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Written in 1991 on the occasion of the 100-year anniversary of Leo XIII’s ground-breaking social encyclical Rerum Novarum, John Paul II’s Centesimus Annus (The Hundredth Year) brought the principles of Catholic social teaching to bear on contemporaneous political and economic issues. It emphasizes the dignity and rights of workers, the right to private property, the right to a just wage, and the...

In our time, in particular, there exists another form of ownership which is becoming no less important than land: the possession of know-how, technology and skill. The wealth of the industrialized nations is based much more on this kind of ownership than on natural resources. Mention has just been made of the fact that people work with each other, sharing in a “community of work” which embraces ever widening circles. A person who produces something other than for his own use generally does so in