Raisons d'être

Wagner, Richard B.
August 1998
Journal of Financial Planning;Aug1998, Vol. 11 Issue 4, p40
Academic Journal
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.


Related Articles

  • GUIDES TO PERIODICAL READING. Logan, George B. // Journal of Social Forces;Mar1925, Vol. 3 Issue 3, p514 

    The article provides valuable tips on periodical reading. The article adds that neither thief, beggar, nor romantic vagabond, the authentic hobo is the drifting worker who has played an essential part in the industrial pioneering that filled the last half-century of our national life. Often...

  • STEADY WORK.  // American Prospect;Dec2007, Vol. 18 Issue 12, p7 

    The author reflects on Pope Benedict XVI's statement in October 2007 against cheap contract labor which undermines the stability of society and compromises its future. He cites the Catholic Church's long standing position against laissez-faire capitalism. He agrees that the pope is an authority...

  • The next industrial revolution will be (self) organised. Harris, Stephen // Engineer (Online Edition);2/5/2014, p3 

    The author comments on the next industrial revolution in Great Britain. It cites the German vision of the future of manufacturing proposed by "Industry 4.0," a working group of industrial companies in Germany at the Royal Academy of Engineering in February 2014. He cites the importance of strong...

  • Fathers of the profession. Hanney, Brian // Accountancy;Sep2002, Vol. 130 Issue 1309, p56 

    Accountancy firms, like much of the rest of industry have been in the grip of a merger mania throughout the latter half of the 20th century, if not before. This is reflected in the ever-changing names many have practised under, often switching from one title to another before the ink on the...

  • IS OUR CIVILIZATION DYING? Durant, Will // Saturday Evening Post;5/5/1934, Vol. 206 Issue 45, p8 

    Delves into the social, economic and political degeneration, and the charge of decadence in following the industrial revolution in Europe. Emergence of anarchy with the lack of submission to natural leadership causing disorder and chaos; Business losses in the agricultural sector following the...


    The article focuses on issues related to the industrial revolution and the Catholic movement in Germany. Modern industrial civilization is essentially a single historical phenomenon. It spreads from centers, and as it does so, brings tremendous changes in the lives of the individuals and groups...

  • WORKING-CLASS CULTURE AND POLITICS IN THE INDUSTRIAL REVOLUTION: SOURCES OF LOYALISM AND REBELLION. Dawley, Alan; Faler, Paul // Journal of Social History;Summer76, Vol. 9 Issue 4, p466 

    Sorts out the origins of loyalism from the origins of rebellion and assesses the relative historical impact of both. Key feature of the industrial class system as a whole; Impact of the economic changes in the shoe industry after 1860.

  • REVOLUTIONS PER MINUTE. Solnit, Rebecca // Orion Magazine;May/Jun2008, Vol. 27 Issue 3, p14 

    The author comments on Industrial Revolution, an incremental change in everyday life and production that began in the late eighteenth century. She argues that people should have to think about how the cultural revolution can empower people differently. She explains that the fantasy of a...

  • Brunel in Bristol and cheese in Cheltenham.  // British Heritage;Nov2005, Vol. 26 Issue 5, p14 

    This article reports that the official opening of the exciting new National Waterfront Museum in Swansea, Wales takes place in October 2005 as a part of Trafalgar Week celebrations. The mission of this major new museum on Swansea's waterfront is to convey the lasting impact that the industrial...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics