Catholic Social Teaching and the Market Economy

286 Pages Posted: 26 Jul 2007

See all articles by Philip Booth

Philip Booth

City University London - Sir John Cass Business School

Abstract

Throughout history, but particularly in the last century or so, the Catholic Church has developed a formal body of teaching on economic and political matters. Other Christian faiths have absorbed much of that work, as have non-Christians, and thus the body of Catholic Social Teaching has often been influential in the public policy arena. This volume, taking account of recent developments in both political economy and Catholic Social Teaching, examines the extent to which that teaching can be used to justify the free market, or alternative forms of political and economic organisation, in areas such as taxation, welfare, foreign aid, labour markets and business. It also critically examines the general case for an interventionist state in the economic sphere, as well as the importance of the development of responsible culture, underpinned by sound education, in a free society. The book is relevant to all Christians, and others, who take an ethical approach to the analysis of public policy issues.

Keywords: Catholic Social Teaching, Christian, welfare, aid, development, minimum wage, taxation, business ethics, education, subsidiarity

JEL Classification: A10, A13, D63, E24, F35, H11, H20, I20, J30, M14

Suggested Citation

Booth, Philip Mark, Catholic Social Teaching and the Market Economy. Philip Booth, CATHOLIC SOCIAL TEACHING AND THE MARKET ECONOMY, The Institute of Economic Affairs, 2007. Available at SSRN: https://ssrn.com/abstract=1003131

Philip Mark Booth (Contact Author)

City University London - Sir John Cass Business School ( email )

106 Bunhill Row
London, EC1Y 8TZ
United Kingdom

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