Wednesday, August 08, 2007

Catholic Economics

New book about economics that is sympathetic to distributism. Excerpt from review:

Médaille ultimately demonstrates that some form of distributism (remember Chesterton and Belloc?) is essential for the proper operation of free enterprise in such a way that it actually expands prosperity, rather than progressively constricting it to a smaller and smaller group. In fact, he argues persuasively that an initial widespread distribution of ownership is necessary for capitalism to work at all. He adduces a long history and clear economic analysis to prove that the pursuit of equity in economic affairs leads directly to economic equilibrium, which is critical for human flourishing, and so should be a preeminent goal for any culture.

1 comment:

M. Jordan Lichens said...

I was once a proud big-business capitalist and have since had my common sense restored by men like GK Chesterton. Hopefully, the rest of the world will catch on someday.