CNA introduces ‘Indispensable Economics’ with Dr. William Luckey

.- Catholic News Agency is pleased to announce a new column named “Indispensable Economics,” written by Dr. William Luckey.  Each week, Dr. Luckey will explain the world of economics focusing on issues affecting Catholics in society today.

Formerly the chairman of the Political Science and Economics Department at Chrsistendom College, Dr. Luckey also holds advanced degrees in Business, Economics, Political Philosophy and Systematic Theology.  He was married in 1971 and became a Lay Dominican in 1974. 

He described his column to CNA saying:

“Ever since I started the serious study of economics so many years ago, I have been amazed at both the ignorance of almost everybody regarding economics, and, yet the arrogance of so many who discuss it as if they had studied the subject.”  Dr. Luckey explains that this doesn’t just apply to ordinary citizens, “but to those in the media, to those in other academic fields who pontificate on economic subjects as if specialized knowledge in their fields automatically gives them in-depth knowledge in a field they have not seriously studied, and those in the clergy, who continually have opinions on how to solve economic problems, as if only good intentions are needed to solve a problem.”

For example, “if NASA asked a brain surgeon, a media pundit or a steelworker for plans on how to build a rocket that would go to Pluto, everyone sees the silliness of it.  Would you travel in such a rocket?  So, why would you adopt an economic policy without knowing the economics behind the possible solutions?”

“Knowing economics is especially important for Catholics regardless of their calling.  For clergy, pronouncements on subjects, while emphasizing the moral aspects, still need to take into account how the world actually works.  Many clerics act as if, say, unemployment occurs because cheapskate companies just heartlessly refuse to give people jobs.  People who lose jobs not only tend to share that sentiment, but their anger is fueled by the pronouncements of the clerics.  For the citizen, we all need to make decisions regarding public policy questions, or what actions will actually help the poor, or really make healthcare more widespread.  More often than most people want to admit, the solutions proposed are much more harmful than beneficial because those who propose them either are ignorant of the economics of the question, or choose to ignore it.”

“That’s where I come in.  In reading my articles you will get an understanding as to what economics as a science is and its application to specific questions which have moral and theological aspects.  The question must be asked, ‘How can we help the common good in this or that situation?’  Doing so is our Christian duty.  We have to know what we are doing before we do it.”    

Dr. Luckey’s first column entitled, “Catholics, Calumny and Oil Prices,” can be found on the left-hand side of CNA’s homepage or by clicking on the following link: http://www.catholicnewsagency.com/columns.php?sub_id=14

Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages


Ads by Google (What's this?)

Featured Videos

Dedicating art to San Juan de la Cruz
Dedicating art to San Juan de la Cruz
A state without territory elects new government
The renewal of the Legionaries of Christ
Presentation of the book "The Pastor"
Synod on the Family October 2014
Preferential option for the poor
God is alive, even in sport
'A forbidden God' named Best Film at the International Catholic Film Festival
Vatican backs a 'Pause for Peace' during World Cup final
The effects of religious violence in Sarajevo 
The origin of Corpus Christi 
Corpus Christi at the Vatican 
Homage to an Indian Cardinal
Train of the Child's Light
New book explaining gestures of the Mass
Encounter between Pope Francis and the Charismatic Renewal in the Spirit Movement.
Religious tensions subside amid Balkan floods
John Paul II Center for Studies on Marriage and Family
Saint John Paul II on cartoon
Syrian Christian refugees

Liturgical Calendar

July 25, 2014

Saint James, Apostle

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Mt 20:20-28


Daily Readings

First Reading:: 2 Cor 4: 7-15
Gospel:: Mt 20: 20-28

Saint of the Day

St. James »


Homily of the Day

Mt 20:20-28


Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
Text only

Follow us: