Thank you to Odile for an extremely interesting insight into the tensions between neo-liberal economic theory and Catholic Social Teaching from the perspective of a practitioner with wide experience in a variety of different organizations including the EU Commission and a UN specialized agency.
I think what struck me most forcibly was the way that a theory can become a straitjacket: instead of a starting point which then has to take into account the messy realities of culture and psychology, Odile sketched the ways a blind adherence to an economic model can lead to unsuitable policies in the real world. The virtue of prudentia (practical wisdom) is relevant here:
547. The lay faithful should act according to the dictates of prudence, the virtue that makes it possible to discern the true good in every circumstance and to choose the right means for achieving it. Thanks to this virtue, moral principles are applied correctly to particular cases. We can identify three distinct moments as prudence is exercised to clarify and evaluate situations, to inspire decisions and to prompt action. The first moment is seen in the reflection and consultation by which the question is studied and the necessary opinions sought. The second moment is that of evaluation, as the reality is analyzed and judged in the light of God's plan. The third moment, that of decision, is based on the preceding steps and makes it possible to choose between the different actions that may be taken.
548. Prudence makes it possible to make decisions that are consistent, and to make them with realism and a sense of responsibility for the consequences of one's action. The rather widespread opinion that equates prudence with shrewdness, with utilitarian calculations, with diffidence or with timidity or indecision, is far from the correct understanding of this virtue. It is a characteristic of practical reason and offers assistance in deciding with wisdom and courage the course of action that should be followed, becoming the measure of the other virtues. Prudence affirms the good as a duty and shows in what manner the person should accomplish it. In the final analysis, it is a virtue that requires the mature exercise of thought and responsibility in an objective understanding of a specific situation and in making decisions according to a correct will.
(Compendium of the Social Doctrine of the Church, paras 547-8: here.)
Odile's notes for the class with suggested further reading and links are here.
Next class: 11 March Philippa Bonella (Head of Communications and Education, SCIAF) 6pm-7pm Option for the poor – putting Catholic social teaching into practice. (Full details here.)
Thanks to Stephen for these relevant passages about prudence; Odile's presentation made me think about the relationship between practice and morality which Stephen's references bring out too; It's tempting to think that we have to have the right theory and then carry out action according to the theory but it is more important to think about the practice, what will happen when I undertake my action and how it will affect other people etc...
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