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The Basque socioeconomic model (BSEM): a Lonergan perspective

Author

Listed:
  • Paul Hoyt-O’Connor

    (George Washington University)

  • Massimo Cermelli

    (University of Deusto – Deusto Business School)

  • Inigo Calvo-Sotomayor

    (University of Deusto – Deusto Business School)

Abstract

Bernard Lonergan maintained that economies are goods of order which, when properly disposed, make possible the regular provision of the material conditions for the fuller flourishing human. Lonergan’s economic thought tried to understand the economy related to a society’s civic institutions, political orders, and cultural traditions. In addition, he wished to explain the normative rhythms of economic development and the conditions of its dynamic equilibrium. In this sense, Lonergan’s analysis presents an alternative to conventional accounts of the kind of economic progress the Basque Country has enjoyed in recent decades, in ways that still resonate with the Basque Country’s emphasis on the centrality of the productive process and the values of its people.

Suggested Citation

  • Paul Hoyt-O’Connor & Massimo Cermelli & Inigo Calvo-Sotomayor, 2022. "The Basque socioeconomic model (BSEM): a Lonergan perspective," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 69(1), pages 1-19, March.
    • Handle: RePEc:spr:inrvec:v:69:y:2022:i:1:d:10.1007_s12232-021-00380-2
    DOI: 10.1007/s12232-021-00380-2
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    References listed on IDEAS

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    More about this item

    Keywords

    Bernard Lonergan; Basque Country; Social wellbeing; Pure cycle;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other

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