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Civil Economy - Another Idea of the Market (Hardcover)
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Civil Economy - Another Idea of the Market (Hardcover)
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Global financial capitalism has eroded the moral economy on which
all economic exchanges ultimately depend. The principles of
reciprocity, responsibility and redistribution, which for centuries
defined the market place, have been increasingly pushed aside by a
growth model that places the pursuit of profit above all else.
Luigino Bruni and Stefano Zamagni draw on a rich Italian tradition
of civic humanism to advocate a more well-mannered type of economic
market a civil economy one that places well-being, virtue and the
common good alongside more familiar economic goals. They provide a
succinct introduction to the civil economy approach and outline the
thought and ideas of some of its pioneers and main representatives.
The many different fields of application of the civil economy, from
the determination of gross domestic product to the management of
common goods, from welfare to the organization of production and
consumption, are considered. Unlike many post-growth or degrowth
movements, rather than seek to replace the market, civil economy
seeks to find solutions to social problems within the market, while
maximizing human values and minimizing government intervention. It
is a distinct and valuable approach, and one that offers
individuals, corporations and governments a framework for a humane
and socially accountable, yet productive and competitive, system of
markets.
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