Pope argues ethics should play a major role in economic policy
Michael De Dora
Posted on August 23, 2011
From the Associated Press:
Pope Benedict XVI has denounced the profit-at-all-cost mentality that he says is behind Europe’s current economic crisis, and says morals and ethics must play a greater role in formulating economic policy in the future.
The pope said, “Man must be at the center of the economy and the economy must not be measured only by the maximization of profit but according to the common good.”
Sound familiar? It should — the Pope is echoing my thoughts in a recent blog post here:
There are no such things as purely economic ends divorced from all other ends because economic decisions are made based on moral values, and also have a moral impact on other people.
Turns out the Pope and I agree on something.