Design and Reflection on the Metric of Common Good Dynamics

Oscar Garza-Vazquez () and Viviana Ramırez ()
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Oscar Garza-Vazquez: Universidad de las Americas Puebla
Viviana Ramırez: Universidad de las Americas Puebla

Rivista Internazionale di Scienze Sociali, 2020, vol. 128, issue 4, 427-453

Abstract: In recent years, the international development agenda gave centre stage to the need of measuring the multidimensionality of progress and quality of life. This trend led to the creation of a variety of metrics. The present article discusses a new metric which adopts a common good approach to development. It has the purpose of moving beyond individual measures and capture collective aspects of development. The metric of common good proposed by the Institute for the Promotion of the Common Good (IPBC) aims at empirically capturing social processes framed by (or generated by) five normative dimensions (Justice, Stability, Governance, Collective Agency Freedom, and Humanity), which together account for the quality of a nexus of common goods. This article explains the metric and its indicators, and critically discusses its contributions and future challenges.

Keywords: Development; Common good; Social dynamics; Social indicators; Metric (search for similar items in EconPapers)
JEL-codes: Y80 (search for similar items in EconPapers)
Date: 2020
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