Columnist asks why Catholics don't understand economics
August 25, 2010
In a perceptive essay, Jeffrey Tucker argues that devout Catholics, who devote their first energies to the economy of salvation, have trouble understanding a fundamental challenge of economic science: the allocation of scarce goods. Tucker explains:
People who live and work primarily within the Catholic milieu are dealing mainly with goods of an infinite nature. These are goods like salvation, the intercession of saints, prayers of an infinitely replicable nature, texts, images, and songs that constitute non-scarce goods, the nature of which requires no rationing, allocation, and choices regarding their distribution.
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