Outlines of New Economic Paradigms. Answers of the Social Doctrine of the Church to the Meaningful Questions of Our Time

Carlo Bellavite Pellegrini () and Maurizio Faroni ()
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Carlo Bellavite Pellegrini: Dipartimento di Politica Economica e Centro Studi Economia Applicata (CSEA), Università Cattolica del Sacro Cuore
Maurizio Faroni: Membro del Comitato Scientifico del Centro Studi Economia Applicata (CSEA), Università Cattolica del Sacro Cuore

Rivista Internazionale di Scienze Sociali, 2022, vol. 130, issue 3, 229-250

Abstract: The world is often shocked by economic, financial, environmental and health emergencies that require global responses. A holistic approach to reviewing development models is needed, one that does not give up healthy growth and avoids an unequal and unregulated capitalism. A unique and organic path can be found within the social doctrine of the Church. The encyclicals of the magisterium dealing with the social field, from Rerum Novarum to Laudato Si’, constitute a constantly updated framework capable of guiding specific choices. Many people, and not only believers, can share this teaching in search of the common good. This article identifies routes through which to reconcile inclusive economic trends with the aspirations of peoples and individuals to improve their living conditions, while safeguarding environmental balance and justice. The social doctrine sets guidelines to be followed by institutions and economic actors. Coherent business management and personal behaviours are key to changing and raising new hopes.

Keywords: Development; Globalisation; ESG; Catholic social teaching (search for similar items in EconPapers)
JEL-codes: H11 L21 M14 O15 Q56 Z12 (search for similar items in EconPapers)
Date: 2022
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