Description
These collected essays, with a compelling introduction by Adrian Pabst, offer a much-needed moral analysis of Western political economy in the wake of the 2008 financial crisis. Pope Benedict’s social encyclical Caritas in Veritate poses a challenge to integrate ‘quotas of gratuitousness and communion into economic activity’, a challenge which is here given serious academic attention by a number of highly respected contributors.
The essays provide a number of unique perspectives on the encyclical and what it means for the future of Western economics. Among many fascinating angles of approach is Eugene McCarraher’s hard-hitting critique of the union of capitalism and Christianity in the modern West, and John Milbank’s assertion that economy should be subordinate to social reciprocity. Contributors make a rigorously academic analysis of contemporary economics, and apply Anglican and Roman Catholic thought to reveal ways in which the economy can be converted into a progressive instrument for the common good.
The Crisis of Global Capitalism will be of great interest to anyone seeking a moral critique of contemporary political economy which also provides a vision of future change rooted in Christian ethics.
