What are the lessons that a ‘Catholic perspective’ should or could help to draw from the ongoing economic and financial crisis? We are convinced that no meaningful lessons can be drawn from the crisis unless the analysis extends beyond the received wis¬dom offered by social and economic science, to encompass the values and assumptions on which every diagnosis or remedy should stand. The unfolding financial and economic crisis keeps unveiling aspects of the working of the global economy that went unad¬dressed and suggests that our understand¬ing of the world economy and finance is still inadequate, with critical elements either false or missing. Part I shows how the mutual relationship between States and Markets has progressively changed since the end of WWII to the advantage of Markets. Part II examines some dominant features of the world economy in light of these systemic changes and identifies a number of deepening asymmetries which may be attributed to these changes. ‘Asymmetry’ means a lack of balance, or pro¬portion; even possibly a lack of justice. The Christian perspective considers the di¬mension of justice and the actions that may be needed for the common good. Part III discuss¬es the anthropological, social, and economic content of the notion of the Common Good and identifies directions for action inspired by Catholic Social Teaching which would help to mitigate or even correct some of the most flagrant asymmetries and denials of justice in finance .

Beretta, S., Dembinski, P., Beyond the Financial Crisis. Towards a Christian Perspective for Action, The Caritas in Veritate Foundation - Geneva, Geneva - Chambésy 2014: 87 [http://hdl.handle.net/10807/61964]

Beyond the Financial Crisis. Towards a Christian Perspective for Action

Beretta, Simona;Dembinski, Paul
2014

Abstract

What are the lessons that a ‘Catholic perspective’ should or could help to draw from the ongoing economic and financial crisis? We are convinced that no meaningful lessons can be drawn from the crisis unless the analysis extends beyond the received wis¬dom offered by social and economic science, to encompass the values and assumptions on which every diagnosis or remedy should stand. The unfolding financial and economic crisis keeps unveiling aspects of the working of the global economy that went unad¬dressed and suggests that our understand¬ing of the world economy and finance is still inadequate, with critical elements either false or missing. Part I shows how the mutual relationship between States and Markets has progressively changed since the end of WWII to the advantage of Markets. Part II examines some dominant features of the world economy in light of these systemic changes and identifies a number of deepening asymmetries which may be attributed to these changes. ‘Asymmetry’ means a lack of balance, or pro¬portion; even possibly a lack of justice. The Christian perspective considers the di¬mension of justice and the actions that may be needed for the common good. Part III discuss¬es the anthropological, social, and economic content of the notion of the Common Good and identifies directions for action inspired by Catholic Social Teaching which would help to mitigate or even correct some of the most flagrant asymmetries and denials of justice in finance .
2014
Inglese
Monografia o trattato scientifico
Beretta, S., Dembinski, P., Beyond the Financial Crisis. Towards a Christian Perspective for Action, The Caritas in Veritate Foundation - Geneva, Geneva - Chambésy 2014: 87 [http://hdl.handle.net/10807/61964]
File in questo prodotto:
File Dimensione Formato  
FCIV WP4 Beyond the Financial Crisis.pdf

accesso aperto

Descrizione: full text of the publication
Dimensione 1.72 MB
Formato Adobe PDF
1.72 MB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/61964
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact