Articles

Catholic teaching on usury and interest – continuity amidst change

Carlo Crivelli, Public domain, via Wikimedia Commons

Finance and banking are institutions heavily associated in most people’s minds with modernity and the development of modern economies. While there is a certain truth to that, in the sense that the scale and reach of such institutions accelerated in the nineteenth century, it disguises the fact that most of the tools, methods and institutions associated with modern finance attained their mature form in the Catholic world of mediaeval Europe.

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Mental health, spiritual wellbeing and COVID-19

Mental health

In the interest of the common good, every citizen has a responsibility to promote the mental health of all the members of our society, including ourselves, and of our local communities. The Church believes that life is worth living. Life matters. It is a precious gift to be cherished. Our fulfilment and destiny come from a living relationship with Jesus Christ through faith, nourished by the sacraments and the support of the Church community. Prayerful support of those who care about the mental health of every member of the community also assists in this great work of Christian concern.
Statement from Bishop Richard Moth on the World Mental Health Day 2019

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The truth and freedom

It appears so simple: whoever believes he holds the truth is a threat to freedom. Or, as was stated in Centesimus annus by John Paul II: “…those who are convinced that they know the truth and firmly adhere to it are considered unreliable from a democratic point of view since they do not accept that truth is determined by the majority, or that it is subject to variation according to different political trends…” (Centesimus Annus, 46).

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Catholic Social Teaching in Context – The Conflict in Northern Ireland

Catholic Social Teaching in Context - The Conflict in Northern Ireland

In this post, Maria Power of the Las Casas Institute for Social Justice, University of Oxford, looks at the conflict in Northern Ireland through the lens of Catholic social teaching, drawing on the important research in her new book Catholic Social Teaching and Theologies of Peace: Cardinal Cahal Daly and the Pursuit of the Peaceable Kingdom, available from Routledge.

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Economists can join the brotherhood too

Fratelli Tutti

In his recent encyclical, Fratelli Tutti, Pope Francis was reported to be highly critical of market economics and there was a strong press response on this issue. This post argues that there is much more to the encyclical than the short sections on economics. At the same time, there is much more to the arguments for market economies than the encyclical gave credit for. This post was first published in The Tablet and is reproduced with kind permission.

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Taking and returning liberties

AJP Taylor wrote in his Oxford History of England:

Until August 1914 a sensible, law-abiding Englishman could pass through life and hardly notice the existence of the state beyond the post office and the policeman…He could travel abroad or leave his country forever without a passport or any sort of official permission. He could exchange his money without restriction or limit. He could buy goods from any country in the world on the same terms as he bought goods at home. For that matter a foreigner could spend his life in the country without permit and without informing the police…All this was changed by the impact of the Great War…The state established a hold over its citizens which though relaxed in peace time, was never to be removed and which the Second World War was again to increase. The history of the English people and the English State merged for the first time.

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Tax transparency: some moral and economic considerations

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Price transparency and visibility are vital components of consumer protection in fair markets: laws and regulations protect consumers’ rights by requiring businesses to ensure their prices are visible and transparent. This is especially important when people purchase complex financial products. However, when it comes to tax, the term ‘tax transparency’ has come to signify exclusively the transparency of taxpayers’ financial affairs (referring to initiatives such as cross–national exchange of tax–related information by tax authorities), while transparency of the tax burden borne by individuals themselves receives little attention. Most people are not aware of the total amount of tax they pay and studies show that they under-estimate the amount of tax they pay substantially.

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© Catholic Social Thought 2020