Prudence and Economics with Andrew Yuengert

Dr. John Buchmann, executive director of Beatrice Institute, talks with Andrew Yuengert, professor of economics and social thought at Catholic University of America. Their conversation covers what economists have to learn from Aristotle, the limits of rational choice theory, and what theologians stand to gain from economists. They apply these insights to the COVID-19 crisis and discuss how we can act with prudence. Intersection between Ethics and Economics   Fact-Value Distinction   Practical Wisdom   Technique without Reflection   How Theologians Can Learn from Economists   Unintentional Order   Economic Models for the Crisis   Prudent Action   Links: Intelligent Virtue by Julia Annas Aquinas and the Market by Mary Hirschfeld Practical Wisdom: The Right Way to Do the Right Thing by Barry Schwartz and Kenneth Sharpe The Four Cardinal Virtues by Joseph Pieper