Lehrman American Studies Center at ISI

The Teaching of Economic Logic: Economics and Beyond
By Gabriel Martinez, August 19, 2009 in Pedagogy and Teaching

Policy arguments are rarely purely technical economic arguments. Policies need to be consistent with an overall view of man if they are to improve human welfare. Hence social philosophy (in what pertains to economic life) needs to be taught at some point—but it is rarely taught in most economics programs. In this course, students should learn what are the basic principles and the basic logical steps that underlie a “libertarian” (or “left-liberal” or “communitarian”) argument, as applied to economic policymaking. This can be done in many ways: through collaboration with the Politics department, through specialized courses, or embedded within courses, particularly a Christian social ethics course.

Christian social ethics is also a “logic” course, often taught in universities of explicit Christian inspiration. This course requires knowledge of basic concepts and a disposition of loyalty towards the church (without blindness). The theological and philosophical presuppositions and language (the “grammar” stage) should have been covered earlier in a general education requirement and in their previous catechetical formation. That said, there is a grammatical component to Christian social ethics itself, addressed by reading the documents, such as papal encyclicals (for example, Catholic social teaching is not just an analytical field: it has credibility because its primary texts are papal encyclicals and its primary exponents are Roman pontiffs). And yet students do not just read a disorganized array of critical reflections, praises, and exhortations: students should learn to isolate and identify the fundamental principles that underlie Christian social ethics. The main focus of the course is for students to understand the doctrinal reasons for supporting one position and rejecting another, as Christians. By the end of the course, students not only know that the Pope uttered such-and-such statement, but they should be able to express why such-and-such a position is (or isn’t) compatible with Christian social ethics.

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Tags: Economics, Economic thought, Christianity, Catholicism

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About Gabriel Martinez

I am Assistant Professor of Economics and Chairman of the Department of Economics at Ave Maria University. I have been in the Economics Department since its beginning and have taught over fifteen different courses at Ave Maria University, particularly in the areas of macroeconomics, international economics, development economics, Catholic social teaching, economic history, and social philosophy. My two favorite courses to teach are Intermediate Macroeconomics and Markets, State, and Institutions, and I am teaching a course on Financial Crises: Past and Present in the Spring of 2009.

My work is in the general area of international finance and open-economy macroeconomics, with a focus on developing countries. My dissertation focused on the 1999 economic collapse in Ecuador, using a combination of historical, theoretical, and empirical analyses. My paper on the role of deregulation, moral hazard, and overconfidence in the Ecuadorian financial crisis was published by the Cambridge Journal of Economics. Financial crises are perennial topic, with causes that are complex and deep, inextricably intermingled with politics and ethics. My Ph.D. is from the University of Notre Dame; I've worked at the Inter-American Development Bank in Washington, D.C. and at the Ministry of Government in Ecuador.

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