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James P. Bailey

In Rethinking Poverty, James P. Bailey argues that most contemporary policies aimed at reducing poverty in the United States are flawed because they focus solely on insufficient income. Bailey argues that traditional policies such as minimum wage laws, food stamps, housing subsidies, earned income tax credits, and other forms of cash and non-cash income supports need to be complemented by efforts that enable the poor to save and accumulate assets. Drawing on Michael Sherraden’s work on asset building and scholarship by Melvin Oliver, Thomas Shapiro, and Dalton Conley on asset discrimination, Bailey presents us with a novel and promising way forward to combat persistent and morally unacceptable poverty in the United States and around the world. 

Rethinking Poverty makes use of a significant body of Catholic social teachings in its argument for an asset development strategy to reduce poverty. These Catholic teachings include, among others, principles of human dignity, the social nature of the person, the common good, and the preferential option for the poor. These principles and the related social analyses have not yet been brought to bear on the idea of asset-building for the poor by those working within the Catholic social justice tradition. This book redresses this shortcoming, and further, claims that a Catholic moral argument for asset-building for the poor can be complemented and enriched by Martha Nussbaum’s “capabilities approach.” This book will affect current debates and practical ways to reduce poverty, as well as the future direction of Catholic social teaching.

University of Notre Dame Press

Catholic Social Tradition

Rethinking Poverty: Income, Assets, and the Catholic Social Justice Tradition

Joan L. Coffey

Léon Harmel is a penetrating study of the French industrialist who from 1870 to 1914 advanced social Catholic and Christian democratic movements by improving factory conditions and empowering workers. Joan Coffey’s fascinating new book represents the first major study of Léon Harmel in English.

Harmel’s model factory at Val-des-Bois demonstrated that mutual accord and respect were possible between labor and management. Harmel turned his profitable spinning mill into a Christian corporation. His ethical business practices captured the attention of Pope Leo XIII and inspired his encyclical Rerum Novarum. Harmel also encouraged his workers to make pilgrimages to Rome. The collaboration of Pope Leo XIII and Léon Harmel laid the foundation of enterprises that collectively became known as Christian democracy.

Drawing on extensive archival sources, including the Vatican Archives, Joan Coffey’s work skillfully analyzes the personal relationship between Pope Leo XIII and Léon Harmel. Léon Harmel also offers a timely reminder of the power of personal ethics and provides a refreshing antidote to today’s business climate.

Léon Harmel: Entrepreneur as Catholic Social Reformer