Economics and Religion
I have to admit to knowing next to nothing about economics; only recently has the "dismal science" begun to interest me. Both Marxist and Keynesian ecomomics are hogwash, so I'm divided between The Austrian School and Distributism, a.k.a. Distributivism*.
The Capitalist Response is an article that does an excellent job defending Capitalism against Distributivism from a Catholic point of view. [The Church, of course, has not officially endorsed any economic system, although Catholic teaching can be said to inform both schools.] I disagree, however, with LewRockwell.com's characterization of the article as follows: "The Communism of the Conservatives: John Clark on distributivism vs. the pro-capitalist Catholic Church."
Distributivism is not "the communism of the conservatives," however communitarian it might be. G.K. Chesterton, a founder of Distributivism, said, "Too much capitalism does not mean too many capitalists, but too few capitalists."
[For more, see Distributivism and Catholic Social Teaching and "What's Wrong with Distributivism?". Here's another interesting article: G.K. Chesterton and Dorothy Day on Economics:Neither Socialism nor Capitalism.]
I have to admit to knowing next to nothing about economics; only recently has the "dismal science" begun to interest me. Both Marxist and Keynesian ecomomics are hogwash, so I'm divided between The Austrian School and Distributism, a.k.a. Distributivism*.
The Capitalist Response is an article that does an excellent job defending Capitalism against Distributivism from a Catholic point of view. [The Church, of course, has not officially endorsed any economic system, although Catholic teaching can be said to inform both schools.] I disagree, however, with LewRockwell.com's characterization of the article as follows: "The Communism of the Conservatives: John Clark on distributivism vs. the pro-capitalist Catholic Church."
Distributivism is not "the communism of the conservatives," however communitarian it might be. G.K. Chesterton, a founder of Distributivism, said, "Too much capitalism does not mean too many capitalists, but too few capitalists."
[For more, see Distributivism and Catholic Social Teaching and "What's Wrong with Distributivism?". Here's another interesting article: G.K. Chesterton and Dorothy Day on Economics:Neither Socialism nor Capitalism.]
Redeemed by Our Savior, I work out my salvation with fear and trembling in Pohang, South Korea, where I live with my wife, daughter, and son and teach English at a science and technology university. Baptized a Methodist and raised a Missouri Synod Lutheran in Buffalo, NY, I spent six years as a guest of the Anglican Communion before being received by the Grace of God into the One Holy Catholic and Apostolic Church on the Feast of Saint Andrew, my patron, anno domini 2002.
<< Home