Equity Policies for the Production and Distribution of Wealth

Abstract

This paper applies the methodological approach of “see-judge-act” put forward in Pope John XXIII’s encyclical letter Mater et Magistra (1961) to argue in favour of a greater emphasis on social equity considerations in development policies, rather than a more restrictive emphasis on the promotion of wealth alone. As countries move from conditions of underdevelopment and poverty to new levels of economic sustainability and prosperity, the question of who benefits from the distribution of wealth remains crucial. Too often, the rich benefit at the expense of the poor.