William Bowman, dean, business and economics, was quoted in a Catholic News Service article about the new Vatican document on the economy, “Considerations for an Ethical Discernment Regarding Some Aspects of the Present Economic-Financial System.”
... William Bowman, dean of the Tim and Steph Busch School of Business and Economics at The Catholic University of America, Washington, also was grateful the Vatican drew a distinction between the financial mechanisms used and those who pull the levers.
“It’s extraordinarily well balanced without taking its focus off the fact that the private sector is there to serve the person and not vice versa,” Bowman said. “This particular document — in acknowledging the role that profit has to pay, that entrepreneurs have to play, makes these markets function well — notes all the pressures to concentrate power in the financial sector.” ...
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