Inequality, unemployment, degradation of our environment: these and other practical economic problems reflect faulty economic theories. We have been led astray by ideas that made some sense in the past but are unsuited to our times and by ideas that are fundamentally mistaken. The Catholic Church has an extensive body of teachings on economic and social matters, too little known even among Catholics, which offers practical alternatives to the economics of the jungle. This book provides clear explanations of major errors ...
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Inequality, unemployment, degradation of our environment: these and other practical economic problems reflect faulty economic theories. We have been led astray by ideas that made some sense in the past but are unsuited to our times and by ideas that are fundamentally mistaken. The Catholic Church has an extensive body of teachings on economic and social matters, too little known even among Catholics, which offers practical alternatives to the economics of the jungle. This book provides clear explanations of major errors in conventional economic thinking and shows how the church's teachings can point us in a better direction.
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Even readers with no economics background should find this an easy to read and interesting introduction to the historic Catholic thinking that moral decisions are involved with all human activity. The book defends the thesis that Economics is different than the physical sciences because it has a human element. The author maintains that attempts to model Economic thought as an isolated instance of market forces is an incomplete approach. The book maintains that economic theory must account for the human ability to chose differing courses of action based on moral principles. Along the way, the book also introduces some of the major schools of economic thought that are prominent in the Western World.