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"Economics is essentially a matter of Morality"


"We must resist deluding ourselves....The economic system in place is a result of human actions, and any injustices

to be found there point to individuals and the decisions they make. God promised us a world that could sustain us.

The rest is our doing."


Anthony Basile, Ph.D

"CST vs. the Right and Left"






A Catholic Framework for Economic Life

The 10 Principles

U.S. Bishops,



   1.  "The economy exists for the person, not the person for the economy."



   2.  "All economic life should be shaped by moral principles. Economic choices and institutions must be judged by how they

          protect or undermine the life and dignity of the human person, support the family, and serve the common good."



   3.  "All people have a right to life and to secure the basic necessities of life (e.g., food, clothing, shelter, education, health care,

          safe environment, economic security)."



   4.  "All people, to the extent they are able, have a corresponding duty to work, responsibility to provide for the needs of their families,

         and an obligation to contribute to the broader society."



   5.  "The global economy has moral dimensions and human consequences. Decisions on investment, trade, aid and development should

          protect human life and promote human rights, especially for those most in need wherever they might live on this globe."



   6.  "In economic life, free markets have both clear advantages and limits; government has essential responsibilities and limitations;

          voluntary groups have irreplaceable roles, but cannot substitute for the proper working of the market and

          the just policies of the state."



   7.  "Society has a moral obligation, including governmental action where necessary, to assure opportunity, meet basic human needs

          and pursue justice in economic life."



   8.  "Workers, owners, managers, stockholders and consumers are moral agents in economic life. By our choices, initiative, creativity 

          and investment, we enhance or diminish economic opportunity, community life, and social justice."



   9.  "All people have the right to economic initiative, to productive work, to just wages and benefits, to decent working conditions as well

          as to organize and join unions or other associations."

   10.  "A fundamental moral measure of any economy is how the poor and vulnerable are faring."

Office of Social Development & World Peace
National Conference of Catholic Bishops/

United States Catholic Conference