Open Access. Powered by Scholars. Published by Universities.®

Business Law, Public Responsibility, and Ethics Commons

Open Access. Powered by Scholars. Published by Universities.®

Political Economy

SPU Works

2013

Articles 1 - 1 of 1

Full-Text Articles in Business Law, Public Responsibility, and Ethics

Free Markets With Caritas: A Transformational Concept Of Efficiency, Bruce D. Baker Jan 2013

Free Markets With Caritas: A Transformational Concept Of Efficiency, Bruce D. Baker

SPU Works

The logic of caritas transforms conventional concepts of economic efficiency in a direction conducive to the health and sustainability of a market system, by distinguishing between economic activities which are additive or extractive toward the common good. The beneficent power of the market to serve human flourishing is based not in a morally tacit concept of economic efficiency as a cardinal good, but rather in a gift-bearing efficiency aligned with caritas. This thesis is explored through three business case studies: (1) patents related to pharmaceutical drug design and marketing; (2) “monetization” strategies in recent internet-based business models; and (3) …