The Aggiornamento Framework’s Economic Vision

This chapter looks in detail at the teachings of Popes John XXIII and Paul VI and the Second Vatican Council on the economy. It explores their teachings on the right to private property, the role of the government in planning the economy, labor relations, and social welfare, while also looking at their teachings on the need for international institutions in an increasingly global economy. The aggiornamento framework presents an organicist and communitarian vision of economic life while also emphasizing the rights of the person. The chapter also explains how Catholic social teaching began to address the question of development in the Global South, and outlines three economic theories of development: modernization theory, structuralism, and dependency theory.