(podcast) What is Risk?

Every change brings with it some amount of risk. When Church leaders make financial decisions should they strive to eliminate all risk that their decisions will incur, or is there a level of risk that is acceptable and proper?

Patrick O’Meara discusses “risk” in this podcast, answering the following questions:

  • What is risk?
  • When and why do we take risks with the temporal goods of the Church?
  • Why is choosing to do nothing sometimes a risk?
  • What is the “happy medium” between foolhardiness on one hand and complete avoidance of risk on the other?

For additional information on this topic, please see Patrick’s presentation Opportunity, Risk and the Hierarchy of Goods in the Economic Order — presented November 19, 2011 in Toruń, Poland for the IVth International Congress – Catholics and the Economy: Opportunity and Risk.

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