Download Catholic Social Teaching and the Market Economy by Philip Booth, Leonard P. Liggio, John Kennedy PDF

By Philip Booth, Leonard P. Liggio, John Kennedy

This quantity, taking account of contemporary advancements in either political economic climate and Catholic social instructing, examines the level to which that instructing can be utilized to justify the unfastened industry, or replacement different types of political and monetary association, in parts corresponding to taxation, welfare, overseas relief, hard work markets and company. all through historical past, yet really within the final century or so, the Catholic Church has constructed a proper physique of educating on monetary and political concerns. different Christian faiths have absorbed a lot of that paintings, as have non-Christians, and hence the physique of Catholic social educating has usually been influential within the public coverage enviornment. The ebook additionally severely examines the overall case for an interventionist nation within the monetary sphere, in addition to the significance of the improvement of accountable tradition, underpinned via sound schooling, in a unfastened society.

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If the transfer of resources from government to government either does no good or actually does harm for reasons discussed below, how should a potential donor nation respond? It may not be within the power of the donor nation to achieve the aim of justice as defined by Cardinal O’Brien. To describe aid, in such circumstances, as an essential part of justice is therefore meaningless and unhelpful. 11 The problem of providing aid where there are imperfect political structures is mentioned in social encyclicals, though the implications are not drawn out.

It is very difficult to justify or ascribe any meaning to statements such as that by Cardinal O’Brien (see above). In an abstract sense, he could be regarded as being correct: there is something lacking ‘in justice’ if people do not have the basic needs to live. But the statement was made with a practical policy implication. If it is not within the power of a donor government to put in place the processes of good governance that could allow aid to meet basic needs, then how can the developed world give effect to ‘justice’ through increasing aid?

The economics and political economy of the case for aid will then be analysed. The focus is on development aid and not on disaster or famine relief. Catholic exhortations to the developed world to finance ‘aid’ A false premise We will see from our discussion of taxation (see Chapter 5) that the Church does not regard property rights as sacrosanct in situations where some individuals do not have the means for basic living. It is therefore not surprising that the Church exhorts better-off nations to help poorer nations by taxing its own citizens to help those of other countries.

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