Macroeconomic Dynamics: An Essay in Circulation Analysis, Volume 15

by Bernard J.F. Lonergan, Patrick, H. Byrne (Editor), Frederick G. Lawrence (Editor)

Few theologians in history have matched Bernard Lonergan's range of learning. Fewer still have written on the "dismal science" of economics. Rooted so solidly in the concerns of this world, economics is not a discipline we associate with the more rarified pursuit of theology. In this long-awaited volume, Lonergan demonstrates the short-sightedness of this view.

This companion volume to For A New Political Economy (Collected Works of Bernard Lonergan, Volume 21) continues the work of bringing together the various elements of Lonergan's economic thought. His economic writings span forty years and represent one of the most important intellectual achievements of the twentieth century. They have previously been inaccessible outside of the Lonergan research community as the majority of them have not been formally published, and exist only as a group of unfinished essays and material for courses on economics taught by Lonergan.

Lonergan's economic ideas track a different line of thought from that taken by contemporary economists.

Macroeconomic Dynamics: An Essay in Circulation Analysis represents the economic thought of Lonergan at the end of his career. His analysis, while taking a fresh look at fundamental variables, breaks from centralist theory and practice towards a radically democratic perspective on surplus income and non-political control, and explores more fully the ideas introduced in For a New Political Economy.

This work will be read not only by economists but also by liberation theologians, political theologians, and others inside and outside of religious organizations interested in social justice issues and alternative approaches to economics.

Genres: Philosophy

423 pages, Kindle Edition

First published November 15, 1999

About the author

Fr. Bernard Joseph Frances Lonergan, SJ, CC (Ph.D., Theology, Gregorian University (Rome), 1939; B.A., University of London, 1930), was an ordained Roman Catholic priest of the Jesuit order. As an economist and philosopher-theologian in the Thomist tradition, he taught at Loyola College (Montreal) (now Concordia University), Regis College (now federated within the University of Toronto), the Pontifical Gregorian University, Harvard University, and Boston College. He was named by Pope Paul VI one of the original members of the International Theological Commission.

He is the author of Insight: A Study of Human Understanding (1957) and Method in Theology (1972), which established what he called the Generalized Empirical Method (GEM). The University of Toronto Press is in process of publishing his work in a projected 25-volume collection edited by staff at the Lonergan Research Institute at Regis College.

"Lonergan is considered by many intellectuals to be the finest philosophic thinker of the 20th century."
—TIME Magazine

Reviews

[Stephen · Rating 5 out of 5]

Essential for understanding how the economy works so we can make intelligent, reasonable and responsible decisions. Opens up a way to a truly democratic economy supervening market mechanisms and state socialism.