Pope Francis and the Economy: Evangelii Gaudium, New Institutional Economics, and the Search for Consistency Across Disciplines

Posted: 24 Sep 2015

See all articles by Eileen Norcross

Eileen Norcross

George Mason University - Mercatus Center

Christopher Koopman

Mercatus Center at George Mason University

Date Written: September 21, 2015

Abstract

This paper examines the political economy of Pope Francis. Extending the work of Maciej Zieba we attempt to provide context to the pope's statements on economics made within his most recent apostolic exhortation, Evangelii gaudium (Joy of the Gospel), by placing it within the larger spectrum of papal teachings on democracy, economy and society. We also attempt to fill gaps within his analysis by applying lessons drawn from an application of new institutional economics, as well as an extension of this theoretical framework to the economic performance of Argentina. We conclude by providing some comments on the language Pope Francis uses and the need for consistency across disciplines.

Keywords: New Institutional Economics, Argentina, Pope Francis, Evangelii gaudium, crony capitalism, Catholic Social Teaching

JEL Classification: B25, D70, E24, E26, F60, I30, J1, O43, O50, P00

Suggested Citation

Norcross, Eileen and Koopman, Christopher, Pope Francis and the Economy: Evangelii Gaudium, New Institutional Economics, and the Search for Consistency Across Disciplines (September 21, 2015). Available at SSRN: https://ssrn.com/abstract=2663547 or http://dx.doi.org/10.2139/ssrn.2663547

Eileen Norcross (Contact Author)

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States
703-993-4930 (Phone)

HOME PAGE: http://https://www.mercatus.org/eileen-norcross

Christopher Koopman

Mercatus Center at George Mason University ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

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