Robert Whaples on the Economics of Pope Francis

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4.7 • 4.4K Ratings

🗓️ 13 March 2017

⏱️ 58 minutes

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Summary

Is capitalism part of the poverty problem facing the world or part of the solution? Are human beings doing a good job preserving the earth for future generations? To improve the world, should we improve capitalism or ourselves? Robert Whaples of Wake Forest University talks with EconTalk host Russ Roberts about "Laudato Si'," Pope Francis's encyclical on capitalism, poverty, and environmental issues.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.5	I'm your host, Russ Roberts, of Stanford University's Hoover Institution.
0:13.1	Our website is econtalk.org, where you can subscribe, comment on this podcast, and find
0:18.1	links and other information related to today's conversation.
0:21.0	You'll also find our archives where you can listen to every episode we've ever done
0:25.2	going back to 2006.
0:27.5	Our email address is mailadycontalk.org.
0:30.0	We'd love to hear from you.
0:31.6	Today's February 13th, 2017, and my guest is Robert Wapel's Professor of Economics at Wake
0:40.9	Forest University and the co-editor of the Independent Review.
0:44.6	Our topic for today is a recent article of his, The Economics of Pope Francis.
0:49.3	Robert, welcome to Econ Talk.
0:50.8	Thanks for having me.
0:52.8	Your article was the introduction to a set of articles in the Independent Review,
0:56.7	online symposium that will be published as a book on the Pope's Incyclical of 2015
1:03.0	Lodato C, which is Latin, I think, for praise B.T.U. and the U.B. in God.
1:09.6	And that Incyclical was dealing with environmental issues generally, but also dealt with a wide
1:16.0	range of issues related to economics, capitalism, rich poor, inequality, money, and so on.
1:22.6	So I want to start with, for those of us who are not so familiar with people, habits.
1:29.3	Why did the Pope do you think write such a message and what was the Pope's goal in trying
1:35.6	in publishing it?
1:38.7	And so if follows in the footsteps of a lot of other papal and cyclicals, especially
	...

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