‘A blunt Pope Francis targets free market economics’

CNBC .com | CNBC’s “The Kudlow Report”
August 6th, 2013 by 


In a recent CNBC.com piece on the economic impact of statements from Pope Francis on the free market economy, Mathew Schmalz, associate professor of religious studies at the College of the Holy Cross, weighed in on some of the thinking behind these statements.

Although surprising, the pope’s comments on global economics are in line with his personal thinking, said Schmalz. “Being a Jesuit priest and having spent so much time in Argentina as bishop and cardinal had a great effect on him,” he said. “He’s seen a lot of poverty close up and raised the issue in Argentina before becoming pope.”

He continued the conversation on CNBC’s  “The Kudlow Report,” discussing the pope’s view on free market and capitalism systems. “I think the question is whether in one sense we can develop a free market that respects human dignity and human rights,” said Schmalz. “I think what Francis is forcing us to do is ask tough questions about whether we need or think we need especially when people are living in slums and going hungry.”

Schmalz also highlighted the role of Pope Francis when commenting on markets and economic decisions, saying that he expected to continue hearing “very general pronouncements about values and how they should shape economic activity, but not a lot about specifics, what we should do with our 401(k)s and so forth.”

For additional information, please contact Bridget Cass at 508-793-2419.

| More

Comments are closed.

08/31/16 Photo Gallery: 2016 Summer Construction, Renovation and Maintenance Across Campus
08/31/16 Holy Cross Kicks off Fall Semester with Diverse Arts Line-Up
08/30/16 Washington Monthly Ranks Holy Cross Among Top Liberal Arts Colleges in the Country
08/27/16 Photo Gallery, Video: Class of 2020 Receives A Holy Cross Welcome on Move-In Day
See All
See All
Featured Videos

See video
Photo Gallery, Video: Class of 2020 Receives A Holy Cross Welcome on Move-In Day

Watch Video >
See video
VIDEO: Stephen Colbert Talks Holy Cross in Web Exclusive

Watch Video >
See video
Video: Total Giving to Holy Cross Breaks Record With $46.7 Million Raised

Watch Video >
See video
Video: Spring Blooms on Holy Cross Campus

Watch Video >
See video
Video: Class of 2016 Shares What’s Next

Watch Video >
See video
‘Major in Anything…Succeed in Business’

Watch Video >
See video
Photo Gallery, Video: Obama Advisor Broderick Johnson ’78 Speaks on ‘My Brother’s Keeper,’ Other White House Initiatives

Watch Video >
See video
Crusaders Win Patriot League Championship

Watch Video >
See video
Men’s Basketball Knocks Off Bucknell In Double Overtime Thriller

Watch Video >
See video
New Webcams Provide Live Video Stream of Campus, Contemplative Center

Watch Video >
More

Dance Concert
Wed, 03 May 2017 21:00:00 -0400
9
O'Kane Hall Fewick Theater: Our annual spring dance concert showcases vibrant work by the students in... See More >


Agape Latte
Mon, 24 Apr 2017 19:00:00 -0400
7
Loyola Hall :See More >


Agape Latte
Mon, 24 Apr 2017 19:00:00 -0400
7
Hogan Center :See More >


Faculty Scholarship Lunch: Neel Smith
Wed, 19 Apr 2017 12:00:00 -0400
12
Henry M. Hogan Campus Center Suite A - 4th Fl: Neel Smith, associate professor of Classics, will give... See More >


THE ROYAL FAMILY, by George S. Kaufman and Edna Ferber
Sat, 08 Apr 2017 20:00:00 -0400
8
O'Kane Hall Fewick Theater: Steve Vineberg directs an American comedy classic about three generations... See More >


THE ROYAL FAMILY, by George S. Kaufman and Edna Ferber
Fri, 07 Apr 2017 20:00:00 -0400
8
O'Kane Hall Fewick Theater: Steve Vineberg directs an American comedy classic about three generations... See More >


THE ROYAL FAMILY, by George S. Kaufman and Edna Ferber
Thu, 06 Apr 2017 20:00:00 -0400
8
O'Kane Hall Fewick Theater: Steve Vineberg directs an American comedy classic about three generations... See More >


THE ROYAL FAMILY, by George S. Kaufman and Edna Ferber
Sat, 01 Apr 2017 20:00:00 -0400
8
O'Kane Hall Fewick Theater: Steve Vineberg directs an American comedy classic about three generations... See More >


THE ROYAL FAMILY, by George S. Kaufman and Edna Ferber
Fri, 31 Mar 2017 20:00:00 -0400
8
O'Kane Hall Fewick Theater: Steve Vineberg directs an American comedy classic about three generations... See More >


THE ROYAL FAMILY, by George S. Kaufman and Edna Ferber
Thu, 30 Mar 2017 20:00:00 -0400
8
O'Kane Hall Fewick Theater: Steve Vineberg directs an American comedy classic about three generations... See More >


Agape Latte
Mon, 27 Mar 2017 19:00:00 -0400
7
Loyola Hall :See More >


CABA Meeting
Thu, 16 Mar 2017 15:30:00 -0400
3
Henry M. Hogan Campus Center 406(07):See More >


Faculty Scholarship Lunch: Rosa Carrasquillo
Wed, 15 Mar 2017 12:00:00 -0400
12
Henry M. Hogan Campus Center Suite A - 4th Fl: Rosa Carrasquillo, associate professor of history, will... See More >


Agape Latte
Mon, 27 Feb 2017 19:00:00 -0500
7
Loyola Hall :See More >


CABA Meeting
Thu, 23 Feb 2017 15:30:00 -0500
3
Henry M. Hogan Campus Center 406(07):See More >


Faculty Scholarship Luncheon
Tue, 31 Jan 2017 12:30:00 -0500
12
Henry M. Hogan Campus Center Suite B/C - 4th Fl: In talking to non-mathematicians, John Little, professor... See More >


Agape Latte
Mon, 30 Jan 2017 19:00:00 -0500
7
Loyola Hall :See More >


Woven Power: Ritual Textiles of Sarawak and West Kalimantan
Wed, 14 Dec 2016 10:00:00 -0500
10
O'Kane Hall Cantor Art Gallery: "Pua kumbu" are magnificent, intricately dyed, hand-loomed cotton ikat... See More >


Woven Power: Ritual Textiles of Sarawak and West Kalimantan
Tue, 13 Dec 2016 10:00:00 -0500
10
O'Kane Hall Cantor Art Gallery: "Pua kumbu" are magnificent, intricately dyed, hand-loomed cotton ikat... See More >

More Holy Cross in the News

08/24/16

VIDEO: Stephen Colbert Talks Holy Cross in Web Exclusive

In a Facebook web exclusive, comedian and host of “The Late Show” Stephen Colbert demonstrated the far reach of the College of the Holy Cross Community. When asked by an...

08/22/16

End of Summer Reminds Holy Cross English Professor Why She Teaches

Boston Globe

Even though the summer goes by too fast for Leila Philip, the “August migration back to campus” is a good thing, she wrote in an opinion piece published by the Boston...

08/19/16

Holy Cross Alumna, Professor Experience the Olympics in Rio

BBC World Service | The New York Times | The Wall Street Journal | Inside Higher Ed | Telegram & Gazette | GoLocalWorcester.com | Charter TV3

Annie O’Shea ’12 and Victor Matheson, professor of economics at College of the Holy Cross, helped media outlets localize the Olympic Games during their recent trips to...