Monday, July 02, 2007

The Vocation of Business

by John Médaille



The overriding theme of this book is that the original unity of distributive and corrective justice that prevailed in both economics and moral discourse until the 16th and seventeenth centuries was shattered by the rise of an individualistic capitalism that relied on corrective justice (justice in exchange) alone. But an economics that lacks a distributive principle will attain neither equity nor equilibrium and will be inherently unstable and increasingly reliant on both government power (Keynesianism) and consumer credit (usury) to correct the imbalances. Catholic social teaching, by contrast, emphasis a greater equity in the distribution of land and other means of production, and the just wage, and thereby leads more naturally to economic equilibrium and social justice. Finally, the book shows many examples of functioning systems, both large scale and small, that operate on the principles taught by the Church and produce a high degree of both equity and equilibrium.


-John Médaille

In this remarkable book John Médaille succeeds in showing how the more radical elements in Catholic Social teaching can be turned into really practical projects for building an alternative to capitalism. He shows that the key is to alter the culture of the business and the corporation in order to ensure that political and economic purposes, distributive and corrective justice become once again integrated, as classical philosophy and Christian theology alike demand. *The Vocation of business* supplies us at last with some keys for the turning of Christian critique of liberalism into a new from of effective practice.


-John Milbank University of Nottingham

John Médaille has produced a tour de force - a book that manages to give the reader just enough insight into the various thinkers and subjects treated without overloading the reader and without missing anything important out. The careful yet unequivocal judgement on neoconservatism and the chapter on Distributism are particuarly good.


-Helen Alford OP, Dean, Faculty of Social Sciences, The Angelicum

Note: To all readers, pdf files containing sample chapters are located in the links section of the sidebar. For more information, please visit John Médaille's website. We strongly recommend his book to all the readers of The ChesterBelloc Mandate.

The Vocation of Business
Copyright © 2007 John C. Médaille
Links and files used by permission of the author

Interview with Thomas Storck

On Cooperative Ownership

John Médaille Interview in Romania

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