small, that will be happening soon!--- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSupport this podcast: https://podc…
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I discuss the recent debate over the permissibility of "Catholic socialism" featuring Trent Horn and Sam Rocha. It's important to note that I definitely disagree with Horn, but I disagree much more strongly with Rocha. Trent Horn vs Sam Rocha Debate --- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSuppor…
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I give a preview and some extra discussion of my upcoming book review of Can a Catholic Be a Socialist?. Links: Trad Dads Episode 40: Trent Horn's Catholic Critique of Socialism Leonine Institute for Catholic Social Teaching --- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSupport this podcast: https://p…
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Levi interviews seminarian Anthony Gentile on the moral issues involved with investing today. Links: Anthony's bio on the Leonine Institute site. USCCB document on investing Cooperation in evil chart --- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSupport this podcast: https://podcasters.spotify.com/pod…
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A smattering of topics related to cars: economics, personal finance, emissions, quality, durability, and the future for electric cars. Links: Why did cash for clunkers fail? Edmunds report on used car purchases and financing --- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSupport this podcast: https://p…
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Recent events have radically shifted the purpose and activities of the Federal Reserve. Does America now have a central bank? This episode is a response to a request by a listener! To suggest an episode topic, leave a voice message on Anchor, a YouTube comment, or contact me @Traddads on Twitter or /TradDads on Facebook! Show links: YouTube Intervi…
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Does economic theory dictate that we shouldn't employ anti-price gouging laws? How else can we think about this issue? This topic is a response to a listener request. Please leave a voicemail on the Anchor app or hit me up on social media to request an episode! Show notes: Price Gouging During the Pandemic Can prohibitions on price gouging reduce d…
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I discuss the CDF's 2018 document "Economic and Financial Issues" and provide my view on their fundamental principles and the application of those principles in the worldwide financial system. Oeconomicae et pecuniariae quaestiones --- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSupport this podcast: ht…
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I discuss the panic, fearmongering, risk, uncertainty, and market plunge associated with the worldwide outbreak of coronavirus. Show notes: COVID-19 isn't as deadly as we think - Slate --- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSupport this podcast: https://podcasters.spotify.com/pod/show/catholice…
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I discuss the notion of the just price according to the School of Salamanca. Specifically, I use an article from the Distributist Review to respond to some libertarian critics of price controls and add some economic meat to the article. Corporation Christendom - Dr. Peter Chojnowski --- Send in a voice message: https://podcasters.spotify.com/pod/sh…
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Though it's not published yet, Trent Horn's forthcoming book on socialism will likely spark a lot of discussion on Catholic Social Teaching. As a preview, I provide here a critique of a talk he gave on the subject at Benedictine College late last year. Show notes: Horn's talk at Benedictine College Trad Dad's episode on Labor Economics & Policy ---…
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Is economics a reliable guide for morality? How should we respond when we are told our policy views are incoherent because we "don't understand economics?" Show Notes We're All Utilitarians Now? - Levi Russell --- Send in a voice message: https://podcasters.spotify.com/pod/show/catholiceconomics/messageSupport this podcast: https://podcasters.spoti…
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