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Economics—When the Truth Really Matters


James V. Schall, S.J. - published on 11/22/14 - updated on 06/08/17

Mueller ends the book with a very interesting discussion of the relation of creation to determinist thought. Msgr. Robert Sokolowski’s little book, The God of Faith and Reason, had pointed out the importance of seeing the world not as a necessity but as the result of God’s independence of it, His free choice to create in the first place. Mueller sees this aspect also. He touches on Father Jaki’s point that generally science dies in those cultures that see themselves as deterministic so that no growth or change comes into their thinking. This view is much more contemporary than it might seem at first. All voluntarist theories of the world eliminate any natural order and hence any reason to be found in things to indicate what they are.

In conclusion, this book should be read by every student of economics, businessman, and householder. It is literally revolutionary. Its title “redeeming” economics means that it recognizes that many good theories were found in the history of our wealth creation, but still some things that were once know are now lacking. In their updated form, they serve to explain to us why our economy is often inadequate for its own ends and why it cannot fully explain itself. Mueller understands that, if we do not understand the family correctly, we will not understand economics correctly, for, after all, that it what the word means, the life and natural order of the household.

James V. Schall, S.J., who served as a professor at Georgetown University for thirty-five years, is one of the most prolific Catholic writers in America. . His most recent book is The Classical Moment: Selected Essays on Knowledge and Its Pleasures  (St. Augustine Press, 2014).

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