Overview

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.

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9781647124724

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Reviews

"'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"" 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"" 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"" 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"" 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"""

Author Information

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.

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