The Spirit of Democratic Capitalism

Abstract: The author defends democratic capitalism in terms of humane values derived from Judeo-Christian ethical foundations.

Keywords: book review, economics, religion, philosophy, capitalism, Judeo-Christian ethics, Jewish theology, Christian theology, Roman Catholic, democracy, moral and ethical aspects.

Title: The Spirit of Democratic Capitalism Author: Michael Novak Publisher: Madison Books Date Published: January 1991 ISBN: 0819178233 LOCN: HB72.N68 1991 Dewey: 330.12/2 20 Pages: 459 Footnotes: 530 entries

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CONTENTS

Foreword

Introduction: Capitalism, Socialism, and Religion -- An Inquiry into the Spiritual Wealth of Nations

1: The Historical Achievements of Democratic Capitalism

2: From Practice to Theory

One: The Ideal of Democratic Capitalism

I: What Is Democratic Capitalism?

II: Pluralism

1: Unitary Order

2: Not by Free Enterprise Alone

3: Pluralism in Politics

4: The Attempt to Christianize the System

III: Emergent Probability

IV: Sin

1: Freedom and Sin

2: The Doctrine of Unintended Consequences

3: Virtuous Self-Interest

V: Providence and Practical Wisdom

1: Time and Intelligence

2: The Market

3: An Invisible Hand?

4: Profit and Commercial Values

5: The Zero-Sum Society

VI: Community

1: The Forgotten Theory

2: Community in Practice

VII: The Communitarian Individual

1: "Das Anglo-Saxon Problem"

2: The Assault on the Bourgeoisie

VIII: The Family

1: The Economic Order

2: The Political Order

3: The Moral-Cultural System

IX: Continuous Revolution

1: The Political System

2: The Economic System

3: The Moral-Cultural System

Two: The Twilight of Socialism

X: The Transformation of Socialism

XI: Socialism as High-mindedness

1: What Went Wrong?

2: Definition by Contrast

3: From Economics to Politics

4: The Utility of the Rich

XII: Income Distribution and Race

1: Income Distribution

2: The Economic Situation of Blacks

XIII: The Transnational Corporation

Three: A Theology of Economics

XIV: The Catholic Anti-Capitalist Tradition

1: A Theology of Economics

2: The Bias Against Democratic Capitalism

XV: Christian Socialism in Europe

1: Historical Development

2: Christian Socialism in Europe

3: Moltmann's Economics

4: Moltmann's "Socialism"

XVI: Guilt for Third World Poverty

1: Do Developed Nations Cause Poverty?

2: Latin Catholic Economics

3: The Center and the Periphery

XVII: Liberation Theology

XVIII: A Theology of Development: Latin America

1: Dependency?

2: The Success of Latin America

3: The Failure of Latin America

4: The Crux

XIX: From Marxism to Democratic Capitalism

1: The Early Years

2: The Lessons of Experience

3: "Capitalistic-Democratic Culture"

4: The Failures of Democratic Socialism

XX: A Theology of Democratic Capitalism

1: The Importance of Ideals

2: Six Theological Doctrines

3: Under God

Afterword for the 1991 Edition

LIBRARY OF CONGRESS DATA

Author:        Novak, Michael.
Title:         The spirit of democratic capitalism / Michael
                  Novak.
Published:     Lanham : Madison Books : Distributed by National
                  Book Network, c1991.
Description:   459 p. : ill. ; 24 cm.
LC Call No.:   HB72.N68 1991
Dewey No.:     330.12/2 20
ISBN:          0819178225 (alk. paper)
               0819178233 (pbk. : alk. paper)
Notes:         Includes bibliographical references (p.
                  [361]-412) and index.
Subjects:      Economics -- Moral and ethical aspects.
               Capitalism -- Moral and ethical aspects.
               Democracy -- Moral and ethical aspects.
Control No.:   90048169 

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