Moral Threats in Finances in the Light of Catholic Social Thought  (Selected Issues)

Adam  Kucharski

Moral Threats in Finances in the Light of Catholic Social Thought (Selected Issues)

Publication date: 12.2021

Financial Law Review, 2021, Issue 24 (4)/ 2021, pp. 82-101

https://doi.org/10.4467/22996834FLR.21.034.15401

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Moral Threats in Finances in the Light of Catholic Social Thought (Selected Issues)

Abstract

The impact of the importance of finance on social life, unprecedented in history, has numerous consequences. Basing the world economy on debt money may significantly change the existing ownership systems and lead to the formation of a new world power based on turbo-capitalism. These tendencies are supported by the postulate to limit the influence of ethics on economic behavior, which leads to the support of the general policy of overconsumption. The aim of this article is to highlight some of the threats resulting from the progressive financialisation of social life and the development of corpo-capitalism. Some theses from the field of Catholic social thought will serve as the background for the following reflection. The analytical-synthetic method adopted in the article consists in comparing selected moral threats present in the sphere of contemporary finances with some statements taken from documents and studies in the area of social Christian morality. This procedure aims to emphasize the need to recognize the key role of the ethical dimension of economic life as an element of the internal structure of any free, truly human behavior.

Keywords

finance, ethics, Catholic social science

References

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Information

Information: Financial Law Review, 2021, Issue 24 (4)/ 2021, pp. 82-101

DOI: https://doi.org/10.4467/22996834FLR.21.034.15401

Article type: Original scientific article

Authors

Adam Kucharski

https://orcid.org/0000-0001-9278-7522

Pontifical Faculty of Theology in Wrocław

Published at: 12.2021

Article status: Open

Licence: CC BY-NC-ND 3.0 Unported

Percentage share of authors:

Adam Kucharski (Author) - 100%

Classification number:

JEL Classification System:

Relation of Economics to Other Disciplines (A12)

Cultural Economics | Economic Sociology | Economic Anthropology (Z1)

Article corrections:

Publication languages:

English

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Number of downloads: 1308

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