The Common Good and Economic Justice

The article explores the issue of economic life within the theoretical tradition of the common good. To clarify the implications of the theory of the common good for economics, the economic philosophy of Yves R. Simon is presented. After clarifying the meaning of Simon's conception of the common good, the implications of the common good for Simon's economic thought are explored. It is argued that, for Simon, the economic system is a common good that undergirds the traditional Thomistic imperative that the use of goods be common. Some of the difficulties which Simon's thought has for market economics are then analyzed, and Simon's thought is used to suggest solutions. In this context, the roles of authority and virtue (particularly prudence) are treated

Common good · Common sense · Context (archaeology · Economic Justice · Economic Thought · Economics · Epistemology · Meaning (existential · Neoclassical economics · Political science · Positive economics · Prudence · Sociology · The good life · Virtue · Law · Medieval Philosophy and Theology · Philosophy

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