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Philip Booth – Catholic Social Teaching and the Market Economy

Throughout history, but particularly in the last century or so, the Catholic Church has developed a formal body of teaching on economics 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. In this video Philip Booth talks about a recent book of his Catholic Social Teaching and the Market Economy. The 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, the just wage and 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.

To view the latest revised second edition of Catholic Social Teaching in the Market Economy, click here.

The IEA is the UK's original free-market think-tank.

Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of the markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation.

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