Reseña de The Late-Scholastic and Austrian Link to Modern Catholic Economic Thought (Critical Essay)

The Late-Scholastic and Austrian Link to Modern Catholic Economic Thought (Critical Essay) de Journal of Markets & Morality Resumen del Libro

In the foreword to a seminal work on Late-Scholastic economic thought, the social theorist Michael Novak suggests a link between the Austrian School of economics and the then-emerging Catholic emphasis on economic enterprise and the business economy. (1) By studying the thought of the Late Scholastics, he wrote, "the Catholic Church will gain by a deeper understanding of her own tradition ... in the economic as well as in the political domain." (2) Novak wrote before the appearance of Centesimus Annus, the fullest and most developed presentation of papal economic thought in the Post-Conciliar Era. Major sections of this document offer a sympathetic presentation of market economics, along with a qualified endorsement of institutions that distinguish market economies from socialist and mixed systems. Pope John Paul II also engages in exegesis on specific features of the market that comply with Catholic moral and social teaching.

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