Labor Economics and the Development of Papal Social Encyclicals (Essay) Labor Economics and the Development of Papal Social Encyclicals (Essay)

Labor Economics and the Development of Papal Social Encyclicals (Essay‪)‬

Journal of Markets & Morality 2011, Spring, 14, 1

    • $5.99
    • $5.99

Publisher Description

Introduction Catholic social teaching has been the subject of debate among Catholics and non-Catholics alike for over a century. The Catholic Church has instructed and exhorted in the social realm since its existence, yet Pope Leo XIII's encyclical letter Rerum Novarum (1891) is typically identified as the inaugural Catholic social encyclical. Since then, other encyclical letters commonly included under the rubric of Catholic social teaching (CST) are Pius XI's Quadragesimo Anno (1931); John XXIII's Mater et Magistra (1961) and Pacem in Terris (1963); Paul VI's Populorum Progressio (1967); John Paul II's Laborem Exercens (1981), Sollicitudo Rei Socialis (1987), and Centesimus Annus (1991); and most recently Benedict XVI's Deus Caritas Est (2005) and Caritas in Veritate (2009). (1) Economists, philosophers, and social scientists have seized on these documents in an effort to support or attack various economic ideologies. While some have expressed frustration at an apparent lack of economic understanding in the encyclicals, leading to tensions with certain economic laws and laissez-faire principles, it is evident that the social encyclicals as a whole manifest a development in economic understanding, emphasis, and context. This article analyzes the development of economic understanding in the social encyclicals as it pertains to labor concerns. Specifically, it seeks to demonstrate that the encyclicals shift their emphasis from a rather one-sided focus on the responsibilities of the employer (supply side) in providing just economic outcomes to a greater emphasis on the role of the consumer (demand side) in more recent encyclicals. Indeed, future encyclicals could further mitigate tensions by explicitly acknowledging how both supply and demand factors must be taken into account if socioeconomic goals are to be achieved.

GENRE
Business & Personal Finance
RELEASED
2011
March 22
LANGUAGE
EN
English
LENGTH
24
Pages
PUBLISHER
Acton Institute
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
269.4
KB

More Books Like This

Subsidiarity and the Just Wage: Implications of Catholic Social Teaching for the Minimum-Wage Debate (Essay) Subsidiarity and the Just Wage: Implications of Catholic Social Teaching for the Minimum-Wage Debate (Essay)
2009
Social Economics Social Economics
2005
Suspicions of Markets Suspicions of Markets
2016
Stories Economists Tell Stories Economists Tell
2012
What Bearing, If Any, Does the Christian Doctrine of Providence have Upon the Operation of the Market Economy? A Response to Michael T. Dempsey (Essay) What Bearing, If Any, Does the Christian Doctrine of Providence have Upon the Operation of the Market Economy? A Response to Michael T. Dempsey (Essay)
2005
Global Social Economy Global Social Economy
2009

More Books by Journal of Markets & Morality

The Big Short: Inside the Doomsday Machine (Book Review) The Big Short: Inside the Doomsday Machine (Book Review)
2011
Natural Capitalism: Creating the Next Industrial Revolution (Book Review) Natural Capitalism: Creating the Next Industrial Revolution (Book Review)
2000
Milton Friedman on Income Inequality (Critical Essay) Milton Friedman on Income Inequality (Critical Essay)
2008
The Vision of Deuteronomy 15 with Regard to Poverty, Socialism, And Capitalism (Critical Essay) The Vision of Deuteronomy 15 with Regard to Poverty, Socialism, And Capitalism (Critical Essay)
2006
Caritas in Veritate, Hybrid Firms, And Institutional Arrangements. Caritas in Veritate, Hybrid Firms, And Institutional Arrangements.
2011
Smith and Tocqueville on the Commercial Ethos (Adam Smith and Alexis de Tocqueville) (Essay) Smith and Tocqueville on the Commercial Ethos (Adam Smith and Alexis de Tocqueville) (Essay)
2010