Author: Kishore Jayabalan (Kishore Jayabalan)

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The Economics and Ethics of “Just Wages”

As with the concept of the just price, the idea of the just wage combines the subjectivity of the diverse needs and preferences of individuals with the objective demands of justice. The teaching of the Catholic Church on the just wage avoids both the Scylla of economism and the Charybdis of moralism.

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Thomas Aquinas on the Just Price

St. Thomas Aquinas’s treatment of the question of the just price is often misunderstood by both Catholic integralists and classical liberals. These misunderstandings deprive us of lessons that could otherwise help us combine the goods of freedom and virtue as individuals and in society.