Cathonomics

How Catholic Tradition Can Create a More Just Economy

Anthony M. Annett, Jeffrey D. Sachs

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English

Georgetown University Press
10 January 2022

Roman Catholicism, Roman Catholic Church; Christian social thought & activity

Inequality is skyrocketing. In this world of vast riches, millions of people live in extreme poverty, barely surviving from day to day. All over the world, the wealthy's increasing political power is biasing policy away from the public interest and toward the financial interests of the rich. At the same time, many countries are facing financial fragility and diminished well-being. On top of it all, the global economy, driven by fossil fuels, has proven to be a collective act of self-sabotage with the poor on the front lines. In a new foreword to his book, Anthony M. Annett examines the Biden administration's economic policies and discusses reactions to Cathonomics.

A growing chorus of economists and politicians is demanding a new paradigm to create a global economy that seeks the common good. In Cathonomics, Annett unites insights in economics with those from theology, philosophy, climate science, and psychology, exposing the failures of neoliberalism while offering us a new model rooted in the wisdom of Catholic social teaching and classical ethical traditions. Drawing from the work of Pope Leo XIII, Pope Francis, Thomas Aquinas, and Aristotle, Annett applies these teachings to discuss current economic challenges, such as inequality, unemployment and underemployment, climate change, and the roles of business and finance.

Cathonomics is an ethical and practical guide for readers of all faiths and backgrounds seeking to create a world economy that is more prosperous, inclusive, and sustainable for all.

By: Anthony M. Annett
Foreword by: Jeffrey D. Sachs
Imprint: Georgetown University Press
Country of Publication: United States
Dimensions: Height: 241mm, Width: 165mm,
Weight: 680g
ISBN: 9781647121426
ISBN 10: 1647121426
Pages: 344
Publication Date: 10 January 2022
Recommended Age: From 18 years
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

Foreword by Jeffrey D. Sachs Preface Abbreviations 1. The Old Stuff: Where It All Comes From 2. The New Stuff: Modern Catholic Social Teaching 3. Who’s Right and Who’s Wrong: Catholic Social Teaching versus the Dominant Economic Paradigm 4. The Good, the Bad, and the Ugly: Practically Assessing the Global Economy 5. Who Does What? The Roles of Government, Business, and Labor 6. Inequality: The Root of Social Ills 7. Care for Our Common Home 8. Expanding Our Circles: The Global Dimension Conclusion Bibliography About the Author

Anthony M. Annett is a Gabelli Fellow at Fordham University and a senior adviser at the Sustainable Development Solutions Network. He has a PhD in economics from Columbia University and spent two decades at the International Monetary Fund, where he worked as a speechwriter to the managing director. He is also a member of the College of Fellows of the Dominican School of Philosophy and Theology.

Reviews for Cathonomics: How Catholic Tradition Can Create a More Just Economy

Tony Annett has written an excellent book arguing the contrary position. There is indeed a Catholic tradition of economics—or at least, a body of teaching on social questions which offer an alternative to the current economic orthodoxy. * Ownership Matters * 'Cathonomics' deserves to be included in the reading list for any course of study related to Catholic social teaching at every level from college, high school and parish discussion groups...Please read this book and discuss it at your parish and in your communities. You will find it a rewarding experience. * Catholic News Service * Economist Anthony Annett has delivered a book that should be required reading not only for those of us who have long been interested in Catholic social doctrine, but for anyone who is serious about bringing their Catholic faith to bear on decisions relating to public life. * National Catholic Reporter * Anthony Annett ... brings us Cathonomics, a fascinating perspective on how Catholic Social Thought (CST) can inform efforts 'to create a world economy that is more prosperous, inclusive, and sustainable for all.' * Irish Times * Annett's reflections brilliantly combine heart, head, and hand the book is a valuable contribution towards the efforts being made to achieve a more just economy that promotes equity and environmental sustainability. * Journal of Economics, Theology and Religion * The book's accessible language advances its critique of the neo-liberal toxic individualism and solidifies its argument on the naturality of civic economics and economic solidarity. * American Catholic Studies * [Annett] argues with precision, clarity and persuasive power for robust intervention in markets, by government and other actors, to harness economic growth at the service of human flourishing. * Studies in Christian Ethics *