Economic Recession, Work, and Solidarity

Abstract

The note treats ethical issues surrounding the 2008 to 2010 financial crisis and its aftermath, focusing on resources pertinent to Catholic economic-ethical responses. Four key, contested subjects are highlighted: economy's descriptive and normative “axis“; causes of the recent meltdown in financial markets and prescriptions for preventing future crises; work and employment effects of the Great Recession; and the urgent need to connect market economies to social, earth, and care economies in order to meet the demands of solidarity and sustainability.