From the Catholic Catechism In economic matters, respect for human dignity requires the practice of the virtue of temperance, so as to moderate attachment to this world’s goods; the practice of the virtue of justice, to preserve our neighbor’s rights and render him what is his due; and the practice of solidarity, in accordance with the golden rule and in keeping with the generosity of the Lord, who “though he was rich, yet for your sake... became poor so that by his poverty, you might become rich.”190 (1809, 1807, 1939) The following are also morally illicit: speculation in which one contrives to manipulate the price of goods artificially in order to gain an advantage to the detriment of others; corruption in which one influences the judgment of those who must make decisions according to law; appropriation and use for private purposes of the common goods of an enterprise; work poorly done; tax evasion; forgery of checks and invoices; excessive expenses and waste. Willfully damaging private or public property is contrary to the moral law and requires reparation. 2410 Promises must be kept and contracts strictly observed to the extent that the commitments made in them are morally just. A significant part of economic and social life depends on the honoring of contracts between physical or moral persons—commercial contracts of purchase or sale, rental or labor contracts. All contracts must be agreed to and executed in good faith. (2101) 2411 Contracts are subject to commutative justice which regulates exchanges between persons and between institutions in accordance with a strict respect for their rights. Commutative justice obliges strictly; it requires safeguarding property rights, paying debts, and fulfilling obligations freely contracted. Without commutative justice, no other form of justice is possible. (1807) One distinguishes commutative justice from legal justice which concerns what the citizen owes in fairness to the community, and from distributive justice which regulates what the community owes its citizens in proportion to their contributions and needs.
Posted on: Sun, 09 Nov 2014 21:15:30 +0000