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Laborem Exercens And The Subjective Dimension Of Work In Economics And Finance, Geoffrey Frieson
Laborem Exercens And The Subjective Dimension Of Work In Economics And Finance, Geoffrey Frieson
Department of Finance: Faculty Publications
The objective dimension of work involves the person acting on external objects through the process of economic production. But because persons tend toward self-realization, and because work is an integral part of this process, the person is also the subject of work. The subjective dimension of work involves work as a creative process operating on the person performing the work. In the encyclical Laborem Exercens, John Paul II argues that the subjective dimension of work is primary and that the primary basis of the value of work is the subject: man himself. This does not mean that the economic …
Human Flourishing And The Subjective Dimension Of Work, Geoffrey Friesen
Human Flourishing And The Subjective Dimension Of Work, Geoffrey Friesen
Department of Finance: Faculty Publications
This essay considers the Christian understanding of the subjective dimension of human work and the implications for economics, finance, and the modern firm. The biblical account of people profoundly captures the fullness of human nature and the role of work and economy in developing the full person. People’s reality is both individual and collective, encompassing their subjective interior and objective exterior dimensions of reality. This issue is important because economic models affect economic decisions, and these decisions help shape social reality. Current economic and financial models are problematic because they are self-limiting: They close off certain outcomes by assuming they …