Since 2017, Jesus Fernandez-Villaverde, Professor of Economics at the University of Pennsylvania and CREDO member, has taught a very interesting and unique course for a secular university. The course entitled, “Foundations of Market Economies” focuses on the role of markets in modern economies and their historical evolution but also blends in material on markets and…
Every year, prior to World Food Day (October 16), the United Nations releases The State of Food Security and Nutrition In The World. Among the key messages of the most recent (2018) issue are that, for the third year in a row, rising numbers of people in the world (now 821 million) suffer “undernourishment” –…
A central principle of Catholic Social Teaching (CST) is the right to food for all persons. For example, in Pacem in Terris (11) St. John XXIII states that “Every man has the right to life, to bodily integrity, and to the means which are suitable for the proper development of life; these are primarily food,…
The tax reform adopted in in the U.S. in December 2017 has significant implications for charitable deductions. Households that do not pay mortgage interest and do not have major medical expenses are likely to find that giving to charity no longer brings tax benefits. The purpose of this article is to explain how “charity bunching”…
This will be our only issue of “On the Margin” in 2019, and I am happy to give you an update on the society. CREDO continues to grow. We have nearly 600 members, and membership has already grew over 18 percent in 2018, and has already grown about 10 percent this year. We will be…
Catholic Social Teaching (CST) is generally considered to have started with the encyclical of Pope Leo XIII The Condition of Labor (Rerum Novarum). This encyclical called out the wretched conditions of industrial workers and articulated the rights and duties of workers and employers, including the rights of workers to organize. On this foundation, the social…