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Three in One

Essays on Democratic Capitalism, 1976-2000

Michael Novak - Edited by Edward W. Younkins

Throughout his many writings, Michael Novak, one of the leading Catholic social theorists of our times, has urged us to adopt a tripartite system of democratic capitalism including a market economy, a democratic polity, and a moral-cultural system that would nourish the values and virtues on which free societies depend. Three in One introduces the reader to Novak's portrait of democratic capitalism. « less more »
Rowman & Littlefield Publishers
Pages: 368Size: 6 x 9
978-0-7425-1170-5 • Hardback • April 2001 • $118.00 • (£75.00)
978-0-7425-1171-2 • Paperback • April 2001 • $44.00 • (£29.95)
Michael Novak holds the George Frederick Jewett Chair in Religion, Philosophy, and Public Policy at the American Enterprise Institute in Washington, D.C., where he is also the director of social and political studies. He is the author of more than twenty five books on philosophy, religion, politics, economics, and culture. Edward W. Younkins is professor in the Department of Business and Technology at Wheeling Jesuit University and the founder of the University's degree program in political and economic philosophy.
Chapter 1 Introduction: Michael Novak's Contribution's to Political and Economic Thought
Part 2 The Idea of Democratic Capitalism
Chapter 3 A Closet Capitalist Confesses
Chapter 4 The Closet Socialists
Chapter 5 An Underpraised and Undervalued System
Chapter 6 On the Governability of Democracies: The Economic System
Chapter 7 The Vision of Democratic Capitalism
Chapter 8 The Spirit of Democratic Capitalism
Part 9 Free Persons, True Communities, and the Common Good
Chapter 10 Mediating Institutions: The Communitarian Individual in America
Chapter 11 Free Persons and the Common Good
Chapter 12 The Future of Civil Society
Chapter 13 The Judeo-Christian Foundation of Human Dignity, Personal Liberty, and the Concept of the Person
Chapter 14 Hayek: Practitioner of Social Justice
Part 15 Economics, Religion, and Morality
Chapter 16 Theologians and Economists: The Next Twenty Years
Chapter 17 Economic Rights: The Servile State
Chapter 18 Political Economy and Christian Conscience
Chapter 19 Political Economy in Our Time
Chapter 20 The Great Convergence
Chapter 21 How Christianity Changed Political Economy
Chapter 22 Economics as Humanism
Part 23 The Nature and Responsibilities of Business and the Corporation
Chapter 24 A Challenge to Business
Chapter 25 Business, Faith, and the Family
Chapter 26 Two Moral Ideals for Business
Chapter 27 Seven Plus Seven: The Responsibilities of Business Corporations
Chapter 28 Is Business a Calling?
Chapter 29 Executives Must Be Allowed to Execute
Part 30 The International Scene
Chapter 31 The Age of Enterprise: How Small Business Became the World's Biggest Business
Chapter 32 The International Vocation of American Business
Chapter 33 The Silent Artillery of Communism
Chapter 34 Solidarity in a Time of Globalization
Part 35 An Autobiographical Afterword
Chapter 36 Controversial Engagements
Chapter 37 Appendix: A Reader's Guide to Michael Novak's Works on Democratic Capitalism
Michael Novak foregoes any illusion that the models of 'political economy' will ever 'measure up to the height and depth of the Kingdom of God.' But political economy was understood in the beginning to encompass moral philosophy, and in the hands of a master, questions of right and wrong will soon lead outward, to reflection about the divine origin of human things. Novak puts his own accent on the 'incarnational dimension' in theology: The most prosaic parts of life may be touched by a divine grace in ways often 'hidden like the workings of yeast.' Making a living, supporting a family, sustaining workers and clients in a market-they may all require love and art and devotions that are enduring. But to put them together in a compelling way requires the learning of a theologian, joined with the wit and savvy of an accomplished writer. This is vintage Michael Novak, as only he can write it.
Hadley Arkes, Amherst College

Mr. Novak deserves credit for alerting us to what I call 'America's Other Democracy'—a giant endless plebiscite in which consumers vote not every other year but daily, frequently, directly, scrupulously, a democracy disciplining producers everywhere to toe the mark, a democracy meriting the observation of Milton Friedman bearing on the state that nobody spends other people's money as carefully as he spends his own. Ludwig Mises called the process 'consumer sovereignty.' Michael Novak, a man who makes you think, calls it, simply, 'democratic capitalism.'
William H. Peterson, Washington Times; The Washington Times

This collection of essays brings together for the first time all the many essays and op-ed pieces in which Novak developed and extended his basic argument. Recommended for public and academic library collections, lower-division undergraduate through faculty.

Three In One is a fascinating collection of essays on the centrality of faith and culture in our economic life. Michael Novak is an authentic compassionate conservative. He is a passionate, though not uncritical, champion of democratic capitalism. These essays are not only profound, they also are fun.
Albert Hunt, Wall Street Journal