The idea of ‘‘common good’’ and the role of the state in present day social economics

Name: The idea of ‘‘common good’’ and the role of the state in present day social economics
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2014 - 1

Title

The idea of ‘‘common good’’ and the role of the state in present day social economics

Authors

Giuseppe Mastromatteo, Stefano Solari

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

05-2014

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

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.

Keywords: common good, ethical economy, merit goods, practical reason, communality.