Description
For Pesch, economics rests on the premise that enterprise and property, though primarily private, are to serve the interests of the common good. The factors of production: the labor force, suppliers, distribution and consumption, must work together to serve the common good. Pesch emphasizes the power of the individual in this process and how labor and vocational groups are established to offer solidarity. The Principle of Subsidarity applies in assistance to the individual moving the economic order forward.
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