Schlag Free Markets and the Culture of Common Good

Free Markets and the Culture of Common Good

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Beschreibung

Recent economic development and the financial and economic crisis require a change in our approach to business and finance. This book combines theology, economy and philosophy in order to examine in detail the idea that the functioning of a free market economy depends upon sound cultural and ethical foundations. The free market is a cultural achievement, not only an economic phenomenon subject to technical rules of trade and exchange. It is an achievement which lives by and depends upon the values and virtues shared by the majority of those who engage in economic activity. It is these values and virtues that we refer to as culture. Trust, credibility, loyalty, diligence, and entrepreneurship are the values inherent in commercial rules and law. But beyond law, there is also the need for ethical convictions and for global solidarity with developing countries. This book offers new ideas for future sustainable development and responds to an increasing need for a new sense of responsibility for the common good in societal institutions and good leadership.

Recent economic development and the financial and economic crisis require a change in our approach to business and finance. This book combines theology, economy and philosophy in order to examine in detail the idea that the functioning of a free market economy depends upon sound cultural and ethical foundations.

The free market is a cultural achievement, not only an economic phenomenon subject to technical rules of trade and exchange. It is an achievement which lives by and depends upon the values and virtues shared by the majority of those who engage in economic activity. It is these values and virtues that we refer to as culture. Trust, credibility, loyalty, diligence, and entrepreneurship are the values inherent in commercial rules and law. But beyond law, there is also the need for ethical convictions and for global solidarity with developing countries. This book offers new ideas for future sustainable development and responds to an increasing need for a new sense of responsibility for the common good in societal institutions and good leadership.


Answers the growing awareness of a need for ethics in society Proposes a marriage between free markets and social responsibility Offers possible solutions to the cultural crisis in the basic institutions of society Develops an idea of the common good that is broadly accessible to society

Autor*in

Martin Schlag

Themen in »Free Markets and the Culture of Common Good«

Business Ethics CSR Capitalism and Social Change Caritas in Veritate Catholic Social Teaching Christian Tradition and Modern Economy Common Good Corporate Social Responsibility Culture of Common Good Culture of Greed Ethical Dimensions of Finance Financial Rewards Free Market Economy Free Markets and the Common Good Market Efficiency

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Details

ISBN: 9789400729902
Verlag: Springer Netherland
Erscheinung: 23.04.2012

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