Catholic Social Teaching and the Market Economy – Hardback


Markets and Morality

A new perspective on how Christians should approach issues of public policy

Government and Institutions

The EU has failed to uphold property rights in Slovenia

A lavish hardback edition of this new IEA book which provides new perspectives on how christians should approach issues of public policy
“Catholic Social Teaching and the Market Economy” is one of the most significant IEA publications of the year. To reflect this, the IEA has produced a beautiful hardback edition of the book. The perfect gift item, while the text remains unchanged, the book has a lavish hardback binding and subtly different cover.

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. 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, 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.

Foreword by John Kennedy
Preface by Leonard P. Liggio

1. Introduction: understanding Catholic Social Teaching in the light of economic reasoning by Philip Booth

Part 1: Economic Welfare and the Role of the State
2. Rethinking welfare, reviving charity: a Catholic alternative by Robert A Sirico
3. Aid, governance and development by Philip Booth
4. The unanswered questions of the just wage by Thomas E Woods, jr
5.Taxation and the size of the state by Philip Booth

Part 2: Business, the Consumer and Culture in Christian Life
6. Free markets and the culture of consumption by Andrew Yuengert
7. Business and the common good by Robert G Kennedy
8. The entrepreneur in the life of the Church and society by Anthony Percy
9. Education and the Catholic Church in England and Wales by Dennis O’Keeffe

Part 3: Subsidiarity and Solidarity – The Role of the Individual, the Community and the State
10. Subsidiarity and solidarity by Denis O’Brien
11. Catholicism and the case for limited government by Samuel Gregg

‘This book is a splendid analysis of how Catholic Social Teaching can be applied to economic and political realities in the 21st century.’
Reverend John Kennedy, former Secretary for Church and Society at Churches Together in Britain and Ireland

‘This book – which covers a superb range of topics – challenges many of the myths and assumptions that exist in Christian thinking on economic and political issues.’ Dr Stephen Copp, Bournemouth Law School, Bournemouth University

2007, ISBN 978 0 255 36581 9, 277pp, HC

Click Now to order the Paperback Edition of Catholic Social Teaching and the Market Economy or to download an audio file about the book.

Fullscreen Mode

Academic and Research Director, IEA

Philip Booth is Senior Academic Fellow at the Institute of Economic Affairs. He is also Director of the Vinson Centre and Professor of Economics at the University of Buckingham and Professor of Finance, Public Policy and Ethics at St. Mary’s University, Twickenham. He also holds the position of (interim) Director of Catholic Mission at St. Mary’s having previously been Director of Research and Public Engagement and Dean of the Faculty of Education, Humanities and Social Sciences. From 2002-2016, Philip was Academic and Research Director (previously, Editorial and Programme Director) at the IEA. From 2002-2015 he was Professor of Insurance and Risk Management at Cass Business School. He is a Senior Research Fellow in the Centre for Federal Studies at the University of Kent and Adjunct Professor in the School of Law, University of Notre Dame, Australia. Previously, Philip Booth worked for the Bank of England as an adviser on financial stability issues and he was also Associate Dean of Cass Business School and held various other academic positions at City University. He has written widely, including a number of books, on investment, finance, social insurance and pensions as well as on the relationship between Catholic social teaching and economics. He is Deputy Editor of Economic Affairs. Philip is a Fellow of the Royal Statistical Society, a Fellow of the Institute of Actuaries and an honorary member of the Society of Actuaries of Poland. He has previously worked in the investment department of Axa Equity and Law and was been involved in a number of projects to help develop actuarial professions and actuarial, finance and investment professional teaching programmes in Central and Eastern Europe. Philip has a BA in Economics from the University of Durham and a PhD from City University.