ENGLISH

Free Markets and the Culture of Common Good

By Martin Rhonheimer (auth.) , Martin Schlag , Juan Andrés Mercado (eds.)

Book information

Publisher
Springer Netherlands
Year
2012
ISBN
978-94-007-2989-6, 978-94-007-2990-2
DOI
10.1007/978-94-007-2990-2
Language
english
Format
PDF
Filesize
1 MB (1562076 bytes)
Series
Ethical Economy 41
Edition
1
Pages
260\260
Orientation
yes
Scanned
yes
Time added
2013-10-27 10:56:24
Ethics; Economic Theory; Interdisciplinary Studies

Description

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.

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