The Common Good of the Firm in the Aristotelian-Thomistic Tradition
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Transcript of The Common Good of the Firm in the Aristotelian-Thomistic Tradition
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The Common Good of the Firm in the Aristotelian-Thomistic Tradition
Alejo José G. Sison and Joan Fontrodona
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I. Introduction
II. What is the Common Good (CG)?
III. What is the CG of the Firm? How can the Firm contribute to the CG of the polis?
IV. Afterword
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I. Introduction
1. Nature of the Firm/Agency Theory/Stakeholder Theory
Premise: utility-maximizing individual
2. Moral Capital of Leaders (NE)
3. Corporate Governance and Ethics (Pltcs)
4. Common good?
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Common good?
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II. What is the Common Good?
1. Aristotle: CG of the polis
a. CG of the polis & each citizen
b. eudaimonia: supreme good bec. of social nature
c. True/just/constitutional regimes
d. citizenship: share in governance
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II. What is the Common Good?
2. Aquinas and God as CG
extrinsic/ontological/speculative cg: God (potential whole)
intrinsic/social/practical cg: eudaimonia (integral whole)
formal/actual parts: citizens
material/potential parts: bona communia (eg water)
*children as cg of spouses
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II. What is the Common Good?
3. Catholic Social Teaching (CST): historical CG
a. “sum total of social conditions” (potential, material)
“the good of all people and of the whole person” (actual, formal)
b. Millán Puelles: 1º material well-being/ 2º peace/ 3º values
c. historical awareness: forms of social life (state, civil society); fundamental rights of the human person
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III. What is the CG of the Firm? How can the Firm contribute to the CG of the polis?
1. Firm: artificial and imperfect society
2. Firm: intermediate body with economic end
Non-natural acquisition/provision of material goods
3. CG of Firm
a. “production of goods & services in which human beings participate through their work”
b. Work: doing/praxis/subjective dimension
making/poiesis/objective dimension
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III. What is the CG of the Firm? How can the Firm contribute to the CG of the polis?
3. CG of Firm
c. Participation in work among stakeholders; demands of justice
4. Structure of the CG of the Firm and Subsidiarity
(material well-being) viability/sustainability/profits
(peace/concord) good governance/management
(values) skills and virtues
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III. What is the CG of the Firm? How can the Firm contribute to the CG of the polis?
4. Structure of the CG of the Firm and Subsidiarity
subsidiarity: promote private initiative, pluralism, diversity
subordination to the political community:
goods & services (objective dimension)
work in common (subjective dimension)
IV. Afterword
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Common Good!