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Industrialism has brought about such a fundamental change in man’s way of living and civilization that modern anthropologists (A. Gehlen and others) compare it with the change that took place in prehistoric times in the transition from hunting and food- gathering to a settled agricultural way of life. With industrialism man has crossed a “second absolute threshold of civilization”. This transition embraces — for the first time in human history — not merely individual cultural groups, but the entire world including the “developing countries”. It is thus …

Part of Economic Ethics: Part I Part II The ethics of economics is part of social ethics, dealing with the law and order of economics according to moral principles. Ethics and economics are in themselves independent realms with laws of their own in each case. But in any given culture the two orders are closely inter-connected. Economic thinking, the style of an economy, will be the reflection of a given culture and style of life. Hence natural law among Christians is applied in economics mostly in the f…