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Although the basic principle of widely distributed property may be known and competently grasped—it is a tune that in America had been played in a Jeffersonian key, after all—it is perhaps less firmly grasped that, on Belloc’s account, what capitalism had killed among men was in fact a Distributist society.
One need not support every economic prescription of the distributists or Lincoln. Each, however, presents certain principles that we can use to orient our economic thinking in the era of global capitalism.
It should help open the ‘closed shop’ of economic theory to a potentially rich and fruitful debate.