On the recordMarch 11, 1994
it is with great pleasure that I rise today to recognize the achievements of one of America's most brilliant theologians, Michael Novak. On Tuesday of this week, Mr. Novak was awarded the 1994 Templeton Prize for Progress in Religion, an award comparable to the Nobel Prize. Now a scholar at the American Enterprise Institute, he has long communicated the idea that free market capitalism is of greater economic benefit to the world's poor than is the socialist system. His work has received worldwide praise, and now recognition. Mr. President, at this time I ask that my statement and the following article from this past Wednesday's New York Times be submitted into the Record. [From the New York Times, Mar. 9, 1994] $1 Million Religion Prize for Capitalism Defender (By Peter Steinfels) Michael Novak, a scholar known for formulating a theological defense of capitalism, has won a prize of nearly $1 million established by one of capitalism's most successful practitioners. Mr. Novak, whose religious arguments linking democracy and capitalism influenced opinion in Eastern Europe and are echoed in Pope John Paul II's writings, was named the winner yesterday of the 1994 Templeton Prize for Progress in Religion.
Source
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