Pope Francis’s 2015 encyclical on the environmental crisis may be the most talked about papal statement since 1968. Although Francis ignores the role of markets in the channeling of self-interest to serve the common good—and conserve natural resources—his criticisms of the “deified market” often hit their mark.

Other Independent Review articles by A. M. C. Waterman
    Winter 2003   Economics, Love, and Family Values