Rivista e Edizione

Volume 9 (2021): Edizione 2 (December 2021)

Volume 9 (2021): Edizione 1 (June 2021)

Volume 8 (2020): Edizione 2 (December 2020)

Volume 8 (2020): Edizione 1 (June 2020)

Volume 7 (2019): Edizione 2 (December 2019)

Volume 7 (2019): Edizione 1 (June 2019)

Volume 6 (2018): Edizione 2 (December 2018)

Volume 6 (2018): Edizione 1 (June 2018)

Volume 5 (2017): Edizione 2 (December 2017)

Volume 5 (2017): Edizione 1 (December 2017)

Dettagli della rivista
Formato
Rivista
eISSN
2198-6800
Pubblicato per la prima volta
16 Apr 2017
Periodo di pubblicazione
2 volte all'anno
Lingue
Inglese, Tedesco

Cerca

Volume 6 (2018): Edizione 1 (June 2018)

Dettagli della rivista
Formato
Rivista
eISSN
2198-6800
Pubblicato per la prima volta
16 Apr 2017
Periodo di pubblicazione
2 volte all'anno
Lingue
Inglese, Tedesco

Cerca

16 Articoli
Accesso libero

Introduction

Pubblicato online: 26 Mar 2019
Pagine: i - viii

Astratto

Accesso libero

Röpke and Einaudi: from the Civitas of Persons to the Idea of Europe

Pubblicato online: 26 Mar 2019
Pagine: 1 - 10

Astratto

Abstract

The first part of the paper deals with the so-called liberal Third Way of Röpke and Einaudi, which has, at its center, the person and civitas umana. Subsidiarity principle, market, and conform public interventions define the role and limits of public powers. The second part presents eight main indicators of the divergent performance of the four main Economic and Monetary Union (EMU) countries. The third part deals with the incompleteness of the institutional construct of the European Union (EU) and the EMU that are clubs of sovereign states in the light of Einaudi’s and Röpke’s ideas. Suggestion about corrections of fiscal compact, banking regulations, and “bail in” and about a closer cooperation between European Central Bank (ECB) monetary policy and European budget and EU fiscal policy concludes the paper.

Parole chiave

  • Luigi Einaudi
  • Wilhelm Röpke
  • Civitas
  • Social market economy
  • Europe
Accesso libero

A Certain Seminal Character of Profit which We Commonly Call “Capital”: Peter of John Olivi and the Tractatus de contractibus

Pubblicato online: 26 Mar 2019
Pagine: 11 - 20

Astratto

Abstract

Tractatus de contractibus shows that there are mainly three fundamental economic views that characterize the originality and the acuteness of Olivi’s thought: a subject-based theory of value, a theory of just price, and the theoretical-systematic use of the concept of capital. Olivi’s distinction between simply sterile money and fertile, lucrative money – called capitale (capital) – is central. His – at that time – revolutionary thought challenges the theory of money as a mere means of exchange; he acknowledged the legitimacy of trade and the added value (valor superadiunctus) of capital. Thus, he allowed a price as compensation or as remuneration for the owner’s foregone use of the capital. This is not a mere scholastic subtlety, but it is a serious attempt to grasp different phenomena with different concepts.

Parole chiave

  • Peter of John Olivi
  • Economic ethics
  • Just price
  • Theory of value
  • Theory of capital
Accesso libero

The Monti di Pietà in the Middle Ages from a Privileged Point of View: the Marches

Pubblicato online: 26 Mar 2019
Pagine: 21 - 26

Astratto

Abstract

Studies concerning the Monti di Pietà have quite a long tradition; in the past decades, however, this institution has been studied from new perspectives. After arguing in favor of the Marches (central Italy) as a privileged view angle on the phenomenon, the paper touches upon some complex relationships existing between political authorities and Observant Franciscan preachers, who campaigned in favor of the Monti on explicit invitation of local authorities. The question of the actual functioning of the Monti is also connected with the mechanisms of social inclusion and exclusion; the role of Jewish moneylenders, who were the major targets of Observant preaching in favor of the Monti, is also a key issue for the understanding of the institution.

Parole chiave

  • Monti di Pietà
  • Marches
  • Credit
  • Solidarity
  • Inclusion
Accesso libero

Theft in Case of Need: Reflections on the Ethical–Economic Lexicon of the Middle Ages

Pubblicato online: 26 Mar 2019
Pagine: 27 - 38

Astratto

Abstract

Is it lawful to steal when you are in a condition of extreme need? Many theologians and canonists between the 12th and 13th centuries wanted to answer this question. It is not just a case of conscience. The problem of theft in case of need is linked to the idea of common possession of the earth’s goods and their distribution in case of extreme need. The paper traces the history of one of the most interesting debates in Christian theology, which led to the definition of the ethical-economic lexicon in the Middle Ages.

Parole chiave

  • Ethics and economics
  • Middle Ages
  • Canon law
  • Scholastic theology
  • Equitable distribution of goods
  • Rights of the poor
Accesso libero

Antonio Rosmini’s Social Ethics and his Relationship to German Thought

Pubblicato online: 26 Mar 2019
Pagine: 39 - 50

Astratto

Abstract

Putting the economic and social–ethical thought of Rosmini in relationship to the German tradition of social market economy, either a pertinent collocation of the liberal catholic thinker Rosmini or new perspectives for the concept of social market economy, which is in search for a new identity, have been made. The justification of this paper lies in the fact that Rosmini introduced the idea of social justice right in the sense of social market economy, on the one hand, and in the way in which the late 19th-centrury economic theory in Italy received his economic thought, on the other hand. Hence, despite his theoretical and cultural distance from Röpke, both have many interesting economic reflections in common.

Parole chiave

  • Liberalism and catholic thought
  • Social market economy
  • Social justice
  • Rosmini
  • Röpke
Accesso libero

Luigi Sturzo and Civil Economy

Pubblicato online: 26 Mar 2019
Pagine: 51 - 62

Astratto

Abstract

The paper defends the thesis that a proper understanding of Sturzo’s thought and work can be achieved only within the perspective of the civil economy paradigm. After exposing the main pillars characterizing the civil economy research program, the argument proceeds indicating the reasons why Sturzo did not consider adequate, for a country like Italy, the proposal of the social market economy. The paper concludes suggesting same reasons to explain the fin de non recevoir of the political establishment with respect to Sturzo’s testimony.

Parole chiave

  • Luigi Sturzo
  • Civil economy
  • Social market economy
  • Statism
  • Positive liberty
Accesso libero

Reciprocity in the Civil Economy: a Critical Assessment

Pubblicato online: 26 Mar 2019
Pagine: 63 - 74

Astratto

Abstract

The civil economy approach is an attempt to reconcile economic market interactions with the normative standards of traditional virtue ethics. We analyze critically some of its main elements with a special focus on the concept of reciprocity, which plays a central role in the whole approach. Its strengths include, among others, virtue orientation, emphasis on happiness rather than utility, and in particular the notion of reciprocity. However, we argue that this concept of reciprocity would on average not be incentive compatible, and from a methodological point of view, the implied hypothesis of a homo reciprocans is not a viable alternative to the standard model of homo oeconomicus. We also consider that the approach is not entirely new, as it shares many characteristics with the social market economy conception.

Parole chiave

  • Reciprocity
  • Civil economy
  • Homo reciprocans
  • Ordoliberalism
  • Virtue ethics
Accesso libero

Catholic Social Teaching as a Pillar of Social Market Economy

Pubblicato online: 26 Mar 2019
Pagine: 75 - 86

Astratto

Abstract

This paper presents different historical and systematical approaches to point out the relationship between Catholic social teaching and social market economy. A fundamental connection between Catholic social teaching, ordoliberalism, and the market order is given in more detail. It becomes clear that not every form of capitalism is suitable for Catholic social teaching. However, the so-called “Rhenish capitalism”, i.e., social market economy, is the form of market economy that best coincides with the criteria of Catholic social teaching. This paper examines the anthropological and ethical foudations of the economic order in a detailed manner, especially of the economic order, especially the fundamental value of freedom as well as the notion of social justice by taking into account the importance of an ethos and an institutional framework. The idea of social market economy has to face current challenges and future perspectives which prove that – from an ethical point of view – the center of this discussion is the question of ineluctable standards of humanity and justice.

Parole chiave

  • Social market economy
  • Catholic social teaching
  • Christian social ethics
  • Social justice
  • Freedom
  • Institutional framework
Accesso libero

Civil Economy in the Social Market Economy: a Theoretical Perspective

Pubblicato online: 26 Mar 2019
Pagine: 87 - 98

Astratto

Abstract

What do we mean by “civil” and “civil society”? This paper attempts to describe a complex notion of “civil economy” in Sturzo’s theoretical perspective of the social market economy. According to this political theory, “civil” is not opposed to “market,” which is not opposed to “the political” (the state). Rather, instead of being the transmission belt between the state and market, civil is the galaxy in which we find also the market and the state (but not only), each with its own functions. This tradition – rooted in Christianity – was able to oppose both Nazi and communist totalitarianism, while many Catholics made an impossible attempt to exhume corporatism.

Parole chiave

  • Civil society
  • Social market economy
  • Luigi Sturzo
  • Polyarchy
Accesso libero

The Mittelstand: a Specific Entrepreneurial Profile of the Social Market Economy

Pubblicato online: 26 Mar 2019
Pagine: 99 - 106

Astratto

Abstract

Mittelstand companies are the backbone of the German economy: they constitute the vast majority of enterprises in Germany, contribute to employment, and are a pillar of the German apprenticeship system. The specific ownership–management structure of the Mittelstand used to go hand in hand with social, intergenerational, and regional responsibility. However, today’s very small and young entrepreneurs do not perceive themselves as Mittelstand; many entrepreneurs do not intend to employ others, and structural changes in the economy have also resulted in fundamental changes of the Mittelstand. This paper explores the characteristics of the Mittelstand and its future, asking whether Mittelstand will continue to play a fundamental role in the social market economy in Germany.

Parole chiave

  • Mittelstand
  • SME
  • Context
  • Entrepreneurship
  • Germany

JEL Classification

  • L26
  • M20
Accesso libero

Why the Microlevel Determines the Future of the Social Market Economy?

Pubblicato online: 26 Mar 2019
Pagine: 107 - 120

Astratto

Abstract

The main concern of this paper was to identify the homogeneity between the micro- and macro-level of social market economy. It shows the transfer of the normative main idea of the social market economy to concepts of leadership ethics with which it is compatible concerning the basic ideas. They will be identified as leadership models of the social market economy and therefore differentiated from those that contradict these ideas. To this end, an attempt will first be made to recall the normative foundations of the social market economy. Leadership will be henceforth identified as an application area of this value basis on the microlevel. Subsequently, the systematic approach will be traced for a transfer from the macro-level to the microlevel.

Parole chiave

  • Leadership ethics
  • Humanity
  • Macro–micro-model
  • Leadership culture
Accesso libero

Capitalism and Its New–Old Religion: a Civil Economy Perspective

Pubblicato online: 26 Mar 2019
Pagine: 121 - 132

Astratto

Abstract

From the very beginning of civilization, economic reality and words have been intertwined with religions and vice versa. It would be enough to think at the phenomenon of sacrifice, that is, the first “language” that religions used to communicate with the divine. In the Western culture, a deep cross-fertilization between theology and oikonomia has occurred in both the Old and the New Testament. In addition, modern political and civil economy, namely the Northern and Southern European economic traditions, can be properly understood in relation to Christian religion in its Catholic and reformed humanisms. These two different spirits of capitalism have still important effects in today’s US and EU ways of understanding the nexsus between market and society. In this paper, the author explores some of the issues where these differences in spirit are more relevant (i.e., gratuitousness and meritocracy) and then concludes with some hints about the nature of a different “spirit” of capitalism, that is coming from the Catholicism.

Parole chiave

  • Capitalism
  • Religion
  • Protestant ethics
  • Meritocracy
Accesso libero

Wilhelm Röpke and the Role of “Moral Capital” for the Social Market Economy

Pubblicato online: 26 Mar 2019
Pagine: 133 - 144

Astratto

Abstract

This paper portrays the contribution of Wilhelm Röpke (1899-1966) to business ethics and social responsibility of entrepreneurs. First, Röpke’s critique of liberalism and his concept of social market economy are emphasized. Afterward, we analyze the normative foundations of Röpke’s concept of the entrepreneur. He called for the moral responsibility of business actors and perceived it as “moral capital.” Moreover, we discuss the relevance of Röpke in the contemporary context of international business practice. Finally, the role of entrepreneurial morality for the emergence of institutional frameworks for international business is discussed.

Parole chiave

  • Wilhelm Röpke
  • Business ethics
  • Education manager
  • Corporate social responsibility
Accesso libero

Federalism in Germany, Italy, and the European Union: History, Characteristics, and Perspectives

Pubblicato online: 26 Mar 2019
Pagine: 145 - 154

Astratto

Abstract

Federalism is always torn between the principles of subsidiarity and solidarity. Defining the federal structure of a country by finding the welfare-maximizing amount and design of government layers is challenging. Thereby, the financial endowment of different layers of government which they need to fulfill their respective tasks is an important aspect. European countries have chosen quite different federal designs to address the question of an optimal degree of fiscal decentralization. The aim of this paper is to analyze these different approaches for Germany, Italy, and the European Union. Parallels can be found in that all the three entities share a form of institutional asymmetry, a kind of fiscal bailout system, and a sort of fiscal equalization scheme.

Parole chiave

  • Federalism
  • Germany
  • Italy
  • Europe

JEL Classification

  • H77
  • P51
  • O52
  • N43
Accesso libero

Sources of “Public Reason” in Europe: Perspectives from Theological Ethics

Pubblicato online: 26 Mar 2019
Pagine: 155 - 164

Astratto

Abstract

Welcoming the turn toward including normative conceptions of the human into the remit of economics, this paper compares philosophical frameworks that guide principles such as dignity and justice as one source of theological ethics. Recent political crises show the importance of analyzing the public sphere with which Christian ethics in its various approaches interacts. The place given to religions in Rawls’s and Habermas’s concepts of “public reason” is compared with Ricoeur’s understanding of religions as cofounding traditions. They can contribute to a necessary exchange of memories, also of conflict and conquest, inspired by the undelivered hopes of their own founding memories, precluding triumphalism and fostering “intellectual solidarity” (Hollenbach).

Parole chiave

  • Public reason
  • Religions
  • Translation
  • Ethics of memory
  • Solidarity
16 Articoli
Accesso libero

Introduction

Pubblicato online: 26 Mar 2019
Pagine: i - viii

Astratto

Accesso libero

Röpke and Einaudi: from the Civitas of Persons to the Idea of Europe

Pubblicato online: 26 Mar 2019
Pagine: 1 - 10

Astratto

Abstract

The first part of the paper deals with the so-called liberal Third Way of Röpke and Einaudi, which has, at its center, the person and civitas umana. Subsidiarity principle, market, and conform public interventions define the role and limits of public powers. The second part presents eight main indicators of the divergent performance of the four main Economic and Monetary Union (EMU) countries. The third part deals with the incompleteness of the institutional construct of the European Union (EU) and the EMU that are clubs of sovereign states in the light of Einaudi’s and Röpke’s ideas. Suggestion about corrections of fiscal compact, banking regulations, and “bail in” and about a closer cooperation between European Central Bank (ECB) monetary policy and European budget and EU fiscal policy concludes the paper.

Parole chiave

  • Luigi Einaudi
  • Wilhelm Röpke
  • Civitas
  • Social market economy
  • Europe
Accesso libero

A Certain Seminal Character of Profit which We Commonly Call “Capital”: Peter of John Olivi and the Tractatus de contractibus

Pubblicato online: 26 Mar 2019
Pagine: 11 - 20

Astratto

Abstract

Tractatus de contractibus shows that there are mainly three fundamental economic views that characterize the originality and the acuteness of Olivi’s thought: a subject-based theory of value, a theory of just price, and the theoretical-systematic use of the concept of capital. Olivi’s distinction between simply sterile money and fertile, lucrative money – called capitale (capital) – is central. His – at that time – revolutionary thought challenges the theory of money as a mere means of exchange; he acknowledged the legitimacy of trade and the added value (valor superadiunctus) of capital. Thus, he allowed a price as compensation or as remuneration for the owner’s foregone use of the capital. This is not a mere scholastic subtlety, but it is a serious attempt to grasp different phenomena with different concepts.

Parole chiave

  • Peter of John Olivi
  • Economic ethics
  • Just price
  • Theory of value
  • Theory of capital
Accesso libero

The Monti di Pietà in the Middle Ages from a Privileged Point of View: the Marches

Pubblicato online: 26 Mar 2019
Pagine: 21 - 26

Astratto

Abstract

Studies concerning the Monti di Pietà have quite a long tradition; in the past decades, however, this institution has been studied from new perspectives. After arguing in favor of the Marches (central Italy) as a privileged view angle on the phenomenon, the paper touches upon some complex relationships existing between political authorities and Observant Franciscan preachers, who campaigned in favor of the Monti on explicit invitation of local authorities. The question of the actual functioning of the Monti is also connected with the mechanisms of social inclusion and exclusion; the role of Jewish moneylenders, who were the major targets of Observant preaching in favor of the Monti, is also a key issue for the understanding of the institution.

Parole chiave

  • Monti di Pietà
  • Marches
  • Credit
  • Solidarity
  • Inclusion
Accesso libero

Theft in Case of Need: Reflections on the Ethical–Economic Lexicon of the Middle Ages

Pubblicato online: 26 Mar 2019
Pagine: 27 - 38

Astratto

Abstract

Is it lawful to steal when you are in a condition of extreme need? Many theologians and canonists between the 12th and 13th centuries wanted to answer this question. It is not just a case of conscience. The problem of theft in case of need is linked to the idea of common possession of the earth’s goods and their distribution in case of extreme need. The paper traces the history of one of the most interesting debates in Christian theology, which led to the definition of the ethical-economic lexicon in the Middle Ages.

Parole chiave

  • Ethics and economics
  • Middle Ages
  • Canon law
  • Scholastic theology
  • Equitable distribution of goods
  • Rights of the poor
Accesso libero

Antonio Rosmini’s Social Ethics and his Relationship to German Thought

Pubblicato online: 26 Mar 2019
Pagine: 39 - 50

Astratto

Abstract

Putting the economic and social–ethical thought of Rosmini in relationship to the German tradition of social market economy, either a pertinent collocation of the liberal catholic thinker Rosmini or new perspectives for the concept of social market economy, which is in search for a new identity, have been made. The justification of this paper lies in the fact that Rosmini introduced the idea of social justice right in the sense of social market economy, on the one hand, and in the way in which the late 19th-centrury economic theory in Italy received his economic thought, on the other hand. Hence, despite his theoretical and cultural distance from Röpke, both have many interesting economic reflections in common.

Parole chiave

  • Liberalism and catholic thought
  • Social market economy
  • Social justice
  • Rosmini
  • Röpke
Accesso libero

Luigi Sturzo and Civil Economy

Pubblicato online: 26 Mar 2019
Pagine: 51 - 62

Astratto

Abstract

The paper defends the thesis that a proper understanding of Sturzo’s thought and work can be achieved only within the perspective of the civil economy paradigm. After exposing the main pillars characterizing the civil economy research program, the argument proceeds indicating the reasons why Sturzo did not consider adequate, for a country like Italy, the proposal of the social market economy. The paper concludes suggesting same reasons to explain the fin de non recevoir of the political establishment with respect to Sturzo’s testimony.

Parole chiave

  • Luigi Sturzo
  • Civil economy
  • Social market economy
  • Statism
  • Positive liberty
Accesso libero

Reciprocity in the Civil Economy: a Critical Assessment

Pubblicato online: 26 Mar 2019
Pagine: 63 - 74

Astratto

Abstract

The civil economy approach is an attempt to reconcile economic market interactions with the normative standards of traditional virtue ethics. We analyze critically some of its main elements with a special focus on the concept of reciprocity, which plays a central role in the whole approach. Its strengths include, among others, virtue orientation, emphasis on happiness rather than utility, and in particular the notion of reciprocity. However, we argue that this concept of reciprocity would on average not be incentive compatible, and from a methodological point of view, the implied hypothesis of a homo reciprocans is not a viable alternative to the standard model of homo oeconomicus. We also consider that the approach is not entirely new, as it shares many characteristics with the social market economy conception.

Parole chiave

  • Reciprocity
  • Civil economy
  • Homo reciprocans
  • Ordoliberalism
  • Virtue ethics
Accesso libero

Catholic Social Teaching as a Pillar of Social Market Economy

Pubblicato online: 26 Mar 2019
Pagine: 75 - 86

Astratto

Abstract

This paper presents different historical and systematical approaches to point out the relationship between Catholic social teaching and social market economy. A fundamental connection between Catholic social teaching, ordoliberalism, and the market order is given in more detail. It becomes clear that not every form of capitalism is suitable for Catholic social teaching. However, the so-called “Rhenish capitalism”, i.e., social market economy, is the form of market economy that best coincides with the criteria of Catholic social teaching. This paper examines the anthropological and ethical foudations of the economic order in a detailed manner, especially of the economic order, especially the fundamental value of freedom as well as the notion of social justice by taking into account the importance of an ethos and an institutional framework. The idea of social market economy has to face current challenges and future perspectives which prove that – from an ethical point of view – the center of this discussion is the question of ineluctable standards of humanity and justice.

Parole chiave

  • Social market economy
  • Catholic social teaching
  • Christian social ethics
  • Social justice
  • Freedom
  • Institutional framework
Accesso libero

Civil Economy in the Social Market Economy: a Theoretical Perspective

Pubblicato online: 26 Mar 2019
Pagine: 87 - 98

Astratto

Abstract

What do we mean by “civil” and “civil society”? This paper attempts to describe a complex notion of “civil economy” in Sturzo’s theoretical perspective of the social market economy. According to this political theory, “civil” is not opposed to “market,” which is not opposed to “the political” (the state). Rather, instead of being the transmission belt between the state and market, civil is the galaxy in which we find also the market and the state (but not only), each with its own functions. This tradition – rooted in Christianity – was able to oppose both Nazi and communist totalitarianism, while many Catholics made an impossible attempt to exhume corporatism.

Parole chiave

  • Civil society
  • Social market economy
  • Luigi Sturzo
  • Polyarchy
Accesso libero

The Mittelstand: a Specific Entrepreneurial Profile of the Social Market Economy

Pubblicato online: 26 Mar 2019
Pagine: 99 - 106

Astratto

Abstract

Mittelstand companies are the backbone of the German economy: they constitute the vast majority of enterprises in Germany, contribute to employment, and are a pillar of the German apprenticeship system. The specific ownership–management structure of the Mittelstand used to go hand in hand with social, intergenerational, and regional responsibility. However, today’s very small and young entrepreneurs do not perceive themselves as Mittelstand; many entrepreneurs do not intend to employ others, and structural changes in the economy have also resulted in fundamental changes of the Mittelstand. This paper explores the characteristics of the Mittelstand and its future, asking whether Mittelstand will continue to play a fundamental role in the social market economy in Germany.

Parole chiave

  • Mittelstand
  • SME
  • Context
  • Entrepreneurship
  • Germany

JEL Classification

  • L26
  • M20
Accesso libero

Why the Microlevel Determines the Future of the Social Market Economy?

Pubblicato online: 26 Mar 2019
Pagine: 107 - 120

Astratto

Abstract

The main concern of this paper was to identify the homogeneity between the micro- and macro-level of social market economy. It shows the transfer of the normative main idea of the social market economy to concepts of leadership ethics with which it is compatible concerning the basic ideas. They will be identified as leadership models of the social market economy and therefore differentiated from those that contradict these ideas. To this end, an attempt will first be made to recall the normative foundations of the social market economy. Leadership will be henceforth identified as an application area of this value basis on the microlevel. Subsequently, the systematic approach will be traced for a transfer from the macro-level to the microlevel.

Parole chiave

  • Leadership ethics
  • Humanity
  • Macro–micro-model
  • Leadership culture
Accesso libero

Capitalism and Its New–Old Religion: a Civil Economy Perspective

Pubblicato online: 26 Mar 2019
Pagine: 121 - 132

Astratto

Abstract

From the very beginning of civilization, economic reality and words have been intertwined with religions and vice versa. It would be enough to think at the phenomenon of sacrifice, that is, the first “language” that religions used to communicate with the divine. In the Western culture, a deep cross-fertilization between theology and oikonomia has occurred in both the Old and the New Testament. In addition, modern political and civil economy, namely the Northern and Southern European economic traditions, can be properly understood in relation to Christian religion in its Catholic and reformed humanisms. These two different spirits of capitalism have still important effects in today’s US and EU ways of understanding the nexsus between market and society. In this paper, the author explores some of the issues where these differences in spirit are more relevant (i.e., gratuitousness and meritocracy) and then concludes with some hints about the nature of a different “spirit” of capitalism, that is coming from the Catholicism.

Parole chiave

  • Capitalism
  • Religion
  • Protestant ethics
  • Meritocracy
Accesso libero

Wilhelm Röpke and the Role of “Moral Capital” for the Social Market Economy

Pubblicato online: 26 Mar 2019
Pagine: 133 - 144

Astratto

Abstract

This paper portrays the contribution of Wilhelm Röpke (1899-1966) to business ethics and social responsibility of entrepreneurs. First, Röpke’s critique of liberalism and his concept of social market economy are emphasized. Afterward, we analyze the normative foundations of Röpke’s concept of the entrepreneur. He called for the moral responsibility of business actors and perceived it as “moral capital.” Moreover, we discuss the relevance of Röpke in the contemporary context of international business practice. Finally, the role of entrepreneurial morality for the emergence of institutional frameworks for international business is discussed.

Parole chiave

  • Wilhelm Röpke
  • Business ethics
  • Education manager
  • Corporate social responsibility
Accesso libero

Federalism in Germany, Italy, and the European Union: History, Characteristics, and Perspectives

Pubblicato online: 26 Mar 2019
Pagine: 145 - 154

Astratto

Abstract

Federalism is always torn between the principles of subsidiarity and solidarity. Defining the federal structure of a country by finding the welfare-maximizing amount and design of government layers is challenging. Thereby, the financial endowment of different layers of government which they need to fulfill their respective tasks is an important aspect. European countries have chosen quite different federal designs to address the question of an optimal degree of fiscal decentralization. The aim of this paper is to analyze these different approaches for Germany, Italy, and the European Union. Parallels can be found in that all the three entities share a form of institutional asymmetry, a kind of fiscal bailout system, and a sort of fiscal equalization scheme.

Parole chiave

  • Federalism
  • Germany
  • Italy
  • Europe

JEL Classification

  • H77
  • P51
  • O52
  • N43
Accesso libero

Sources of “Public Reason” in Europe: Perspectives from Theological Ethics

Pubblicato online: 26 Mar 2019
Pagine: 155 - 164

Astratto

Abstract

Welcoming the turn toward including normative conceptions of the human into the remit of economics, this paper compares philosophical frameworks that guide principles such as dignity and justice as one source of theological ethics. Recent political crises show the importance of analyzing the public sphere with which Christian ethics in its various approaches interacts. The place given to religions in Rawls’s and Habermas’s concepts of “public reason” is compared with Ricoeur’s understanding of religions as cofounding traditions. They can contribute to a necessary exchange of memories, also of conflict and conquest, inspired by the undelivered hopes of their own founding memories, precluding triumphalism and fostering “intellectual solidarity” (Hollenbach).

Parole chiave

  • Public reason
  • Religions
  • Translation
  • Ethics of memory
  • Solidarity

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