The Imago Dei and the Market Economy: Libertarian Tensions in Michael Novak’s Political Theology

Abstract

The paper explores Michael Novak’s understanding of the human person and his normative case for the market economy, specifically its points of agreement and tension with natural rights libertarianism. For Michael Novak, the imago dei provides the strongest account for the relationship between the market economy, human dignity, and natural rights. Rationalistic attempts, such as those within libertarianism, cannot adequately ground human dignity or sustain free institutions capable of serving the common good, the market economy, and political liberty. However, Novak’s affinity to his libertarian interlocutors presents an opportunity for dialogue on the necessity of economic freedom and related theological influences on natural rights theory for securing human flourishing.

Keywords

• Michael Novak
• Murray Rothbard
• Hans-Hermann Hoppe
• imago dei
• libertarianism
• natural rights