Category Archives: Economics

Sovereignty and Markets

God first of all is Sovereign and this is expressed in his Power and Providence. He creates all things and governs them with an absolute supremacy. A particular act of an authority is the dispensation or delegation of authority to … Continue reading

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Private Property in Rerum Novarum

It is very interesting to read Pope Leo XIII’s defense of private property in Rerum Novarum. Rather than focusing on the classic defenses of private property (1. men are more attentive with their own possessions, 2. human affairs are more … Continue reading

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Private Property and Natural Law

Private property is not something demanded by the natural law for we do not find in things the nature of being owned by particular individuals. Rather we find that things are good for men generally rather than a particular man. … Continue reading

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Authority and Markets

*This is a tentative theory and only a beginning. Proceeding along the method of the Philosopher, let us consider first the simplest and most basic form of the polis, that is the household. In the household, the head or sovereign … Continue reading

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Liberalism and the Free Market

If we take free market to be the position that the State (i.e. the political authority) should not act in the market, is this a liberal position and if not is it still coherent? It seems that the free market … Continue reading

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Notes on Authority IV

Ownership of different kinds of things probably differs. A power differs specifically with respect to its object as sight differs from hearing as the object of the first is color and the second sound. However, the distinction between ownership and … Continue reading

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Ownership and Slavery

Ownership is the kind of authority that involves a real power to order things to certain ends. It is clear that humans can do this with respect to inanimate objects. We take advantage of a things nature teleology¬†or directedness, but … Continue reading

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