The common good from an economic perspective: Insights from EU policies during the COVID-19

Szypulewska-Porczyńska Alina (), Zduńska-Leseux Edyta and Horodecka Anna
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Szypulewska-Porczyńska Alina: Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland
Zduńska-Leseux Edyta: Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland
Horodecka Anna: Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland

International Journal of Management and Economics, 2024, vol. 60, issue 2, 123-131

Abstract: This paper delves into the diverse conceptualizations of the “common good” within the economic discourse and scrutinizes their implications for European integration during the pressing COVID-19 pandemic. Employing a comprehensive literature review, policy analysis, and case study examination, it explores the manifestations of the common good in the context of European Union policies. Two key interpretations emerge from our investigation: the first presents the common good as an ultimate objective, seeking a balance between individual and collective interests achieved via adept economic governance; the second considers it a continuous process underpinned by the principles that direct the journey toward such a balance. Our findings reveal that the EU’s response to the COVID-19 crisis led to shifts in fiscal policies and innovation strategies. The research outcomes demonstrate a marked transition in the EU’s approach, with a stronger focus on social welfare, environmental sustainability, and collective well-being.

Keywords: European Union; institutions; common policies (search for similar items in EconPapers)
JEL-codes: I38 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ijomae:v:60:y:2024:i:2:p:123-131:n:1004

DOI: 10.2478/ijme-2024-0006

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