On Thursday, November 15th and 29th, Dr. Frank Braio will present a lecture series on Bernard Lonergan's economic theory. Lonergan was a Canadian Jesuit theologian who spent the last part of his life studying the dynamics of the flow of money. In his innovative "Microeconomic Dynamics: An Essay in Circulation Analysis", (University of Toronto Press, 2017) Lonergan sharply distinguished between the supply and demand of "basic goods" (consumer goods) and "surplus goods," the goods use to produce basic goods. In addition, a "redistributive function" shifts savings between these two flows. Working out the full implications of these fundamental distinctions, Lonergan sheds new light on the functioning of static and isolated economies; economies that are accelerating within a "pure cycle;" and the policies needed to ensure mindful trading cycles between distinct economies. Never have these distinctions been more important for understanding our economic lives.
Lectures will be held in Stafford Hall, room 109 and begin at 7:30 p.m. All are welcome to attend.
About Frank Braio
Frank Braio earned his doctorate in philosophy from Fordham University where he served as assistant editor of the International Philosophical Quarterly under his mentor, Vincent J. Potter, S.J. He has published one book, Lonergan's Retrieval of the Notion of Human Being, many articles and he has lectured widely. Frank learned economics from his finest teacher, Dr. Philip McShane, author of the introductory Economics for Everyone (Axial Press, 2017). He has taught philosophy as well as world religions in various colleges for 35 years.
About the Center for Catholic Studies
Founded at Seton Hall University in 1997, the Center for Catholic Studies is dedicated to fostering a dialogue between the Catholic intellectual tradition and all areas of study and contemporary culture, through scholarly research and publications and ongoing programs for faculty, students, and the general public. In 2001, the Center conducted the annual faculty summer seminar, "The Core of the Core," which originated the present University Core Curriculum. The Center also developed the undergraduate degree program in Catholic Studies with its major, minor and certificate, which in 2012 became the Department of Catholic Studies. The Center continues to support the Department with scholarship aid and its ongoing program of co-curricular activities.
Focusing on the central role of the faculty, the Center is the sponsor of regular Faculty Development programs, including lectures, seminars and retreats. The Center also administers two national faculty development programs: Collegium: A Colloquy on Faith and Intellectual Life, and the Lilly Fellows Program.
The Center maintains a global focus in international scholarship and is the home of the G.K. Chesterton Institute for Faith & Culture, as well as the Bernard J. Lonergan Institute. The Institutes offer opportunities for study and research, as well as ongoing programs related to faith and culture. In addition, the Micah Institute for Business and Economics concentrates on communicating Catholic Social Teaching and ethics to business education at Seton Hall and the wider business community. The Center also publishes the prestigious Chesterton Review and The Lonergan Review.