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photo Pierre Whalon

“To help the poor, study economics”: income inequality, justice, and economic theory

The sorcerer’s financial apprentices

Ignorance as well as greed

Of itself, the productive process can give the fortunate more than they desire; moreover, it would like to treat all with a generous hand, for only by such generosity can it attain its maximum. […] If idealism can be brought to learn the discipline of logic and of scientific reflection, then it will impose a generalization of the exchange economy. […] The vast forces of benevolence can no longer be left to tumble down the Niagara of fine sentiments and noble dreams. They have to be assigned a function and harnessed within the exchange system, for in no more way can that system shake off its fictitious fetters to move consistently toward its maximum.[4]

Avoiding the worst

Written by

Bishop in charge, Convocation of Episcopal Churches in Europe, 2001–2019. French-American. Musician, composer, author, happily married. www.pierrewhalon.info

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