Lehrbuch Der NationalÖkonomie / Teaching Guide to Economics: Volume IV/Book 1: The Satisfaction of a Nation's Wants as the Purpose of the National Economy and Production

The economic process and task of the economy is examined. Pesch determines that the satisfaction of the wants of the population who constitute a national economy ultimately determine the direction of a nation's economic order. Basic needs (food, clothing, shelter) as well as "special" or luxury needs are presented in terms of both purely economic and moral aspects. Pesch discusses how production, and the use of technology, is utilized in satisfying those needs. The impact of wage levels and hours of work effect how production moves toward fulfilling the needs of economy.


This is the first English translation of the works of Heinrich Pesch, SJ (1854-1926). Pesch, a German Jesuit scholar and economist, wrote the longest, most exhaustive economics text ever written, one that deserves to be regarded as a kind of Summa Economica. The five-volume Lehrbuch der Nationalökonomie examines all serious economic thinking up until Pesch’s time, culling what was deficient, retaining what was worthwhile, and filling in what its author perceived to be lacking. The result was a design for an economic system that is opposed to both classically liberal capitalism and state socialism, based instead on Aristotelian-Thomistic philosophical premises. Pesch developed many of the basic principles which emerged in the social encyclicals of the Catholic Church.

Table of Contents

Solidarism as a Socio-Philosophical System
Economics and Philosophy. Universalism or Solidarism?
The Concepts: Society and Community
Systematic Development of Economics

Part I: The Satisfaction of a Nation's Wants as the Purpose of the National Economy

Part II: Production