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Hilaire Belloc’s thinking on the economy constitutes, by its originality and acuity, a heterodox approach of the greatest interest in addressing the economic problems of his time and those of our own. Belloc’s main interest as a writer were on economics and history, and his works were praised by economists such as F. A. Hayek or Wilhelm Röpke and political philosophers such as Robert Nisbet and Russell Kirk, but his contributions have been often overlooked. To address that oversight, this book inserts Belloc ́s ideas into the academic dialogue on economics. Despite not being a trained economist, Belloc developed his thought based on a coherent system rooted in original elements such as the scholastic tradition. Belloc’s Christian or “post-scholastic” economics updates and renews many of the scholastic concepts to make them applicable to the economy of the world he knew. Issues such as the impossibility of socialism, entrepreneurship, the effects of monetary policy and credit on economic cycles, or the sustainability of the welfare state were studied by Belloc from a very singular perspective. Describing and interpreting the economic thought of Belloc, the book will be of interest to scholars and students, as well as general readers, interested in heterodox perspectives on economics.
This book lays out, in very broad outline, Belloc's version of European economic history, starting with ancient pagan states, in which slavery was critical to the economy, through the medieval Christendom process which transformed an economy based on serf labour in a state in which the property was well distributed, to 19th and 20th century capitalism. Belloc argues that the development of capitalism was not a natural consequence of the Industrial Revolution, but a consequence of the earlier dissolution of the monasteries in England, which then shaped the course of English industrialisation. English capitalism then spread across the world.
This short work is a program for property distribution as an alternative to how it is planned by socialist states or naturally happens in capitalist societies. It is a landmark of European social thought, attempting to rectify the wrongs in both of the major economic theories by approaching the problem from an entirely new angle. The essay is thus an anticapitalist and antisocialist work of Christian and Catholic social thought in which basic truths about society and human nature are applied to socioeconomics. It is a manifesto and a program for the Distributist League, of which Belloc and G.K. Chesterton were the primary figures. It marks a key point in the history of economic thought, and it is a fundamental text illustrating the influence of religion and philosophy on social thought and their practical application to societal questions.
With access to previously unpublished material in the form of Hilaire Belloc's letters and photographs, Pearce's major new biography uncovers a romantic, complex, and solitary character. Illustrations.
In this new edition of a classic work, the great Catholic apologist and historian Hilaire Belloc examines the five most destructive heretical movements in Christianity: Arianism, Mohammedanism (Islam), Albigensianism, Protestantism, and Modernism. Belloc describes how these movements began, how they spread, and how they have continued to influence the world. He accurately predicts the re-emergence of militant Islam and its violent aggression against Western civilization. When we hear the word "heresies", we tend to think of distant centuries filled with religious quarrels that seemed important at the time but are no longer relevant. Belloc shows that the heresies of olden times are still with us, sometimes under different names and guises, and that they still shape our world.
Taking "free markets" from rhetoric to reality For three decades free-market leaders have tried to reverse longstanding Keynesian economic policies, but have only produced larger government, greater debt, and more centralized economic power. So how can we achieve a truly free-market system, especially at this historical moment when capitalism seems to be in crisis? The answer, says John C. Medaille, is to stop pretending that economics is something on the order of the physical sciences; it must be a humane science, taking into account crucial social contexts. Toward a Truly Free Market argues that any attempt to divorce economic equilibrium from economic equity will lead to an unbalanced economy—one that falls either to ruin or to ruinous government attempts to redress the balance. Medaille makes a refreshingly clear case for the economic theory—and practice—known as distributism. Unlike many of his fellow distributists, who argue primarily from moral terms, Medaille enters the economic debate on purely economic terms. Toward a Truly Free Market shows exactly how to end the bailouts, reduce government budgets, reform the tax code, fix the health-care system, and much more.
Hilaire Belloc presents the Distributist economic vision of "the way out" in a series of brilliant articles never before published in book form. With an introduction by Dr. Robert Phillips.