What went wrong in the financial world in 2008? The fundamental problem was ‘‘the power of bad ideas’’, in particular too little attention to the corrosive effect of greed and pride. What is the answer? Moral finance. Where to start the new approach? With the three economic arrangements described in Pope Benedict XVI’s Caritas in Veritate: giving through exchange (commerce), giving through duty (taxes), and ‘‘gratuitousness and communion’’ (giving just to share).
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The article appeared in Rivista Internazionale di Scienze Sociali, 2012, n. 3, 313-324