A Vatican-Jewish dialogue commission said moderation, honesty and a fair distribution of world resources are the ingredients for a more just economic order.
National and international leaders and policymakers should also turn to ethics consultants as part of their decision-making process, representatives of the Chief Rabbinate of Israel and the Vatican's Commission for Religious Relations With the Jews said in a joint statement.
The statement, released by the Vatican March 30, came at the end of a three-day meeting of the dialogue commission in Rome.
The promotion of economic justice includes "the universal destination of the goods of the earth; a culture of 'enough' that implies a degree of self-limitation and modesty; responsible stewardship; an ethical system of allocation of resources and priorities; and the critical importance of honesty, transparency, gratuitousness and accountability," it said.
The recent global economic crisis reflected "a crisis of moral values in which the importance of having, reflected in a culture of greed, eclipsed the importance of being," it said.