Globalisation for the Common Good

Placing much of the blame for world poverty on neoclassical economics, this text argues against modern economic theory. Economists are derided for a lack of a moral vision of society and for their misguided attempts to make economics a science devoid of value judgments—cluttered with jargon and math and deliberately inaccessible to the average person. Called for is a return to the ideas of classical economists such as Adam Smith and Henry George. Offered is a vision of harmonizing economic efficiency with environmental responsibility and an equitable distribution of wealth based on Catholic social teaching.