Catholic Social Teaching and Economic Theory

Catholic Social Teaching and Economic Theory
Author: Mary E. Hobgood
Publisher:
Total Pages: 274
Release: 1991-01-01
Genre: Business & Economics
ISBN: 9780877227540

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Drawing upon a lively debate within the field of social theory, Mary E. Hobgood argues that the paradigm conflict between orthodox neoclassical and radical economic models is reflected in Catholic documents that address economic justice. She maintains that dynamics within Catholic teaching are explicable only in terms of this clash of fundamentally opposing perspectives. This study shows how normative values of social justice are always tied to a particular social theory or model of society. When assumptions shift from one model to another, the concrete actions mandated by these justice norms change significantly. Consequently, the Catholic social justice tradition contains not only two mutually exclusive analyses of capitalist dynamics, it also has very different interpretations of such norms as economic democracy and a preferential notion for the poor. Hobgood argues that the Church needs to clarify the economic models that inform its social justice mandates and to assess those models for their compatibility with the Church's moral concerns, otherwise, Catholic social teaching's interpretations of justice and how Christians must act for it remain inconsistent.

The Vocation of Business

The Vocation of Business
Author: John C. Médaille
Publisher: Bloomsbury Publishing USA
Total Pages: 374
Release: 2007-05-25
Genre: Religion
ISBN: 0826428096

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This is a textbook on the Social Teaching of the Roman Catholic Church for would-be business professionals. Part I does 3 things: provides (1) a history of moral discourse since the Enlightenment, (2) a history of economic thought from Aristotle and Aquinas to Ludwig Mises and Milton Friedman , and (3) a history of property. Part II provides a close reading of 3 major social encyclicals. Part III examines the tensions between Catholic social teaching and neoclassical economics. Part IV explores 5 case studies of the actual implementation of Catholic-like social teaching. The over-riding theme of the book is that the original unity of distributive and corrective justice that prevailed in both economics and moral discourse until the 16th and 17th centuries was shattered by the rise of an "individualistic" capitalism that relied on corrective justice (justice in exchange) only. The rise of individualistic business practice was paralleled by a movement in moral thinking from a discourse of virtue and the common good to a discourse of utilitarianism and "emotivism"; individual preference became all that mattered, and only the market is capable of correlating individual preferences. An economics that lacks a distributive principle will attain neither equity nor equilibrium and will be inherently unstable and increasingly reliant on government power (Keynesianism) to correct the balances. Catholic social teaching emphasizes equity in the distribution of land, the means of production, and a just wage.

Modern Catholic Social Documents and Political Economy

Modern Catholic Social Documents and Political Economy
Author: Albino F. Barrera, OP
Publisher: Georgetown University Press
Total Pages: 360
Release: 2001-08-09
Genre: Religion
ISBN: 9781589013742

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As western economies have moved from feudalism to industrialism to the information age, Catholic social thought has kept pace, responding to the economic realities of the day. Linking Catholic social teaching with modern economic theory, Albino F. Barrera examines the changing political economy embedded within the moral theology and social justice documents issued by the Church during the last hundred years. Barrera discusses the evolution of Catholic social teachings, from scholastic thinking on the concept of the "just price" to a modern emphasis on the importance of a living wage. As the conduct of economic life according to traditional custom and common law has given way to institutional and impersonal market forces, these teachings have moved from a preoccupation with personal moral behavior to an intense scrutiny of the structures of society. Amidst these changes, the Church's social documents have sought to address systemic shortcomings as a means of promoting the common good through economic justice. Barrera also looks ahead to the challenges posed by a postindustrial society characterized by a global, knowledge-based economy, arguing that Catholic social thought will likely shift its focus from advocacy of the living wage to demands for greater equality of socioeconomic participation. Written for scholars and students of economics, theology, and political science interested in religious social thought, this book bridges the gap between moral theology and economic theory.

Catholic Social Teaching and the Market Economy

Catholic Social Teaching and the Market Economy
Author: Philip Booth
Publisher:
Total Pages: 292
Release: 2007
Genre: Business & Economics
ISBN:

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Catholic Social Teaching and the Market Economy provides a rigorous yet accessible discussion on the interrelating discipline of Catholic social teaching and economics. Philip Booth shows both how economics can have an effect on Catholic social teaching and how Catholicism itself can affect economic policies. The book is thoroughly referenced with contributions from leading international academics, and will appeal to both academics and students of economics and theology.

Catholic Social Teaching and Distributism

Catholic Social Teaching and Distributism
Author: Michael Hickey
Publisher: Rowman & Littlefield
Total Pages: 167
Release: 2017-11-22
Genre: Religion
ISBN: 0761870059

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Catholic Social Teaching is a relatively new and growing body of theology. Its foundation can be found in the Bible and Tradition of the Church. However, it began to be formalized beginning in 1891 with the writing of Pope Leo’s revolutionary Social Letter/Encyclical, On the New Things/Rerum Novarum. It subsequently has been woven through all the many Social Encyclicals written by the modern popes, right up to the current pope, Francis. This book is written about the many themes of Catholic Social Teaching found in these Social Letters as well as an emphasis particularly on distributive justice as found in every modern Papal Social Letter. Additionally, these Letters often discuss the current failures of modern economic systems (Capitalism, Communism, and Socialism) to meet the needs of a majority of people in the world, particularly the poor and marginalized. Although these Social Letters never propose any new economic system, the heavy emphasis on distributive justice found in all of them is used as a basis to discuss a proposed and untried economic system called “Distributism.” Distributism was first introduced to the world in the early 1900’s by Catholic writer and theologian, G.K. Chesterton and Hilaire Belloc.

Paradigms in Conflict

Paradigms in Conflict
Author: Mary E. Hobgood
Publisher:
Total Pages: 626
Release: 1988
Genre: Religion
ISBN:

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An Economics of Justice and Charity

An Economics of Justice and Charity
Author: Thomas Storck
Publisher:
Total Pages: 180
Release: 2017-11-15
Genre: Religion
ISBN: 9781621383116

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An Economics of Justice and Charity offers readers a compact, objective summary of the economic teaching of the Popes from Leo XIII to Francis that makes manifest the inner unity and perennial applicability of Catholic social doctrine. It bears witness to the Church's desire to "perfect the temporal order with the spirit of the Gospel."

Eclipse of Justice

Eclipse of Justice
Author: George E. McCarthy
Publisher: Wipf and Stock Publishers
Total Pages: 305
Release: 2008-12-21
Genre: Religion
ISBN: 1606082485

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A sociologist and a church historian provide a probling scholarly critique of Economic Justice for All, the American bishops' pastoral letter on Catholicism and the U.S. economy. McCarthy and Rhodes examine the letter's focus on poverty, inequality, and powerlessness in American society. They review classical concepts of social ethics and economic justice as applied by the bishops to analyze the social, political, and economic institutions of American. By examining reactions to the letter from both the political left and right, Eclipse of Justice opens up the full range of debate about the nature of social ethics. The first part of Eclipse of Justice presents the moral dilemma created by the bishops' critique of liberalism (they pronounced it a social and moral scandal) and explores the antecedents--papal, episcipal, and lay--that provided the ideas and vocabulary for the bishops' letter. The second part analyzes the pastoral letter and locates it within the larger context of debates about economic structures in modern liberalism. The third part examines attempts of the bishops to relate Christian social doctrine to international political and economic issues, and probes the contributions of liberation theology and dependency theory.

Catholic Economics

Catholic Economics
Author: Angus Sibley
Publisher: Liturgical Press
Total Pages: 256
Release: 2015-08-11
Genre: Religion
ISBN: 0814648932

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Inequality, unemployment, degradation of our environment: these and other practical economic problems reflect faulty economic theories. We have been led astray by ideas that made some sense in the past but are unsuited to our times and by ideas that are fundamentally mistaken. The Catholic Church has an extensive body of teachings on economic and social matters, too little known even among Catholics, which offers practical alternatives to the economics of the jungle. This book provides clear explanations of major errors in conventional economic thinking and shows how the church's teachings can point us in a better direction.