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Outlines of New Economic Paradigms. Answers of the Social Doctrine of the Church to the Meaningful Questions of Our Time

Author

Listed:
  • Carlo Bellavite Pellegrini

    (Dipartimento di Politica Economica e Centro Studi Economia Applicata (CSEA), Università Cattolica del Sacro Cuore)

  • Maurizio Faroni

    (Membro del Comitato Scientifico del Centro Studi Economia Applicata (CSEA), Università Cattolica del Sacro Cuore)

Abstract

The world is often shocked by economic, financial, environmental and health emergencies that require global responses. A holistic approach to reviewing development models is needed, one that does not give up healthy growth and avoids an unequal and unregulated capitalism. A unique and organic path can be found within the social doctrine of the Church. The encyclicals of the magisterium dealing with the social field, from Rerum Novarum to Laudato Si’, constitute a constantly updated framework capable of guiding specific choices. Many people, and not only believers, can share this teaching in search of the common good. This article identifies routes through which to reconcile inclusive economic trends with the aspirations of peoples and individuals to improve their living conditions, while safeguarding environmental balance and justice. The social doctrine sets guidelines to be followed by institutions and economic actors. Coherent business management and personal behaviours are key to changing and raising new hopes.

Suggested Citation

  • Carlo Bellavite Pellegrini & Maurizio Faroni, 2022. "Outlines of New Economic Paradigms. Answers of the Social Doctrine of the Church to the Meaningful Questions of Our Time," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 130(3), pages 229-250.
  • Handle: RePEc:vep:journl:y:2022:v:130:i:3:p:229-250
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    More about this item

    Keywords

    Development; Globalisation; ESG; Catholic social teaching;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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