When discussing economic models, it is easy to become overly focused on technical and statistical analysis and disregard social and cultural factors. In the book, Return to Order: From a Frenzied Economy to an Organic Christian Society—Where We’ve Been, How We Got Here, and Where We Need to Go, we affirm that every economic model has its impact upon the society in which it is embedded.
In fact, a great part of the present crisis stems from the fact that modern economy with its frenetic intemperance strongly influences a corresponding society with its own set of values. It gives rise to a mentality that we call the rule of money.
The rule of money is, of course, the misuse of money. This rule transforms money from a common means of exchange into the principal measure of all relationships and values. Tragically under this rule, there is an entirely different way of looking at life—a mentality—where social, cultural and moral values are put aside. It is a mentality that reduces everything to the terms of a commercial contract, drafted, signed, and carried out at a frenetic pace.
Thus, modern economic activity becomes cold and impersonal; mechanical and inflexible. A materialistic set of values is put in place that attaches more importance to quantity over quality, utility over beauty, matter over spirit. Concretely it gives rise to a climate of absorbing self-interest, commercialization, speculation and credit expansion.
The only effective means to oppose the rule of money is a return to an opposing rule—a different mentality with another set of values—that has always stood contrary to the rule of money. We call this opposing rule, the rule of honor.
Read more