Chapter

Teaching Economics While Keeping The Faith

Charles K. Wilber

in Teaching as an Act of Faith

Published by Fordham University Press

Published in print January 2002 | ISBN: 9780823222209
Published online March 2011 | e-ISBN: 9780823236800 | DOI: http://dx.doi.org/10.5422/fso/9780823222209.003.0001
Teaching Economics While                             Keeping The Faith

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Values embedded in economic theories are somewhat opposed to Christian thought. An example of these values is self-interest. Self-interest is the result of the fall of human nature, according to Christian beliefs. However in economics, self-interest is not harmful and it even enables people to attain a good life. The first part of this chapter establishes a relationship between morality and economics through the works of Adam Smith. His Theory of Moral Sentiments offers a rich vision of moral society that opposes the basic concept of a“rational economic man.” According to some writings of the church, both state socialism and free-market capitalism violate the two principles of Catholic social thought—special concern for the poor and concern for certain human rights.

Keywords: values; Catholic social thought; economics; theory; rational economic man; faith

Chapter.  6716 words. 

Subjects: Christian Theology

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