October 06, 2017

Jay Richards, assistant research professor, business, published commentary on Michael Novak in First Things (published at LibertyLawSite.org). 

Rusty Reno’s recent editorial in First Things, which took aim at Michael Novak’s 1982 book The Spirit of Democratic Capitalism, was uncharitable. It also missed its target.

I have a personal stake in the matter, since Novak’s book played a pivotal role in my own intellectual journey. As a young graduate student, I struggled. My study of economics had convinced me (against my earlier instincts) that a free market was much better than the live alternatives at lifting societies out of poverty, and at allowing human beings to channel their interests in ways that benefit others. But I had read enough Ayn Rand to worry that “capitalism” clashed with Christianity. After all, that’s just what Rand had argued.

The result of this tension between my practical reason and my moral intuitions was, predictably, mental fog. ... 

Continue reading in libertylawsite.org.