While inflation hurts us all, it is especially hard for the poor whose incomes fail to keep up with rising prices.
Economics Articles
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 has grown fat in the U.S., nursed by a deep cultural consumerism.
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 commentary – and our first resource in Catholic Social Teaching – considering the rights of the worker.
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,…
Socialism disposes of the right to private property and hands over the production of goods to the state.…
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…
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…
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…
While inflation hurts us all, it is especially hard for the poor whose incomes fail to keep up with rising prices.…
A person who is concerned solely or primarily with possessing and enjoying – who can no longer subordinate his instincts - cannot be free. Materialism…
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…
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…
There is a widespread understanding among business leaders and economic think-tanks that business will need to be radically different.…
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,…
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…
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…
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…
“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…
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.”…
YES – there is a right to private property…AND – human nature can lead to the distortion of that right. The right to private property…
“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…
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…
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 spirited political debate is taking shape around the world. The issue is whether wealth redistribution or wealth creation should be the more important consideration…
Catholic social teaching places economic freedom parallel to political freedom. …
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…
