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Center for Spiritual Capital discusses morality in business

Loyola press release - February 13, 2012

The Center for Spiritual Capital, in conjunction with the Loyola University New Orleans College of Business, presents “Catholicism and Free-Market Economics: Compatible or in Conflict?” today, Feb. 13 at 7 p.m. in Miller Hall, Room 114. The event is free and open to the public with free parking in the West Road garage.

The lecture will examine whether or not capitalism and free-market economics are at odds with Catholic teaching.

Professor Nick Capaldi, Ph.D., the Legendre-Soulé Distinguished Chair in Business Ethics at Loyola and director of the Center for Spiritual Capital, will focus on the evolution of Catholic thinking in relationship to economics and how recent Vatican policies have supported this shift. The Chase Bank Distinguished Professor of International Business William Barnett, Ph.D., will give a presentation, according to Capaldi, that will show how free market economics are not incompatible with deeply held religious and moral beliefs.

The event will also include a panel of four local business leaders who will share personal reflections on the struggle between running a successful business and staying true to teachings of their religion.

“What we try and do in the business school is to convey to our students that there really are moral principles that guide the business world, and many times those principles are sustained by deep faith,” Capaldi said. “There’s no incompatibility between being a person of principle and being successful in the business world. In fact, we think those two things go together hand-in-hand.”

A light reception will follow the discussion. For more information about the event, contact the Center for Spiritual Capital at 504-864-7028.

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