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The common good from an economic perspective: Insights from EU policies during the COVID-19

Author

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  • Szypulewska-Porczyńska Alina

    (Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland)

  • Zduńska-Leseux Edyta

    (Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland)

  • Horodecka Anna

    (Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland)

Abstract

This paper delves into the diverse conceptualizations of the “common good” within the economic discourse and scrutinizes their implications for European integration during the pressing COVID-19 pandemic. Employing a comprehensive literature review, policy analysis, and case study examination, it explores the manifestations of the common good in the context of European Union policies. Two key interpretations emerge from our investigation: the first presents the common good as an ultimate objective, seeking a balance between individual and collective interests achieved via adept economic governance; the second considers it a continuous process underpinned by the principles that direct the journey toward such a balance. Our findings reveal that the EU’s response to the COVID-19 crisis led to shifts in fiscal policies and innovation strategies. The research outcomes demonstrate a marked transition in the EU’s approach, with a stronger focus on social welfare, environmental sustainability, and collective well-being.

Suggested Citation

  • Szypulewska-Porczyńska Alina & Zduńska-Leseux Edyta & Horodecka Anna, 2024. "The common good from an economic perspective: Insights from EU policies during the COVID-19," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 60(2), pages 123-131.
    • Handle: RePEc:vrs:ijomae:v:60:y:2024:i:2:p:123-131:n:1004
    DOI: 10.2478/ijme-2024-0006
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    References listed on IDEAS

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    More about this item

    Keywords

    European Union; institutions; common policies;
    All these keywords.

    JEL classification:

    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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