Markets can often be harsh in compelling people to make unpalatable economic choices any reasonable person would not take under normal conditions. Thus, workers laid off in mid-career accept lower-paid jobs that are beneath their professional experience for want of better alternatives. Economic migrants leave their families and cross borders (legally or illegally) in search of a livelihood. These are examples of economic compulsion. These economic ripple effects have been virtually ignored in ethical discourse because they are generally accepted to be the very mechanisms that generate the market's much-touted allocative efficiency. Albino Barrera argues that Christian thought on economic security offers an effective framework within which to address the consequences of economic compulsion.
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Cambridge University Press
Publisher: Cambridge University Press
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Author Biography - Albino F. Barrera
Professor Albino Barrera teaches in both theology and economics at Providence College. His most recent book is Modern Catholic Social Documents and Political Economy published in 2001.