Vocation of Business Paperback

Social Justice in the Marketplace

by John C.Medaille;

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Vocation of Business

Full Product Description

This is a textbook on the Social Teaching of the Roman Catholic Church for would-be business professionals. Part I does 3 things: provides a history of moral discourse since the Enlightenment, a history of economic thought from Aristotle and Aquinas to Ludwig Mises and Milton Friedman, and a history of property. Part II provides a close reading of 3 major social encyclicals. Part III examines the tensions between Catholic social teaching and neoclassical economics. Part IV explores 5 case studies of the actual implementation of Catholic-like social teaching. The over-riding theme of the book is that the original unity of distributive and corrective justice that prevailed in both economics and moral discourse until the 16th and 17th centuries was shattered by the rise of an "individualistic" capitalism that relied on corrective justice (justice in exchange) only. The rise of individualistic business practice was paralleled by a movement in moral thinking from a discourse of virtue and the common good to a discourse of utilitarianism and "emotivism"; individual preference became all that mattered, and only the market is capable of correlating individual preferences.An economics that lacks a distributive principle will attain neither equity nor equilibrium and will be inherently unstable and increasingly reliant on government power (Keynesianism) to correct the balances. Catholic social teaching emphasizes equity in the distribution of land, the means of production, and a just wage.

Vocation of Business by John C.Medaille was published by Continuum in July 2007 and is our 39714th best seller. The ISBN for Vocation of Business is 9780826428097.

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Details for Vocation of Business

Page last updated 14th September 2016
Author / Artist
Book FormatPaperback
PublisherContinuum (July 2007)
Number of Pages374
Thickness19 mm
Height229 mm
Width152 mm
Product Code1004409
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