Economics Articles

A Rerum Novarum Summary

Rerum Novarum was groundbreaking in addressing the struggles of the working class and societal challenges during the Industrial Revolution.

The Great Resignation and the Rights of Workers
The interest of Catholic social teaching is not on the Great Resignation itself, but on the conditions of work, the expectations of employers and employees,…
What is Capitalism?
The Church's relationship with capitalism is complex.…
Capitalism vs. Socialism
Socialism disposes of the right to private property and hands over the production of goods to the state.…
Jesus teaches the Sermon on the Mount
Was Jesus a Capitalist?
Capitalism is an economic system in which private actors own and control property and the means of production while demand and supply freely set prices…
Socialist Countries and Welfare States
In order to answer whether Jesus was a socialist, first, let's define socialism. Classic socialism, popularize by Karl Marx, is the economic system that can be seen…
Was Jesus a Socialist?
In order to answer whether Jesus was a socialist, first, let's define socialism. Classic socialism, popularize by Karl Marx, is the economic system that can be seen…
Inflation and Catholic Social Teaching
While inflation hurts us all, it is especially hard for the poor whose incomes fail to keep up with rising prices.…
An economy, grounded in Catholic social teaching, will not promote consumerism, but the dignity of the human person .
Holiday Commercialization and Consumerism
A person who is concerned solely or primarily with possessing and enjoying – who can no longer subordinate his instincts - cannot be free. Materialism…
The Dignity of Work by Mr. Michael S. Davison, III
Pope Leo XIII’s landmark encyclical Rerum Novarum was published during the tempestuous years of the Industrial Revolution, and as such was The Church’s first social…
Anna Maria is president of the Centesimus Annus Pro Pontifice Foundation and a thought leader in economics and the role of women entrepreneurship.
Women Nurturing Sustainable Development
I would like to thank the President of AIDDA, Laura Frati Gucci, for inviting me to the 58th FCEM World Congress in this conference entitled…
A New Methodology for a New Economy
There is a widespread understanding among business leaders and economic think-tanks that business will need to be radically different.…
What is the role of profit in business?
The Role of Profit in Business
When a firm makes a profit, this means that productive factors have been properly employed and corresponding human needs have been duly satisfied.” (Centesimus Annus,…
Mark Carney: Pope Francis and the global economy
Mark Carney, Pope Francis, and the Global Economy
We can either continue on the current path of what some argue is amoral wealth generation in a dehumanizing market society, or we can build…
The Role of the State and Economic Activity
Pope St. John Paul II identifies the role of the state as regards economic activity. Well, the State must guarantee individual freedom, guarantee private property…
A cargo ship at port representing goods, economies, trade, and globalization.
The Problems of Globalization
Capitalism has proven to be the greatest poverty relief program the world has ever known, but Pope Francis echoes that there this is no reason…
The stock market in New York representing capitlaism, consumerism, and economics.
Gratuitousness: Catholic Social Teaching’s Solution for Capitalism
“Concretely, in economic activity” this means that business women and men “engage in economic activity for the sake of the common good and they experience…
Consumerism: Rampant and Dangerous
Simply, but elegantly put: consumerism is a style of life directed towards “having” rather than “being”. It is a “web of false and superficial gratifications.”…
How Can Goods be Universal?
YES – there is a right to private property…AND – human nature can lead to the distortion of that right. The right to private property…
Pope Francis - An Economic Reformer and Provocateur
“Do not expect peace in society without seeking the common good.” “More than a tinge of urgency can be detected…in Pope Francis’ comments on business…
Good, Socially Responsible Business
It is frustrating that we need to qualify a certain business or investment as being ‘socially responsible’. This qualification implies that most of the other…
Is Your Company Paying "Just" Wages?
Are any of these wages just? In 2020 Tim Cook was paid approximately $238 million as Apple’s CEO, Alex Rodriguez was paid $32 million as…
A young woman counts money.
What is a "Just" Distribution of Wealth?
A spirited political debate is taking shape around the world. The issue is whether wealth redistribution or wealth creation should be the more important consideration…
Economics should be built on free markets
Catholic Social Teaching, Democracy, and Free Markets
Catholic social teaching places economic freedom parallel to political freedom. …
Catholic Social Teaching and Economics by Domingo Bickel
With this double difficulty of departure—the irreducibility of the message of the Gospel and the conflicting nature of all economics—is it possible for a Church…

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