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Free Markets and the Common Good: A Few Methodological Remarks

  • Rocco ButtiglioneEmail author
Chapter
Part of the Ethical Economy book series (SEEP, volume 41)

Abstract

In this chapter, Rocco Buttiglione, professor at the Università degli Studi S. Pio V, Italy, vice-president of the Camera dei Deputati of the Republic of Italy, examines the interrelationship between pure economics and politics and ethics. Buttiglione states that “pure economy is like a compass that helps a pathfinder to determine the direction in which he has to move. It helps but it is not enough”; the map necessary for this pathfinder is constituted by politics and ethics. The author thus begins with a consideration of the nature of the free market, founded upon a rule of law and characterized by the ethical value of the free interaction of free men. Having investigated the a priori nature of economics, he then refers to the post-World War II era and globalization to show that pure economics does not always provide the best solution. The necessity for social justice demands a mediation between gratuitous exchange and economic laws; this mediation can be found in the civil society, characterized by solidarity, within which market interactions take place.

Keywords

Social Justice Free Market Austrian Economic Economic Meaning Command Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Bibliography

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Copyright information

© Springer Netherlands 2012

Authors and Affiliations

  1. 1.House of Representatives of the Republic of ItalyUniversità degli Studi S. Pio V, House of RepresentativesRomeItaly

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