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The Moral Measure of the Economy

ew York City’s Second Avenue subway line was initially envisioned to run the length of Manhattan. Because of funding shortfalls, construction stopped at East 96 street — serving some of Manhattan’s richest neighborhoods but excluding its poorest. A 125th street extension is in the works, but moving slowly. Photo Credit: Charley Lhasa “Opening day, 96 street station, second avenue subway” 2017.
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“It is twenty years since the U.S. Catholic bishops issued a pastoral letter on the U.S. economy. Since then striking changes have occurred as the U.S. has become dramatically more unequal in terms of wealth, income, and opportunity. The signs are everywhere, from the fantastic salaries of corporate CEOs, the skyrocketing rates of personal and public debt, tax cuts for the wealthiest, increased job insecurity, and shrinking public services. Catholic social teaching supplies a set of criteria for evaluating the moral health of an economic system, though for most people these principles are a well-kept secret. In this clear and penetrating book, Chuck Collins and Mary Wright draw on these principles to evaluate our economy and lay out practical steps toward establishing an economy ‘as if people mattered.'”

Citation (MLA): Collins, Chuck, and Mary Wright. The Moral Measure of the Economy. Orbis Books, 2007.

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