What does Lent, which starts today, have to do with a topic I’m very interested in: markets and morals? Last week I wrote that in order to reform a system, it’s good to have concrete alternatives, often tied to concrete traditions of thought. Through my classes in economic sociology and in social theory, I introduce students to scholars they may not encounter elsewhere in college, such as Friedrich Hayek or Amartya Sen. I use those readings, and this series of video interviews with scholars about markets and morals created by the Templeton Foundation, to teach students that markets are good but they also need to be regulated by morals.
Although I don’t directly teach Catholic social teaching, my reading of papal encyclicals on development and charity undoubtedly influence why I generally support free markets but am also concerned about economic inequalities. As the Compendium of the Social Doctrine of the Church points out, Catholic Church’s social teaching grows out of its moral teachings and its understanding of the human person. Lent is a time when Christians engage in particular practices to remind ourselves of our nature as persons and our duties towards others.
For example, during Lent, Catholics and other Christians are reminded to practice almsgiving. For Christians, charity is a duty, not a choice. As Pope Benedict XVI’s 2005 encyclical Deus Caritas Est (God is love) reminded us, giving alms must be accompanied by compassionate love for the other, or else it is not Christian charity.
During Lent, the Catholic Church calls its faithful to conversion. [Read more…]