Chapter

Economics and Business in a Catholic Framework

John J. Piderit

in Teaching the Tradition

Published in print February 2012 | ISBN: 9780199795307
Published online May 2012 | e-ISBN: 9780199932894 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199795307.003.0019
Economics and Business in a Catholic Framework

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A competitive, free market economy allocates resources efficiently, though not necessarily fairly. All countries gain from international trade. A Christian is supposed to give priority to promoting Christ and the Kingdom of God. Using one's imagination and freedom to generate goods for the well-being of all is also a fundamental responsibility. In baptism Christians, dying to their old ways, enter into a new life with Christ. Letting Christ rule their economic lives is difficult because modern society suffers from various addictions, especially consumerism. Christian consumers should devise reasonable strategies to shield them from economic addictions. A Christian producer should bring to market only goods that primarily promote human flourishing. A Catholic producer should explain to employees not only the economic benefits of goods produced by the firm but also their moral or religious benefits. Every Christian has a grave responsibility to be generous. Christians are to rely on Christ, not their wealth. Wealthy Christians must have a good strategy so that they are not led astray by their wealth. American Christians also need a good, practical strategy for sharing their wealth with the poor of the world as well as the poor in their neighborhood.

Keywords: economics; business; welfare economics; international trade; consumerism; poverty; Christ; Gospel; entrepreneur; competition

Chapter.  9332 words. 

Subjects: Religious Studies

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