Thirty years ago, the economic system of the Soviet empire—socialism—seemed definitively discredited. Today, the most popular figures in the Democratic Party embrace it, while the shapers of public opinion treat capitalism as morally indefensible.
Is there a moral case for capitalism? Consumerism is an appalling spectacle. Free markets may be efficient, but are they fair? Aren’t there some things that we can’t afford to leave to the vicissitudes of the market?
Robert Sirico, a onetime leftist, shows how a free economy—including private property, legally enforceable contracts, and prices and interest rates freely agreed to by the parties to a transaction—is the best way to meet society’s material needs. In fact, the free market has lifted millions out of dire poverty—far more people than state welfare or private charity has ever rescued from want.
But efficiency isn’t its only virtue. Economic freedom is indispensable for the other freedoms we prize. And it’s not true that it makes things more important than people—just the reverse. Only if we have economic rights can we protect ourselves from government encroachment into the most private areas of our lives—including our consciences.
Defending the Free Market is a powerful vindication of capitalism and a timely warning for a generation flirting with disaster.
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Rev. Robert A. Sirico is a Roman Catholic priest and the president and co-founder of the Acton Institute, a think-tank dedicated to promoting a free-market economic policy framed within a moral worldview. He is the author of several books, including Defending the Free Market: The Moral Case for a Free Economy, and his writings have been featured in the New York Times, the Wall Street Journal, Forbes, the London Financial Times, and National Review, among numerous other publications. Fr. is regularly called upon to discuss economics, civil rights, and issues of religious concern and has provided commentary for CNN, ABC, the BBC, NPR, and CBS’ 60 Minutes.
I ve been eagerly anticipating such a book from Father Sirico for a long time. The man has delivered magnificently. Defending the Free Market does more than the title suggests. It celebrates the miracle of freedom and points a lost generation back to the free and virtuous society.
Lawrence Kudlow, anchor of CNBC s The Kudlow Report
Father Robert Sirico is a voice who must be heard. Defending the Free Market provides a solidly Christian perspective on capitalism and free marketsand makes the compelling case that we cannot possibly understand economics and how markets function without understanding the true nature of man.
Chuck Colson, founder of Prison Fellowship® and the Colson Center for Christian Worldview
Defending the Free Market addresses the morality of entrepreneurship from the point of view of a sophisticated economist who is also an inspiring theologian, leading us on a journey to the free and virtuous society, animated by human creativity in the image of the Creator.
George Gilder, author of Wealth and Poverty
Every American concerned about our economy and the erosion of individual liberty should read Father Sirico s insightful and well-reasoned book. As he makes crystal clear, our prosperity will continue to be provided not by government but through the proven power of the economic and personal freedoms we enjoy within American free enterprise.
Rich DeVos, co-founder of Amway and chairman of the Orlando Magic
"I've been doing financial counseling and education for over two decades, and one thing that has always stood out to me is how much money is connected to every part of our lives, from relationships to politics to ministry. Money is never just about money; it's always just part of the issue. That's why I appreciate Father Robert Sirico's ministry. Sure, he talks about money, but he also shows how all of these different aspects of our lives interact with and impact each other."
Dave Ramsey, New York Times best-selling author and nationally syndicated radio show host
“I’ve been eagerly anticipating such a book from Father Sirico for a long time. The man has delivered magnificently. Defending the Free Market does more than the title suggests. It celebrates the miracle of freedom and points a lost generation back to the free and virtuous society.”
—Lawrence Kudlow, anchor of CNBC’s The Kudlow Report
“Father Robert Sirico is a voice who must be heard. Defending the Free Market provides a solidly Christian perspective on capitalism and free markets—and makes the compelling case that we cannot possibly understand economics and how markets function without understanding the true nature of man.”
—Chuck Colson, founder of Prison Fellowship® and the Colson Center for Christian Worldview
“Defending the Free Market addresses the morality of entrepreneurship from the point of view of a sophisticated economist who is also an inspiring theologian, leading us on a journey to the free and virtuous society, animated by human creativity in the image of the Creator.”
—George Gilder, author of Wealth and Poverty
“Every American concerned about our economy and the erosion of individual liberty should read Father Sirico’s insightful and well-reasoned book. As he makes crystal clear, our prosperity will continue to be provided not by government but through the proven power of the economic and personal freedoms we enjoy within American free enterprise.”
—Rich DeVos, co-founder of Amway and chairman of the Orlando Magic
"I've been doing financial counseling and education for over two decades, and one thing that has always stood out to me is how much money is connected to every part of our lives, from relationships to politics to ministry. Money is never just about money; it's always just part of the issue. That's why I appreciate Father Robert Sirico's ministry. Sure, he talks about money, but he also shows how all of these different aspects of our lives interact with and impact each other."
—Dave Ramsey, New York Times best-selling author and nationally syndicated radio show host
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