Building on Sand

THE ECONOMY & THE COMMON GOOD

Our economy is based largely on fantasy, a flight from reality that has led to a series of unsustainable economic choices and the crisis we are now experiencing. In contrast, the idea of the common good is based on a realistic understanding of limits, both human and economic. It is a concept that can help us understand and right our current situation.

The present economic crisis took off when high-risk mortgages were issued to homebuyers...

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About the Author

William T. Cavanaugh is professor of theology at DePaul University.

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