Monday, February 24, 2014

Tom's Tip: Pontiff-icating on the Free-Market System

Tom listened to the Freakonomics podcast episode about Pope Francis's critique of the free-market system in “Evangelii Gaudium” (“The Joy of the Gospel”), his first apostolic exhortation.
Most papal documents tend to be pored over primarily by the Catholic faithful, but this one has opened the door for a larger secular question: what is the role of markets in causing — or alleviating — human suffering?
To answer this question, Stephen Dubner turns to Jeffrey Sachs, who is a longtime advocate for both the market system and the poor. We also hear from Notre Dame economics professor Joseph Kaboski, a devout Catholic and president of CREDO, the Catholic Research Economists Discussion Organization.
Tom found it interesting, thought provoking, and he recommends it.

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