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The Idea Of ‘‘Common Good’’ And The Role Of The State In Present Day Social Economics

Author

Listed:
  • Giuseppe Mastromatteo

    (Professor of Economics at Faculty of Economics, Institute of Economic Policy, Catholic University of the Sacred Heart, Largo Gemelli, 1, 20123 Milano, Italy)

  • Stefano Solari

    (Professor of Political Economy, Dipartimento di Scienze Economiche e Manageriali, Universita` di Padova, Via del Santo, 33, 35123 Padova, Italy)

Abstract

This paper explores the meaning of the idea of common good as used in the classical political tradition in order to study its role in the present political economy. It first analyses the received meaning of the term ‘‘common good’’ in economics with the help of a brief sketch of its historical development. Subsequently, some analysis of the notion is performed and related to some existing economic literature. Its relevance and limitations, due to incomparability with some mainstream economics, will be underlined. As the idea of common good connects individual behaviour to some collective notion of ‘‘good’’, the paper will discuss the relationship between the idea of common good and the role of the state in the economy.

Suggested Citation

  • Giuseppe Mastromatteo & Stefano Solari, 2014. "The Idea Of ‘‘Common Good’’ And The Role Of The State In Present Day Social Economics," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 122(1), pages 85-102.
    • Handle: RePEc:vep:journl:y:2014:v:122:i:1:p:85-102
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    Citations

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    Cited by:

    1. Cinzia Castiglioni & Edoardo Lozza & Albino Claudio Bosio, 2018. "Lay People Representations on the Common Good and Its Financial Provision," SAGE Open, , vol. 8(4), pages 21582440188, October.
    2. Cinzia Castiglioni & Edoardo Lozza & Andrea Bonanomi, 2019. "The Common Good Provision Scale (CGP): A Tool for Assessing People’s Orientation towards Economic and Social Sustainability," Sustainability, MDPI, vol. 11(2), pages 1-14, January.

    More about this item

    Keywords

    common good; ethical economy; merit goods; practical reason; communality;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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