Many journalists have caricatured Pope Francis’s recent encyclical as “an attack on the market economy”, but this shows they have “fallen into the very trap that the encyclical implores people to avoid”, argues the IEA’s Senior Academic Fellow Professor Philip Booth.

Writing for The Tablet, Philip notes that while it is true that some of Pope Francis’s statements on markets are “dismissive to the extreme”, this shows the need to debate constructively the merits of free markets.

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