Power, Subsidiarity, and the Economy of Exclusion.
According to Pope Francis, an “economy of exclusion” is an economy with barriers that prevent individuals and groups from participating in the economy and society to their full potential. Power is a key determinant for both exclusion and inclusion. All economies are based on power relations and an “...
| Published in: | American Journal of Economics & Sociology Vol. 78; no. 4; pp. 923 - 955 |
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| Format: | Article |
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Wiley-Blackwell
Sep2019
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=139417805&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 139417805 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00029246 AES jtl: American Journal of Economics & Sociology issn: 00029246 maglogo: Y pubinfo: dt: Sep2019 vid: 78 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 139417805 10.1111/ajes.12294 ppf: 923 ppct: 32 formats: fmt: @attributes: type: P size: 1.1MB tig: atl: Power, Subsidiarity, and the Economy of Exclusion. aug: au: CLARK, CHARLES M. A. affil: Senior Fellow, Vincentian Center for Church and Society. Research Fellow, Center for Global Business Stewardship. Professor of Economics, Tobin College of Business, St. John’s University (NY). su: Francis, Pope, 1936-2025 Social theory Catholics Equality Subsidiarity sug: subj: Social theory Catholics Equality Subsidiarity Francis, Pope, 1936-2025 ab: According to Pope Francis, an “economy of exclusion” is an economy with barriers that prevent individuals and groups from participating in the economy and society to their full potential. Power is a key determinant for both exclusion and inclusion. All economies are based on power relations and an “economy of exclusion” is an abuse of power. This contribution looks at what economic power is and how it can build barriers of exclusion or pathways to inclusion. We use income inequality as a measure of exclusion, giving a general history of power and inequality to demonstrate the role of power. Lastly, we look at the concept of subsidiarity in Catholic social thought as a principle to guide the use of power in the economy. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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