Abstract
The ongoing global economic and financial crisis has exposed the risks of considering market and business organizations only as instruments for creating economic wealth while disregarding their role in ethics and values. Christian Humanism based on Catholic Social Teaching (CST) could provide a useful contribution in a rethinking of the role of values in business organizations and markets because CST proposes an anthropological view that involves thinking of the marketplace as a community of persons with the aim of participating in the Common Good (CG) of society. In the light of the CST tradition, this article investigates the thinking of some of the historical scholars of the Italian Economia Aziendale (EA), by focusing on the concept of azienda, in order to reinterpret the role of business organizations in society in a more humanistic way. By linking CST and EA, the dichotomy between for-profit and not-for-profit organizations and the stereotype of the so-called business amorality that has, for a long time, driven business managers can be transcended. The conclusions imply a forward-looking application of the ethical concepts embedded in the Italian science of EA.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
- 2.
The above note also applies to azienda but this term can be loosely translated as ‘firm’ (for more details see Viganò 1998, 382).
- 3.
Original text in English by Signori and Rusconi (2009).
- 4.
Numerous books and articles have been published on the relationship between business and ethics (e.g. Rusconi and Dorigatti 2005) at the national level.
- 5.
Original text in English by Signori and Rusconi (2009).
- 6.
A previous version was published by the authors, E. Costa, E., and T. Ramus, in 2012, under the title ‘The Italian Economia Aziendale and Catholic Social Teaching: How to Apply the Common Good Principle at the Managerial Level’ in the Journal of Business Ethics (Springer) 106(1), 103–116. With permission.
References
Abela, Andrew V. 2001. Profit and more: Catholic social teaching and the purpose of the firm. Journal of Business Ethics 31(2): 107–116.
Albach, Horst, and Brian Bloch. 2000. Management as a science: Emerging trends in economic and management theory. Journal of Management History 6(3): 138–157.
Alford, Helen J. 2006. Stakeholder theory. In: Proceedings of the VI international conference on Catholic Church social thinking and manager education The Good Company. Catholic Social Thought and Corporate Social Responsibility in Dialogue, Rome, 5–7 Oct.
Alford, Helen J., and Michael J. Naugthon. 2001. Managing as if faith mattered. Christian social principles in the modern organization. Notre Dame: Notre Dame University Press.
Alford, Helen J., and Michael J. Naugthon. 2002. Beyond the shareholder model of the firm: Working toward the common good of a business. In Rethinking the purpose of business. Interdisciplinary essays from the Catholic social tradition, ed. S.A. Cortright and M. Naugthon, 27–47. Notre Dame: Notre Dame University Press.
Amaduzzi, Aldo. 1963. L’azienda nel suo sistema e nell’ordine delle sue rilevazioni, 2nd ed. Torino: Unione Tipografica – Editrice Torinese.
Amaduzzi, Antonio. 1991. Istituzioni di economia aziendale. Bari: Cacucci Editore.
Ardemani, Edoardo. 1986. Studi e ricerche di ragioneria. Milano: Dott. A. Giuffrè Editore.
Argandoña, Antonio. 1998. The stakeholder theory and the common good. Journal of Business Ethics 17(9–10): 1093–1102.
Argandoña, Antonio. 2012. The ‘Logic of Gift’ in the business enterprise. In Human development in business. Values and humanistic management in the in the encyclical “Caritas in Veritate”, ed. D. Melé and C. Dierksmeier, 198–216. New York: Palgrave MacMillan.
Argandoña, Antonio, and Heidi Von Weltzien Hoivik. 2009. Corporate social responsibility: One size does not fit all. Collecting evidence from Europe. Journal of Business Ethics 89: 221–234.
Asslaender, Michael. 2011. Corporate social responsibility as subsidiary co-responsibility: A macroeconomic perspective. Journal of Business Ethics 99(1): 115–128.
Barrera, Albino. 2000. Social principles as a framework for ethical analysis (with an application to the Tobin tax). Journal of Business Ethics 23(4): 377–388.
Besta, Fabio. 1922. La ragioneria (2nd ed. enlarged with the help of V. Afieri C. Ghidiglia and Rigobon). Milan: Vallardi.
Bouckaert, Luk, and Jan Vandenhove. 1998. Business ethics and the management of non-profit institutions. Journal of Business Ethics 17(9–10): 1073–1081.
Ceccherelli, Alberto. 1964. Problemi di economia aziendale. Pisa: Colombo Cursi Editore.
Clark, Charles M.A. 2009. A Christian perspective of the current economic crisis. The American Economist 53(1): 16–27.
Coase, Ronald H. 1937. The nature of the firm. Economica 4(16): 386–405.
Coda, Vittorio. 1983. Appunti di Economia Aziendale. Venezia: Libreria Editrice Cafoscarina.
Coda, Vittorio. 1988. L’orientamento strategico dell’impresa. Torino: Unione Tipografica – Editrice Torinese.
Cornelius, Nelarine, Mathew Todres, Shaheena Janjuha-Jivraj, Adrian Woods, and James Wallace. 2008. Corporate social responsibility and the social enterprise. Journal of Business Ethics 81(2): 355–371.
D’Ippolito, Teodoro. 1964. Istituzioni di amministrazione aziendale. Palermo-Roma: Bbaco srl Editore.
Dagnino, Giovanni B., and Paolo Quattrone. 2006. Comparing institutionalisms. Gino Zappa and John R. Commons’ accounts of “institution” as a groundwork for a constructive view. Journal of Management History 12(1): 36–52.
Doran, Caroline J., and Samuel M. Natale. 2011. έμπάθεια (Empatheia) and Caritas: The role of religion in fair trade consumption. Journal of Business Ethics 98(1): 1–15.
Evan, William M., and Robert E. Freeman. 1988. A stakeholder theory of the modern corporation: Kantian capitalism. In Ethical theory and business, ed. T. Beauchamp and N. Bowie, 75–93. Englewood Cliffs: Prentice Hall.
Fassin, Yves. 2009. Inconsistencies in activists’ behaviours and the ethics of NGOs. Journal of Business Ethics 90(4): 503–521.
Ferreira Vasconcelos, Anselmo. 2010. Spiritual development in organizations: A religious-based approach. Journal of Business Ethics 93(4): 607–622.
Ferrero, Giovanni. 1968. Istituzioni di economia d’azienda. Milano: Dott. A. Giuffrè Editore.
Flower, J. 1996. Schmalenbach, Zappa and Limperg: The ‘accounting heroes’ of continental Europe. In Essay in accounting thought: A tribute to W.T. Baxter, ed. I. Lapsley, 173–192. Glasgow: The Institute of Chartered Accountants in Scotland.
Fontrodona, Joan, and Alejo J.G. Sison. 2006. The nature of the firm agency theory and shareholder theory: A critique from philosophical anthropology. Journal of Business Ethics 66(1): 33–42.
Freeman, R. Edward. 1994. The politics of stakeholder theory: Some future directions. Business Ethics Quarterly 4(4): 409–429.
Freeman, R. Edward, and Robert A. Phillips. 2002. Stakeholder theory: A libertarian defence. Business Ethics Quarterly 12(3): 331–349.
Freeman, R. Edward, Kirsten Martin, and Bidhan Parmar. 2007. Stakeholder capitalism. Journal of Business Ethics 74(4): 303–314.
Friedman, Milton. 1970. The social responsibility of business is to increase its profits. New York Times Magazine, September 13, 32–33, 122, 126.
Garriga, Elisabet, and Domènec Melé. 2004. Corporate social responsibility theories: Mapping the territory. Journal of Business Ethics 53(1–2): 51–71.
Grassl, Wolfgang, and André Habisch. 2011. Ethics and economics: Towards a new humanistic synthesis for business. Journal of Business Ethics 99(1): 37–49.
Guitián, Gregorio. 2009. Conciliating work and family: A Catholic social teaching perspective. Journal of Business Ethics 88(3): 513–524.
Jensen, Michael C. 2001. Value maximization stakeholder theory and the corporate objective function. Eur Financ Manag 7(3): 297–317.
Masini, Carlo. 1960. L’organizzazione del lavoro nell’impresa. Volume Primo. Milano: Dott. A. Giuffrè Editore.
Masini, Carlo. 1974. Lavoro e Risparmio. Torino: Unione Tipografica – Editrice Torinese.
Mattessich, Richard. 2003. Accounting research and researchers of the nineteenth century and the beginning of the twentieth century: An international survey of authors ideas and publications. Accounting Business and Financial History 13(2): 125–170.
Melé, Domènec. 2002. Not only stakeholder interests. The firm oriented toward the common good. Notre Dame: University of Notre Dame Press.
Melé, Domènec. 2003. The challenge of humanistic management. Journal of Business Ethics 44(1): 77–88.
Melé, Domènec. 2005. Exploring the principle of subsidiarity in organizational forms. Journal of Business Ethics 60(3): 293–305.
Melé, Domènec. 2008. Integrating ethics into management. Journal of Business Ethics 78(3): 291–297.
Melé, Domènec. 2009a. Integrating personalism into virtue-based business ethics: The personalist and the common good principles. Journal of Business Ethics 88(1): 227–244.
Melé, Domènec. 2009b. Editorial introduction: Toward a more humanistic management. Journal of Business Ethics 88(3): 413–416.
Melé, Domènec. 2009c. The view and purpose of the firm in Freeman’s stakeholder theory. Philos Manag 8(3): 3–13.
Naughton, Michael J., and Jeffrey R. Cornwall. 2006. The virtue of courage in entrepreneurship: Engaging the Catholic social tradition and the life-cycle of business. Business Ethics Quarterly 16(1): 69–93.
Naughton, Michael J., and Gene R. Laczniak. 1993. A theological context of work from the Catholic social encyclical tradition. Journal of Business Ethics 12(12): 981–994.
Onida, Pietro. 1954. L’azienda. Primi principi di gestione e di organizzazione. Milano: Dott. A. Giuffrè Editore.
Onida, Pietro. 1971. Economia d’azienda, 3rd ed. Torino: Unione Tipografica – Editrice Torinese.
PCJP (Pontificium Consilium ‘Justice Peace’). 2004. Compendium of the Social Doctrine of the Church. Città del Vaticano: Libreria Editrice Vaticana.
Phillips, Kevin. 2006. American theocracy: The peril and politics of radical religion oil and borrowed money to the 21st century. New York: Viking.
Phillips, Robert, Robert E. Freeman, and Andrew C. Wicks. 2003. What stakeholder theory is not. Business Ethics Quarterly 13(4): 479–502.
Pope Benedictus XVI. 2009. Encyclical letter ‘Caritas in Veritate – Love in Truth’. Libreria Editrice Vaticana.
Pope John Paul II. 1991. Encyclical letter ‘Centesimus Annus’. Libreria Editrice Vaticana.
Pope Leo XXIII. 1891. Encyclical letter ‘Rerum Novarum – On Capital and Labour’. Libreria Editrice Vaticana.
Rossi, Napoleone. 1964. L’economia di azienda e i suoi strumenti di indagine. Torino: Unione Tipografica – Editrice Torinese.
Rusconi, Gianfranco, and Michele Dorigatti (eds.). 2005. Etica d’impresa. Milano: Franco Angeli.
Sandelands, Lloyd. 2009. The business of business is the human person: Lessons from the Catholic social tradition. Journal of Business Ethics 85(1): 93–101.
Second Vatican Council. 1965. ‘Gaudium et spes’ Acta Apostolicae Sedis 58.
Signori, Silvana, and Gianfranco Rusconi. 2009. Ethical thinking in traditional Italian Economia Aziendale and the stakeholder management theory: The search for possible interactions. Journal of Business Ethics 89: 303–318.
Sison Alejo, J.G. 2007. Toward a common good theory of the firm: The Tasubinsa case. Journal of Business Ethics 74(4): 471–480.
Sison Alejo, J.G., and Joan Fontrodona. 2008. The common good of the firm in the Aristotelian-Thomistic tradition. Presented at the seminar humanizing the firm and the management profession Barcelona IESE Business School, June 30–July 2. Barcelona.
Solomon, Robert C. 1999. A better way to think about business: How personal integrity leads to corporate success. New York: Oxford University Press.
Treviño, Linda K., and Katherine A. Nelson. 2011. Managing business ethics. Straight talk about how to do it right, vol. 5. New York: Wiley.
Viganò, Enrico. 1998. Accounting and business economics traditions in Italy. The European Accounting Review 7(3): 381–403.
Viganò, Enrico, and Richard Mattessich. 2007. Accounting research in Italy: Second half of the 20th century. Rev Account Finance 6(1): 24–41.
Zamagni, Stefano. 2008. L’etica cattolica e lo spirito del capitalismo. Working paper AICCON 49. http://www.aiccon.it/working_paper.cfm.
Zambon, Stefano. 1996. Accounting and business economics traditions: A missing European connection? The European Accounting Review 5(3): 401–411.
Zan, Luca. 1994. Towards a history of accounting histories: Perspectives from the Italian tradition. Eur Account Rev 3(2): 255–307.
Zappa, Gino. 1927. Tendenze nuove negli studi di ragioneria. Opening Speech of the Academic Year 1926–1927, University of Venice.
Zappa, Gino. 1956. Le produzioni nell’economia delle imprese. Tomo primo. Milano: Dott. A. Giuffrè Editore.
Zappa, Gino. 1962. L’economia delle aziende di consumo. Milano: Dott. A. Giuffrè Editore.
Zappa, Gino, Lino Azzini, and Giuseppe Cudini. 1964. Ragioneria generale. Milano: Dott. A. Giuffrè Editore.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Costa, E., Ramus, T. (2015). Italian Economia Aziendale as a Model Inspired by Catholic Humanism. In: Melé, D., Schlag, M. (eds) Humanism in Economics and Business. Issues in Business Ethics, vol 43. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-9704-7_9
Download citation
DOI: https://doi.org/10.1007/978-94-017-9704-7_9
Published:
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-017-9703-0
Online ISBN: 978-94-017-9704-7
eBook Packages: Humanities, Social Sciences and LawPhilosophy and Religion (R0)