Loyola Professor Attacks Austrian Economics

Dear Colleague: I congratulate you for your interest and involvement in the betterment of our university in general and our college in particular. However, I cannot agree with this statement of yours: “Austrian Economics is not inline with Ignatian tradition. Fr. Wildes and entire Loyno ministry would attest to this.” Well, let me clarify that. I agree, fully, with the second part of your statement, not with the first, though. Let me explain. The School of Salamanca (https://www.google.com/search?q=school+of+salamanca&ie=utf-8&oe=utf-8&client=firefox-b-1-ab) was established in by Dominicans and Jesuits in the 16th century. It was very free enterprise oriented. For the Salamancans, the just … Continue reading Loyola Professor Attacks Austrian Economics