Church And The Market

Overview

In The Church and the Market: A Catholic Defense of the Free Economy, Thomas E. Woods Jr. makes a vigorous argument in favor of the market economy from a Catholic perspective. Filling a lapse in the debate on the role of religious thought in economic theory, Woods's uncompromising position, informed by the history of Catholic economic thought, shows that the long-seen contradiction between Catholic faith and support for the market economy does not exist. With attention to detail on almost all aspects of the free ...

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Overview

In The Church and the Market: A Catholic Defense of the Free Economy, Thomas E. Woods Jr. makes a vigorous argument in favor of the market economy from a Catholic perspective. Filling a lapse in the debate on the role of religious thought in economic theory, Woods's uncompromising position, informed by the history of Catholic economic thought, shows that the long-seen contradiction between Catholic faith and support for the market economy does not exist. With attention to detail on almost all aspects of the free market, from the Federal Reserve System and inflation to antitrust legislation and labor issues, this book provides essential background for anyone interested in balancing issues of social conscience with modern economic principles.

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Editorial Reviews

Crisis
Woods is an all-too-rare Catholic writer, one who is well versed in both Church doctrine and free-market economics.... The Church and the Market is a valuable book.
Journal Of Markets and Morality
A person with no interest at all in Catholic social thinking can still benefit from [The Church and the Market]. The author writes with splendid clarity, succeeding in explaining not-so-simple economic questions in very simple terms.... A fine contribution to the debate concerning the possible and proper reconciliation of Catholic social doctrine with free-market economic
Mises Review
Woods, one of the best classical liberal scholars of his generation, has once more placed us in his debt with this lucid and tightly argued book.
Quarterly Journal Of Austrian Economics
A highly readable book that reflects much effort by a serious and gentlemanly scholar.
Heterodox Economics Newsletter
The Church and the Market makes a convincing case that the 16th Century Scholastics anticipated elements of Austrian economics. More generally, it shows that religion is not necessarily antithetical to an appreciation of what the study of economics can offer....Woods' contribution is that he reminds us of the theological origins of many economic concepts that we teach our undergraduates today.
Journal of Markets and Morality
A person with no interest at all in Catholic social thinking can still benefit from [The Church and the Market]. The author writes with splendid clarity, succeeding in explaining not-so-simple economic questions in very simple terms.... A fine contribution to the debate concerning the possible and proper reconciliation of Catholic social doctrine with free-market economic
Edward Feser
Woods' book is a welcome antidote to the various combinations of economic incompetence and self-righteous posturing - "liberation theology," New Deal welfarism, social democratic interventionism, distributism - that too often masquerade as the only "authentic" interpretations of Catholic social teaching. Every Catholic - and especially every Catholic bishop - ought to consider its arguments before speaking out on economic policy.
Samuel Bostaph
Thomas Woods uses the unique perspective of the Austrian School of Economics to present a clear, compelling, and uncompromising argument that the moral teachings of the Catholic Church are completely compatible with free market capitalism. Arguing that faith should be coupled with the best of secular science in policy advocacy, Woods also shows that some elements of Catholic social doctrine are the unfortunate result of factual error rather than the application of moral principle.
William R. Luckey
Finally, someone who truly understands the science of economics has given us the most thorough examination of Catholic Social Teaching yet available. I highly recommend . . . to all desiring to see the Catholic Church's role in the economic realm in a proper light. It should be required reading for priests, bishops, and seminarians, as well as clerics of other denominations, as a remedy for the socialism that has crept into religious circles over the past century.
Christopher Westley
The Church and the Market is an essential tool for the Catholic free-market intellectual who is fighting the pro-state biases that too often set the terms for economic discussions of modern Catholic social teaching. From welfare and wage policies to distributist demagoguery, Woods speaks classical liberal truth to today's dominant modernist authorities, challenging them to accept at least a modicum of economic rigor into their analyses. As a result, he provides an important contribution toward defining the correct context of Catholic social teaching for the next century.
Anthony Flood
Woods' coverage of a vast terrain (economics, history, theology, philosophy, and politics) is concise, but not breezy.... The best writing draws attention to itself only after it has been read. If the reader reflects on the human source of his literary delight, he may feel a debt of gratitude such as I felt after reading each of Woods' chapters. Woods' firm literary hand assures the reader that he is not in over his head and delivers a work that, for all its learning, goes down smoothly.
Journal of Markets & Morality
A person with no interest at all in Catholic social thinking can still benefit from [The Church and the Market]. The author writes with splendid clarity, succeeding in explaining not-so-simple economic questions in very simple terms.... A fine contribution to the debate concerning the possible and proper reconciliation of Catholic social doctrine with free-market economic
Crisis
Woods is an all-too-rare Catholic writer, one who is well versed in both Church doctrine and free-market economics.... The Church and the Market is a valuable book.
Economic Affairs
Should be required reading for any university or seminary course in social sciences that is supposed to be grounded in Catholic social teaching. Woods puts his case with such rigor and lucidity that there is probably no other text that is more effective in supporting a discussion of the application of the Church's social teaching to specific economic issues.
Christian Social Thought
A fine contribution to the debate concerning the possible and the proper reconciliation of Catholic social doctrine with free-market economics. Professor Woods finds an interesting niche in such a complex and uneven discussion…the author writes with splendid clarity, succeeding in explaining not-so-simple economic questions in very simple terms.
Homiletic and Pastoral Review
Woods' central message, that sound moral statements about economic issues have to be grounded in sound economics is to my mind incontrovertible. And, in the main, Woods brings this message home with well-reasoned and well-presented analysis. Both the message and the analysis deserve careful reflection.
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Product Details

  • ISBN-13: 9780739110355
  • Publisher: The Rowman & Littlefield Publishing Group Inc
  • Publication date: 2/3/2005
  • Series: Studies in Ethics and Economics Series
  • Edition description: Dual Edition
  • Pages: 250
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.69 (d)

Meet the Author

Thomas E. Woods Jr., who received his Ph.D. from Columbia University, is the author of theNew York Times bestsellerThe Politically Incorrect Guide to American History. He has written over 150 articles for popular and scholarly periodicals and is a frequent commentator on radio and television.The Church and the Market is his fourth book.

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Table of Contents

1 In defense of economics 13
2 Prices, wages, and labor 41
3 Money and banking 87
4 The economics and morality of foreign aid 129
5 The welfare state, the family, and civil society 147
6 Answering the distributist critique 161
7 In Omnibus, Caritas 213
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