November 28, 2005

The Church and the Market

...is a book from Thomas Woods that came out earlier this year. The first review, by a Steve Jackson, makes an interesting read:
Professor Thomas Woods is an interesting author: a traditionalist Catholic who is also a supporter of the free market economy....The book ends with a strong critique of distributism, which seeks a larger distribution of private property in the hands of workers. Chesterton and Belloc, among others, advocated distributism. Many traditionally minded Catholics see distributism as a "third way" between capitalism and socialism. But as Prof. Woods points out, the only institution which has the power to redistribute property on a massive scale is the state.

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