The predominant global economic system is "unsustainable," particularly in its impact on the environment, Pope Francis said.
"We are faced with the moral imperative -- and the practical urgency -- to rethink many things" about the economy: "how we produce, how we consume,
Although the Vatican is facing difficult years ahead due to the economic fallout of the coronavirus pandemic, its budget is not facing a massive default, said the prefect of the Vatican Secretariat for the Economy. In an interview with Vatican News published
In May 2015, the Vatican released Pope Francis’ second encyclical, Laudato si’, in which he wrote on the interconnectedness of all aspects of human life and creation. Five years later, in the midst of a pandemic that has brought much of the
On May 1, Pope Francis sent an invitation to the event “The Economy of Francesco,” named after St. Francis of Assisi. The event will take place in Assisi, Italy, from March 26-28, 2020. It is an initiative to which young economists and
Pope Francis has invited young economists and entrepreneurs around the world to help create a "new and courageous culture" that finds new ways to do business, promote human dignity and protect the environment. "We need to correct models of growth incapable of
Anxiety over getting replaced in a job can be a powerful impetus for people and lead to radical outcomes. Donald Trump successfully campaigned for the presidency in 2016 by appealing to voters who’d seen their livelihoods in the coal industry go away.
There’s a strange tension to the new document Oeconomicae et Pecuniariae Quaestiones, a joint effort of the Vatican’s Congregation for the Doctrine of the Faith and its Dicastery for Promoting Integral Human Development, which was released May 17. On the one hand,