Natural Law: The Foundation of an Orderly Economic System

Professor Alberto M. Piedra's latest work, Natural Law: The Foundation of an Orderly Economic System, was published in 2004 by Lexington Books.

Ambassador Piedra is the Donald E. Bently Professor of Political Economy at the Institute of World Politics.

Natural Law: The Foundation of an Orderly Economic System is part of Lexington's series of Studies in Ethics and Economics. Samuel Gregg of the Acton Institute is editor of the series of books.

The book stresses sound economics and the dignity of each human being as the bases of a just economic system, with a thoughtful critique of Keynesian theory.

"This innovative book shows the value of appeals to a governing, natural law and attendant principles such as the common good, subsidiarity, hierarchy, spiritual welfare, the reciprocity of freedom and authority, and the cultivation of personal moral and intellectual virtue," according to a publisher's summary. "Alberto M. Piedra draws on classical and Christian sources as well as his personal experience as an economist, diplomat, and lecturer on world politics in this constructive and morally guided exegesis of natural law and economics."

Natural Law: The Foundation of an Orderly Economic System
Studies in Ethics and Economics
Lexington Books, 2004
224 pages
Hardcover 0-7391-0934-0: $75.00   Paperback 0-7391-0949-9: $19.95

Table of Contents


  • Introduction
  • Natural Law and the Age of Reason
  • Human Nature and the Dignity of the Human Person
  • The Classical School and the Birth of Capitalism
  • The Romantic and Socialist Reactions to the Industrial Revolution
  • Neoclassicalism, the Keynesian Revolution, and Other Sources of Dissent
  • The Metaphysical Dimensions of Man: Their Ethical Implications
  • The Fundamental Issue of Human Work
  • Population, the Welfare State, and the Challenge of the Environment
  • The Challenge of Globalization
  • Epilogue
  • About the Author