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

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.\u000a\u000a_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.\u000a\u000a\u00A9 University of Notre Dame\u000a\u000aCopyright for most content is held by The University of Notre Dame. Reproduction of all or any portion of content constitutes a violation of copyright. You must obtain permission from The Copyright Clearance Center or The University of Notre Dame Press in order to reprint (or adapt) content.\u000a\u000ap: (574) 631-6346 \ e: undpress@nd\.edu \ website: copyright\.com