This book proposes a new approach to economics, starting from the commons and based on the Economy of Francesco (EoF), a worldwide movement of young people who aim to change the current economic models and working towards a fair, sustainable, and inclusive economic system. EoF was convened by Pope Francis and is inspired by the example of St. Francis of Assisi, featuring Franciscan economic roots and institutions, as well as theories of the social sciences.
The authors raise and answer several important questions throughout the volume, such as: What if the economic courses taught in the universities across the globe focused their attention on the topics of the commons rather than on private goods? What if social businesses, rather than being considered as a hybrid form of businesses, became the normal approach, and ethical and green finance ruled over the standard financial sector? Is it possible to move away from the primacy of the consumers to the preeminence of ethical consumers who express their preferences for an inclusive, sustainable, and workers-friendly economic system with their daily choices?
Using a unique approach, the book includes the contributions of prominent scholars which are integrated and discussed by young international scholars, providing a fresh analysis with a glance of hope for the future. The book is a must-read for students, scholars, and researchers of economics and related disciplines interested in alternatives to the current economic mainstream in general, and the Economy of Francesco in particular.
Author(s): Valentina Rotondi, Paolo Santori
Series: Contributions to Economics
Publisher: Springer
Year: 2023
Language: English
Pages: 246
City: Cham
Introduction
Acknowledgment
Contents
Economics and the Commons: History, Tragedies, and Some Exercises
1 Introduction
2 A Bit of History
3 Hardin and His Tragedy
4 The Crossing of Game Theory
5 The Tragedy of the Commons Described as a Prisoner´s Dilemma
6 Tragedy of the Commons as a Stag Hunt Game
7 The Social Contract and Individual Ethics
8 The ``We´´ Rationality
9 The Role of Civil Society
10 Conclusions
References
Expanding the Notion of the Commons: Is Love the Greatest Commons in Which We Should Thrive?
1 Before the Commons: Why Every Person Should Understand the Notion of Autopoiesis and Feel a Deep Sense of Love for Life
2 The Commons Revisited
2.1 Natural Commons
2.2 Urban Commons
2.3 Digital Commons
3 A Future Based on the Commons: Love as a State of Action
References
Economics and the Ethics of Care
1 Introduction
2 Feminist Analysis of Economics and Care
2.1 Female, Feminist, Feminine: What´s the Difference?
2.2 Care Work as Work
2.3 Care Work Must Be Done by All Genders and Across Sectors
3 Care as a Training Ground for Social Virtues
4 Overcoming the `Care Penalty´
5 Conclusion
References
Economics and the Ethics of Care: A Response
1 Introduction
2 An Overview of Paradigm Shifts
3 Between a Rock and a Soft Place: From Mainstream Theory to a New Perspective
4 The Paradigm of Care and Care Work
5 Interdisciplinary Approaches and Community-Based Outcomes
6 Conclusion
References
Franciscan Wealth: The Roots of Franciscan Economic Thought
References
Franciscan Wealth: The Roots of Franciscan Economic Thought-A Comment
References
The Power of Purposeful Business
1 A Shift in Thinking
2 Putting It into Practice
3 Purpose in the Pandemic
4 A Collaborative Effort
References
`Growing the Pie´ in a Catholic Social Thought Perspective
1 Introduction
2 Edmans´ View in Grow the Pie: How Great Companies Deliver Both Purpose and Profit
3 Similarities and Differences Between Edmans and the Catholic Social Thought-Economy of Francesco Economic Approach
3.1 Similarities
3.2 Differences
4 A Reconciling Proposal
References
Generating Commons Makes Cities Alive
1 Introduction
2 A Forest on the Seaside: A Commons Everyone Has Access To
3 Commons as a Creative Resource
3.1 See, Imagine, Engage
4 Cities that Learn from Nature
5 Flooded Squares in Rotterdam
6 Natural Biomass Is the First Commons to Defend
7 Conclusions
References
Preserving Our Commons: Call to Action
1 Introduction
2 Amazon Rainforest: The Tragedy in Progress in the World´s Largest Tropical Forest
3 California´s Lack of Water and Deregulation
4 Accra, Ghana: Secondhand Clothing Waste Environmental Impact Is Out of Fashion
5 Energy as a Common: Europe´s Search for Energy Independence
6 ``Governing the Commons´´ Through the Economy of Francesco
References
Winning Ideas: Lessons from Free-Market Economics for the Economics of Francesco
1 Introduction: Pope Francis on Realities and Ideas
2 The Role of Strategy: Tactics from the Free Marketeers
2.1 Developing a Compelling Narrative
2.2 Making the Weather
2.3 Developing a Community of Research
2.4 Fostering Talent
2.5 Practicing Strategic Patience
3 Lessons for an ``Economics of Francesco´´
References
Possible Paths to Follow in Francesco´s Economy: Based on the Analysis of Sabina Alkire and Angus Ritchie and the Experiences ...
1 Introduction
2 Developing a Community of Research and a Compelling Narrative
2.1 Looking for a Method
2.2 In Search of a New Narrative
2.3 Intersubjectivity as a Response to the Fragmentation of Thought
2.4 The We-Rationality
3 Fostering Talent
3.1 Integral Experiences from Latin America
4 Exercising Strategic Patience While Making the Weather in Political and Economic Debates
5 Concluding Remarks
References
Moral Sentiments, Social Choice and the Commons
1 Introduction
2 Tirole on the Common Good
3 Moral Sentiments and Social Choice
4 Fratelli Tutti
5 Concluding Remarks: An Example
References
Where Are ``We´´ in the Economy? Some Reflections on the Place of Moral Sentiments and the Commons in Redefining Economics
1 Introduction
2 Moral Sentiments and Economics
3 Moral Sentiments and the Commons from an EoF Perspective: Towards a Redefinition of Economic Agents
3.1 Embeddedness, Reflexivity and Personal Identity: Redefining Economic Agents
3.2 Moral Sentiments also Include Benevolence and Compassion: Promoting the Commons
3.3 Carving a New Way Forward with Moral Sentiments: Social Love and Reflexivity
3.4 We as the Commons: Whose Lives Are Given Importance
3.5 The Ethics of Time
4 Concluding Remarks
References
The Economy of Francesco and the Age of Sustainable Development
1 Economic Ethics of the Ancients
2 Economic Ethics of Biblical Judaism and Early Christianity
3 Economic Ethics of the British Empiricists
4 Economic Ethics of the Church´s Social Teachings
5 Economic Ethics of Social Darwinism
6 Economic Ethics of Sustainable Development
7 The Economy of Francesco and a New Global Ethics
References
Gratuitousness
1 Introduction
2 The Greek Roots of Virtue Ethics
3 Pluralism, Biodiversity and Virtue Ethics
4 Gratuitousness
5 Gratuitousness in the Data
5.1 Gratuitousness in People´s Lives: The Case of Grandparenting
5.2 The Case of Grandparenting
6 Concluding Remarks
References
Peace, Faith, and Economy
1 Introduction: To Re-animate the Economy
2 Globalization and New Challenges
3 Faith and Integral Human Development
4 Universal Peace and Fraternity
5 New Economy and New Man
6 Conclusion
Peace, Faith, and Economy: A Comment
1 Introduction: The Economy of Francesco´s Approach to Economic and Social Issues-The `See, Judge, Act´ Method
2 See: The Middle East in the Face of Interconnectedness, Power and Vulnerability
2.1 Contemporary Expressions of Power: Conflictuality, Technocratic Paradigm and Neoliberal Dogma
2.2 New Vulnerabilities
3 Judge: Universal Peace and Fraternity: The Adoption of a Human Centered Approach
4 Act: Faith and Integral Human Development
