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...
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.
Preface xiThe Historical BackgroundJustice and Economics 3Social Teaching and the Businessperson 3Why a "Social Teaching"? 5Justice and Economics 8The Erotic Economy 10Business as a School of Virtue 12The Vocation of Business 14The Modern Moral Dialogue 15Is a Moral Dialogue Possible? 15The Fragmentation of Moral Discourse 17Recovering the Moral Dialogue 23Culture, Narrative, and Practice 29The Culture of the Firm 33Conclusion 35Justice in Economic History 37The Recent History of Economic History 37The Preacher as Economist 38The Economist as Preacher 43The Utilitarians 55Summary 61The Disappearance of Justice 63The Marginalist Revolution 63The Keynesian Revolution 71Utility Triumphant 80The Disappearance of Justice 83Property, Culture, and Economics 86Property as the Foundation of Wealth 86Property and Culture 89Property and Economics 101A Question of Values 104The Social EncyclicalsRerum Novarum: A Scandalous Encyclical? 109Reading the Social Encyclicals 109The Historical Background 110Reading the Encyclical 112The Strategy of Rerum Novarum 115The Scandal of Rerum Novarum 116Laborem Exercens: Work as the Key to the Social Question 118The Polish Pope 118Reading Laborem Exercens 118A Practical Spirituality of Work 122Centesimus Annus: The Uncertain Victory 125The Defeat of Communism 125Reading Centesimus Annus 126An Endorsement of Capitalism? 133The Uncertain Victory 134Toward an Evolved CapitalismThe Social Teachings and Economics: Ideas in Tension 139Some "Economic" Principles of Catholic Social Teaching 139Conflicts with Economic Theory 143Criteria for an Ethical Economics 148Toward an Evolved Capitalism 152Economism 152Personalism 162Marginal Productivity and the Just Wage 171The Capitalist Narrative 171Marginal Productivity 174The Critique of Marginal Productivity 177The Just Wage 185The Neoconservative Response 194Responses to Catholic Social Teaching 194Weber's Question 196The Spirit of Democratic Capitalism 198Evaluating Neoconservatism 203Distributivism 211The Triumph of Liberalism 211The Chesterbelloc 212The Servile State 213Up from Servility 216The Economic Theory of Distributism 219The Ownership Society 222The Practice of Justice in the Modern Business WorldTaiwan and the "Land to the Tiller" Program 227Land Monopoly and Labor Markets 227The "Land to the Tiller" Programs 231Industrial Policy 234Equality and Development 236Development and Globalization 238The Growing Gap 238The World Bank 239The Values of Trade 243Cities and the Wealth of Nations 249Globalization and "Turbo-Capitalism" 253Micro-Banking 258The {dollar}27 Solution 258The Grameen Bank 260The Bicycle Bankers 263The Mondragon Cooperative Corporation 267Agency and Organization 267The History of the MCC 271Organization 275Workers as Owners 277The Just Wage and Business 280The Just Wage and Business 280Values and Corporate Value 281Principles of the Just Wage 282Job Design 284Organization and Culture 289Building an Ownership Society 294Private Property and the Common Good 294A Short History of Corporations 296Ownership and Use 302The Ownership Society 311Property and Freedom 316The Vocation of Business 317The Free Market and Freedom 317The Vocation of Business 322Notes 327Bibliography 349Index 355