From The Wealth of Nations to Populorum Progressio (On the Development of Peoples): Wealth and Development from the Perspective of the Catholic Social Thought Tradition

Abstract

AbstractCatholic social thought (CST) looks at economic development from the broader framework of authentic human development. It is only by viewing both man's dignity and his social nature that we include the full nature of the human being. In CST wealth is understood based on its role in promoting authentic human development. Wealth is a gift from God, with humans participating in its creation, and its creation, distribution, and its use must be carried out in a manner that respects God's law (justice and charity). Furthermore, man should never place wealth above God or above humans. Those who control wealth have special responsibilities with regards to their use of it; thus the right of private property is always restricted by the social responsibility to use it towards the common good. The goal must be the development of the whole person and all people. Wealth is socially created and thus must be distributed, at least partially, among the entire community. Economic development needs to be grounded in social justice and its two co‐principles, charity and justice. Grounding economic development in the authentic development of the person means placing the people of the poor countries at the center of their development drama, both as the leading actors and as the directors.