Tag: "Rerum Novarum"

<i>Rerum Novarum</i> and Obama’s Economic Policy
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Rerum Novarum and Obama’s Economic Policy

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On the first Monday of September, Americans say goodbye to summer with picnics and parades, fireworks and festivals. Traditionally, it’s the last day for women to wear white. It signals the start of the NFL and college football seasons.  It’s Labor Day! The first official Labor Day was celebrated on September 5, 1882, with a parade organized by the […]

An Introduction to Distributism
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An Introduction to Distributism

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Distributivism, also known as Distributism, is an economic theory formulated by Hilaire Belloc and G. K. Chesterton largely in response to the principles of Social Justice laid down by Leo XIII in his encyclical Rerum Novarum. Its key tenet is that ownership of the means of production should be as widespread as possible rather than […]