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The Crisis of Global Capitalism - Pope Benedict XVI's Social Encyclical and the Future of Political Economy (Paperback, New)
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The Crisis of Global Capitalism - Pope Benedict XVI's Social Encyclical and the Future of Political Economy (Paperback, New)
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Synopsis: This collection of essays outlines a newpolitical
economy. Twenty years after the demise of Soviet communism, the
globalrecession into which free-market capitalism has plunged the
worldeconomyprovides a unique opportunity to chart analternative
path. Both the left-wing adulation of centralized statism and
theright-wing fetishization of market liberalism are part of a
secular logicthatis collapsing under the weight of its own inner
contradictions. It issurelyno coincidence that the crisis of global
capitalism occurs at the same time asthe crisis of secular
modernity. Buildingon the tradition of Catholic social teaching
since the groundbreakingencyclicalRerum Novarum(1891), PopeBenedict
XVI'sCaritas in Veritateis the most radical intervention in
contemporarydebates on the future of economics, politics, and
society.Benedict outlines aCatholic "third way" that combines
strict limits on state and market power witha civil economy
centered on mutualistbusinesses, cooperatives, credit unions, and
other reciprocal arrangements. Hiscall for a civil economy also
representsa radical"middle" position between an exclusively
religious and a strictlysecular perspective. Thus, Benedict's
vision for an alternative politicaleconomy resonates with people of
all faiths and none. Endorsements: "The current economic crisis is
in fact a deeper crisis of cultural imagination and civilizational
ethics. This collection of bold and provocative readings of Caritas
in Veritate displays an intellectual verve unafraid to think beyond
the fragmentations of modernity. By fully exploring the ontology of
communion and gift, I believe this collection bears witness to the
kind of daring discourse Pope Benedict XVI wanted to ignite. What
is more, I believe the essays exemplify the kind of fruitful
dialogue needed, not only for an adequate response to the crisis of
Western civilization, but also to realize an economy that would
facilitate the flourishing of the human heart. Adrian Pabst is to
be commended for realizing this collection of excellent essays."
-Javier Martinez Fernandez Archbishop of Granada "Anyone interested
in finding a 'third way' between today's barely regulated
capitalism and state socialism will find much to reward them in
this collection. It goes beyond the rigid limitations of
contemporary liberal thinking in order to explore some of the
crucial resources, intellectual and cultural, that we need to
devise a new politics of the Left." -Charles Taylor author of A
Secular Age "Caritas in Veritate is the first papal encyclical that
addresses issues immediately relevant for economic and social
theory. It also embodies challenges that concern directly the
academic community of economists, in particular the nature and
scope of the firm, the market and profit. The reading of this
important book is the best way for engaging with these themes and
discovering the significance of Caritas in Veritate in the present
theoretical debate." -Luigino Bruni co-author of Civil Economy
Author Biography: Adrian Pabst is Lecturer in Politics at the
University of Kent at Canterbury, UK, and teaches political economy
at the Institut d'Etudes Politiques de Lille (Sciences Po), France.
He is the author of Metaphysics: The Creation of Hierarchy (2012).
General
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