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Classics of Catholic Economics

Nathan Schneider

September 10, 2015

In this issue, Nathan Schneider writes about Pope Francis’s economics. Here, he recommends five books of Catholic thought that display strikingly similar concerns to those of secular activists today. Each one emphasizes the wisdom of ordinary people. “In church each week,” Schneider says, “I learn Catholic economics from the diversity of classes and colors who meet under the image of an executed radical.”

 

Francis and Clare: The Complete Works Translated by Regis J. Armstrong Paulist Press, 1988 Buy This essay collection brings together the complete works of two of Catholicism’s greatest proponents of virtuous poverty. Francis of Assisi, from whom the present pope took his name, brought renewal to the medieval church by stressing the wisdom of poverty over that of wealth. His friend Clare, who founded the women’s order of Franciscans (subsequently called the Poor Clares), fiercely defended that vision. She insisted that her sisters should govern themselves and reminded them: “The Lord often reveals what is best to the lesser [among us].”

 

Distributive Justice: The Right and Wrong of Our Present Distribution of Wealth by John A. Ryan 1916 Buy/Read In the ongoing labor strife before the New Deal, Minnesota-born Monsignor Ryan was a prominent defender of such radical proposals as a minimum wage and shorter working hours. In Distributive Justice, he surveys democratic, cooperative enterprises and finds in them not only efficiency and justice but “the mechanism and the atmosphere for a greater development of the altruistic spirit than is possible under any other economic system.”

 

Easy Essays by Peter Maurin Franciscan Press, 1977 Buy/Read Born to a family of poor farmers in France, Maurin went on to cofound the Catholic Worker movement with Dorothy Day in New York City, championing its agrarian tendency. He wrote melodic, didactic poems that extolled “a philosophy so old that it looks like new”—including notions toxic to industrial capitalism, such as the ancient prohibition on usury and the need for local communities to organize, govern, and feed themselves.

 

Small Is Beautiful: Economics as if People Mattered by E.F. Schumacher Harper Perennial, 1989 Buy/Read

This standby of dusty bookstores appeared in 1973, two years after its author, a prominent British economist, converted to Catholicism. He quotes Pope Pius XI, but there’s also a chapter on “Buddhist economics.” Prefiguring Pope Francis, Schumacher recognized the failure of mainstream economics to account for the natural world and outlined an economy that rests not on maximizing production or accumulation, but on the pursuit of balance and communal flourishing.

 

Mujerista Theology: A Theology for the 21st Century by Ada María Isasi-Díaz Orbis Books, 1996 Buy

On the basis of ethnographic interviews rather than abstract reflection, Cuban theologian Isasi-Díaz developed a branch of liberation theology that centers on the lived experience and faith of Latina women. She looked to the margins of society, as Clare and Francis did, to renew a religion often employed to marginalize. Rejecting trickle-down logic, this method begins with hearing the wisdom of the poor and practicing solidarity with their struggles.

Nathan SchneiderNathan Schneider is a journalist and assistant professor in media studies. He is the author, most recently of Everything for Everyone: The Radical Tradition That Is Shaping the Next Economy. His current project is an exploration of models for democratic ownership and governance for online platforms and protocols. He is founder of the Media Enterprise Design Lab.


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