Faith in mathematical modelling looks little more than hubris after the recent economic collapse, says Giles Fraser. The unknown cannot be so easily tamed, as any half-decent theo­logian would know.

The Archbishop of Canterbury Rowan Williams has said greed is the root cause of the current economic crisis and he has called on Christians and Muslims to work together to decide upon a fairer system of borrowing and lending.

There is a "gradual retreat of neoliberalism" in the region, according to participants in a Latin America and Caribbean ecumenical Christian consultation to examine the links between poverty, wealth and ecology.

The US Conference of Catholic Bishops' Committee on Domestic Justice and Human Development has issued a strong statement on the economic crisis, urging the Bush administration and Congress to focus on finance as a moral issue.