This is an atypical episode—the first time in Kopi Time we discuss the intersection of faith and economics. Dr. Tony Annett, a Visiting Scholar at the Center for Sustainable Development, Columbia University, and author of “Cathonomics: How Catholic Tradition Can Create a More Just Economy,” insists on moral principles as foundations of economics and finance. In this fascinating conversation, we explore the roots of our modern values and principles, going to back old scriptures and subsequent faith-based approaches. Dr. Annett questions the narrow rational actor approach of neoclassical economics, arguing that without concerns for a common good and social responsibility, solutions to inequality, climate change, and monopolistic practices will remain unattainable. Over the past couple of centuries, technological progress and organisational developments have led to astonishing material prosperity, but have we achieved meaningful progress? The call remains for a more sustainable and inclusive world; whether one has faith or not, that imperative is critical.
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