As western economies have moved from feudalism to industrialism to the information age, Catholic social thought has kept pace, responding to the economic realities of the day. Linking Catholic social teaching with modern economic theory, Albino F. Barrera examines the changing political economy embedded within the moral theology and social justice documents issued by the Church during the last hundred years. Barrera discusses the evolution of Catholic social teachings, from scholastic thinking on the concept of the "just price" to a modern emphasis on the importance of a living wage. As the conduct of economic life according to traditional custom and common law has given way to institutional and impersonal market forces, these teachings have moved from a preoccupation with personal moral behavior to an intense scrutiny of the structures of society. Amidst these changes, the Church's social documents have sought to address systemic shortcomings as a means of promoting the common good through economic justice. Barrera also looks ahead to the challenges posed by a postindustrial society characterized by a global, knowledge-based economy, arguing that Catholic social thought will likely shift its focus from advocacy of the living wage to demands for greater equality of socioeconomic participation. Written for scholars and students of economics, theology, and political science interested in religious social thought, this book bridges the gap between moral theology and economic theory.

Including contributions from twenty-two leading moral theologians, this volume is the most thorough assessment of modern Roman Catholic social teaching available. In addition to interrogations of the major documents, it provides insight into the biblical and philosophical foundations of Catholic social teaching, addresses the doctrinal issues that arise in such a context, and explores the social thought leading up to the "modern" era, which is generally accepted as beginning in 1891 with the publication of Pope Leo XIII's Rerum Novarum. The book also includes a review of how Catholic social teaching has been received in the United States and offers an informed look at the shortcomings and questions that future generations must address. This second edition includes revised and updated essays as well as two new commentaries: one on Pope Benedict XVI's encyclical Caritas in Veritate and one on Pope Francis's encyclical Laudato Si'. An outstanding reference work for anyone interested in studying and understanding the key documents that make up the central corpus of modern Catholic social teaching.

In the decade since the financial crisis of 2008, governments around the world have struggled to develop strategies to stabilize precarious markets, encourage growth, and combat mounting wealth inequality. In the United States, the recovery from that crisis has exacerbated the fears of the working and middle classes and pitted those classes against the wealthy. Although we participate every day in economic life as workers, consumers, employers, or activists, we often experience the economy as a mysterious force that we cannot control, or fully understand. Matthew Shadle argues that Catholics ought to be able to draw on their faith to help navigate and make sense of economic life, but too often the effort to get ahead or just stay afloat drowns out faith's appeal. Interrupting Capitalism proposes a new strategy for Christian economic discipleship. Rather than engage the two theological poles of continuity and rupture, Christians should interrupt capitalism: neither whole-heartedly endorsing global capitalism nor seeking to dismantle it. This means "breaking into" the economy, embracing those aspects that enhance human well-being while transforming the market in a spirit of solidarity. Shadle argues that all three of the dominant theological approaches dealing with economic life-the progressive, neoconservative, and liberationist-are theologies of continuity. A fourth approach, a communitarian one, he believes, can best embody the strategy of interrupting capitalism. The Catholic tradition, including its tradition of social teaching, provides a cultural structure that, along with their own social context, conditions how Catholics think about and engage in economic activity. Drawing on the resources of the tradition, theologians reflect on this activity, giving it a theoretical justification and offering correctives. Both the experience of ordinary Catholics and the work of theologians feed into new articulations of Catholic social teaching. Offering an overview of Catholic thought since the Second World War, Shadle begins with the experience of Catholics in Western Europe at mid-century, moving to Latin America and the United States in the 1970s and 80s, and then concluding with the phenomenon of globalization.

"Novak is to be commended for raising the question of liberty in connection with economic justiceThis volume makes a significant contribution to the discussion of Catholic social thought and contemporary economic policies." --John T. Pawlikowski, O.S.M, Theology Today

The impact of the industrial revolution on the social structures of industrialized nations posed a difficult challenge to the Catholic Church and its Popes. In the struggle for human and economic status, should the Church side with the new working class or with capitalist barons who, along with the old aristocracy, identified themselves as upholders of Christian civilization? In this history of papal social teaching, Joe Holland tells how the popes at first backed the status quo. Then, with the accession of Pope Leo XIII in 1878, a seismic shift took place. Leo's encyclical Rerum novarum was the first authoritative Church voice to declare that laboring people have rights--the right to fair wages, to decent living conditions, the right to organize labor unions and even to strike. Henceforth the notion of civilization, at least for the Church, would be grounded in the lives and aspirations of working people. Modern Catholic Social Teaching traces this historic shift as it played out in the writings of Leo and the popes who followed him: Pius X, Benedict XV, Pius XI, and Pius XII. These popes supported Leo's encyclical and even elaborated it as European history experienced the emergen