For three days this week, the 104th archbishop of Canterbury told economists, theologians and others attending a Wall Street conference that the “fat cats” of the world were not necessarily bad people, just victims of a terrible misunderstanding.

The misunderstanding — shared by people with lots of money, people with aspirations of having lots of money and those with neither — is that money is equated with wealth, he said.

And wealth, said the archbishop, the Most Rev. Rowan D. Williams, leader of world’s 80 million Anglicans — including members of the Episcopal Church in the United States — is the sum of one’s loving relationships with people. It is not, he said, “the number of naughts on the end of a balance sheet.”

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Filed under: * Anglican - Episcopal • Archbishop of Canterbury • * Economics, Politics • Economy • Corporations/Corporate Life • Personal Finance • Stock Market • The Banking System/Sector • * Theology • Ethics / Moral Theology • Pastoral Theology

1. C. Wingate wrote: Williams’s words do not strike me as particularly radical nor clueless; indeed, it seems to me that his main attack is against the economist cluelessness of pretending that people participate in the economy rationally. February 1, 4:04 pm | [comment link]

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