Agency Problems When God is the Principal

With my fiancee, Clara Jace, I’ve recently written a paper that puts a new spin on agency theory.

Designing contracts which get the incentives right is a hard enough question under normal circumstances. But what about when God is the principal? Clara and I explore that question.

The Roman Catholic doctrine of in persona Christi Capitis guarantees the validity of a sacrament, regardless of the personal holiness of the clergy administrating it. This suggests that the adoption of in persona Christi Capitis ought to have been accompanied by more stringent screening of candidates for the priesthood. Otherwise, the doctrine opens the door to opportunism. And that’s in fact what we find.

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