Rethinking Poverty

James P. Bailey is associate professor of theology at Duquesne University.

"This book seeks to redress the lack of emphasis on the idea of asset building as a means of poverty relief in current debates . . . . Professor Bailey offers a very useful starting point for those interested in uplifting the poor in the name of human dignity and the common good." —The Review of Metaphysics"James P. Bailey's work, Rethinking Poverty: Income, Assets, and the Catholic Social Justice Tradition, is a direct interdisciplinary work with major implications for a reformation of modern social justice practices." —Dialogue"In Rethinking Poverty, James Bailey brings to the forefront an oft-forgotten aspect of Catholic social teaching: the pivotal role of private property in social development. This book is a timely reminder that the Church has much to offer in addressing the social question as it is experienced today, and it updates Catholic distributism for the twenty-first century." —Journal of Markets and Morality"James Bailey has written a superb, creative and timely book whose primary audience should be the U.S. Congress. . . . Bailey's work suggests that ethicists and economists can serve the country with concrete and specific budget proposals that might persuade, cajole or shame Congress to reform the tax code in a way that helps the poor instead of hurting them." —Christian Century"Bailey . . . suggests that reflection on the tenets of Catholic social teaching on matters of economic import ought to drive a more widespread and increasingly viable alternative to the current approaches to poverty alleviation. . . . Graduate students and their professors will be interested in Bailey's proposals, and perhaps diocesan justice and human development commissioners as well." —Catholic Library World"Bailey details how the poor can become self-sufficient upon elimination of discrimination in access to mortgages, insurance, fair credit, and more. He also describes a few innovative policies to facilitate assets, like individual development accounts. . . . Bailey finds many references to asset development or wealth creation for the poor in Catholic social thought." —Initiatives"In this brief, well-written work, Bailey offers a helpful look at the need for public policies that foster asset accumulation by the poor. The author argues that asset accumulation provides a wide array of benefits, including greater economic security, increased confidence concerning the future, and enhanced involvement in community and public life." —Choice"Poverty may be with us always; but seldom do we have such a wise and timely book. Drawing upon Catholic social teaching and Martha Nussbaum's capability theory, Bailey underscores the role of asset formation in understanding and alleviating poverty. Erudite, but never arid Rethinking Poverty is indispensable reading for students and scholars who would make the 'option for the poor' their own today." —William O'Neill, S.J., Jesuit School of Theology of Santa Clara University"Bailey combines his deep understanding of the Catholic social justice tradition, his firm grasp of contemporary moral philosophy, and his perceptive analysis of U.S. poverty debates and policies to forge something new and exciting for each. Bailey's most significant contribution is his compelling case for the Church to establish, or reestablish, asset and property ownership at the heart of its mission to reduce poverty, enhance human dignity, and achieve a more just society." —Ray Boshara, Vice President and Senior Research Fellow, New America Foundation"This book supplies the connections between prophetic but general calls for economic justice and participation, and the concrete policies and practices necessary to advance those ideals as reality. Bailey directly critiques discriminatory economic institutions in the U.S. but also implicitly critiques prior Catholic voices that have fallen far short of inspiring effective reform because they do not identify and attack underlying assumptions behind the 'personal responsibility' models of prosperity." —Lisa Sowle Cahill, Boston College