This essay attempts to show that there is a satisfactory resolution to the long-standing controversy as to the whether poverty is measured strictly in terms of a minimal-living (or absolute) standard or an income-distribution (or relative) standard, a resolution which is based on the duality of...

In 2001 the mean income deficit for poor families was $7,231. The mean income surplus for nonpoor families was $57,841. The sum of those two estimates—$65,072—represents what we call the family income gap. Between 1993 and 2000—the period marking the longest expansion in U.S. economic...

Mainstream economics argues that ethical standards are essentially relative, that they differ from one person to the next, and are entirely outside the limits of legitimate inquiry for economic science. Our view is that there are certain objective ethical standards to be applied that parallel...

This article focuses on the contributions of six economists schooled in the Jesuit tradition. Four are Jesuit priests: Heinrich Pesch and Oswald von Nell-Breuning who are German, and Bernard Dempsey and Joseph Becker who are American. Two others, Goetz Briefs and William Waters, are lay persons...

There are three problems with Ismael Hossein-zadeh's “Social vs. Military Spending” in the June 2009 Review of Social Economy in which he sets out to demonstrate the consequences of “escalating US military spending at the expense of non-military public spending.” First, there is abundant...

There are two reasons why personalist economics lies outside the mainstream. Personalist economics (1) rejects the premises of mainstream economics, and (2) takes exception to certain dominant values of today's culture whereas the mainstream is much more at ease with contemporary Western...