Grayish Markets

Wealth, Poverty & Human Destiny
edited by Doug Bandow and David L. Schindler
Wilmington, Delaware: ISI Books, 2003
(538 pages; $29.95, hardback)

reviewed by John William Coleman

The appearance of Pope John Paul II’s encyclical letter Centesimus Annus in 1991 was greeted by many as a victory for the liberal democratic tradition. While it did not offer unconditional support to capitalist economic orders, its condemnation of socialism and reaffirmation of freedom as an essential precursor to the recognition of human dignity seemed a vindication for those who support classically liberal ideas. However, the pope’s message for Lent in 2003 reiterated his concern for the modern . . .

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John William Coleman is a senior economics major at Berry College in Rome, Georgia. Founder of For the Least of These: A Journal of Hunger and Homelessness Issues, he is the editor of two campus publications and a regular contributor to newspapers and magazines.

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