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.
Vannicelli Lecture by Jacob Medina '16See More > 04/10/2015
A Seussebration: Hats Off to 111 Years of Dr. SeussSee More > 04/15/2015
Lunch & Learn: LGBTQ Safe ZoneSee More > 04/17/2015
'Libertad' performed by The College Choir and Chamber SingersSee More >
‘The 50 Best Private Colleges for Earning Your Degree On Time’
According to Money, a subsidiary of TIME.com, the College of the Holy Cross ranks No. 12 in the top 50 best private colleges for earning your degree on time and No. 101 for...03/04/15
‘At Notre Dame, a door closes, but many more are opening across Catholic higher ed’
Wall Street Journal | The Conversation
Joanne Pierce, professor of religious studies at College of the Holy Cross and a University of Notre Dame alumna, reflects on the legacy of Rev. Theodore Hesburgh, president...02/18/15
‘Exploring an Institution’s Roots: Board Members Walk in a Saint’s Footsteps’
In the January/February issue of Trusteeship Magazine, Rev. Philip L. Boroughs, S.J., president of the College of the Holy Cross, reflects on the pilgrimage he led with a...