Tuesday, September 24, 2013

Ludwig von Mises Speaks to the Pope

The Pope has made a number of statements about the economy, including this one: "Not paying fairly, not giving a job because you are only looking at balance sheets, only looking at how to make a profit. That goes against God!" This seems quite anti-market.

Ludwig von Mises wrote in Human Action (p.240 the scholars edition)
Theism and Deism of the Age of Enlightenment viewed the regularity of natural phenomena as an emanation of the decrees of Providence. When the philosophers of the Enlightenment discovered that there prevails a regularity of phenomena also in human action and in social evolution, they were prepared to interpret it likewise as evidence of the paternal care of the Creator of the universe. This was the true meaning of the doctrine of the predetermined harmony as expounded by some economists. The social philosophy of paternal despotism laid stress upon the divine mission of kings and autocrats predestined to rule the peoples. The liberals retorted that the operation of an unhampered market, on which the consumer–i.e., every citizen–is sovereign, brings about more satisfactory results than the decrees of anointed rulers. Observe the functioning of the market system, they said, and you will discover in it the finger of God.

(ht Bob Murphy)


  1. Based on all the posts I have read about the new Pope on this website, the Pope does not know the truth about economics. The quote from Mises is correct as ever. It seems to me that the Pope is preaching Marxism masked in Christianity, which is an insult to my faith and to the laws of economics. Keep up the good work!

  2. Guess my post didn't get posted. I'll try again....

    The popes need to shut up about economics. They don't know any more about it than the average slug.