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Episode 440: An Economic Makeover For The Catholic Church

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Episode 440: An Economic Makeover For The Catholic Church

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St. Peter's statue in front of St. Peter's Basilica at the Vatican. Franco Origlia/Getty Images hide caption

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Franco Origlia/Getty Images

St. Peter's statue in front of St. Peter's Basilica at the Vatican.

Franco Origlia/Getty Images

The Catholic Church is not a corporation. It's a religion, a cultural force, and a global power. Still, one of the things the new Pope will have to deal with is a classic business mess — a multi-billion dollar conglomerate that has stumbled and is losing money and relevance.

On today's show, experts (including a priest with a Harvard MBA) tell us what the church needs to do to turn things around.

Music: Faithful Father's Pipe Organ Hymns & Run DMC's "Down With the King" Find us: Twitter/ Facebook/ Spotify/ Tumblr. Download the Planet Money iPhone App.