Praxis
This is the Greek word for practice.
(1) Lonergan wrote
Insight for a "practical good" and asks: "What practical good
can come from this book? The answer is more forthright than might be expected,
for insight is the source not only of theoretical knowledge but also of all its
practical applications…It follows that insight … is the very key to practicality."
(Insight, 7-8)
(2) He
distinguishes between "shortsighted" or short-term
practicality and long-term practicality and says that the business of
cosmopolis is "to prevent practicality from being shortsightedly
practical and so destroying itself." (Insight, 263-64)
(3) He
distinguishes practicality from pragmatism and points out that "the
pragmatic criterion for success is the absence of failure that would reveal the
necessity of thinking things out afresh." (Insight, 318)
(4) Theological
moralists "excoriate" the existing macroeconomy for failing to
raise the standard of living of the poor This failure reveals the necessity of
"thinking things out afresh" and of undertaking "the
task of constructing a viable economic system." (Macroeconomic
Dynamics, 106)
From these four considerations, it can be inferred that Lonergan’s work on Macroeconomic Dynamics is the praxis component of his theological doctrines and that its aim is long-term practicality
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