TITLE

Raisons d'être

AUTHOR(S)
Wagner, Richard B.
PUB. DATE
August 1998
SOURCE
Journal of Financial Planning;Aug1998, Vol. 11 Issue 4, p40
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The author reflects on the historical roots of the financial planning profession in the context of a brief discussion of papal thought over the 1980s and its implications for the profession. From the Rerum Novarum of Pope Leo XIII to the Centesumus Annus of Pope John Paul II, we have incredible works of insights and paradox. They reflect on issues of money and economic systems with thoughtful regard for the personal and spiritual perspectives of affected individuals and full consideration for the realities of economic systems and human imperfections. As one might expect, these papal perspectives are both offensive and pleasing to partisans of the right and left. They are insightful and constructive, but they are limited by their institutional contexts. In contrast, let us talk about us. Our identity comes first from our roots and our growth, then from form and function. I suggest we are grounded in the industrial revolution, when, not so very long ago, men first sold their labor to other men more or less independently and more or less as its own product. Money is the medium of our profession. It is our primary definer. I further suggest that this essence of our profession is the only effective, genuine buffer around for enabling humans attempting to function effectively within these forces. We can look to the 20th-century war between two powerful economic theories--capitalism and communism/socialism. Neither has demonstrated a consistent ability to service the demands of individuals and communities.
ACCESSION #
988339

 

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