Description
Pesch’s Freiwirtschaft oder Wirtschaftsordnug (1901) introduced, for the first time, what he perceived as key components of the solidaristic economic system, the system which he would subsequently devise as an alternative to free-market capitalism, as well as to socialism. It is here that Pesch established his Principle of Subsidiarity. Pesch’s concept was that the state’s role in economic activity was to compliment the activities of other social entities such as cooperative organizations, labor unions etc… This revolutionary idea was later incorporated into Pope Pius XI’s social encyclical QUADRAGESIMO ANNO (1931).
Reviews
There are no reviews yet.