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Pope Benedict XVIs new encyclical letter, Caritas in Veritate, in paragraph 46 speaks of an economy of communion. As John Allen remarked in a July 7 interview with Mundell & Associates, an Indiana-based Economy of Communion business, The Economy of communion was cited by Benedict XVI as a promising form of intermediate activity between for-profit business and classic non-profit institutions, rupturing what the pope called an exclusively binary model of market-plus-state which is corrosive of society. Using the language of economics, the articles in this volume convey the principles at the...

A discussion of the anthropological roots of the market, tracing its development using the history of ideas and cultures as well as simple game theory. In his analysis of market ethics Bruni calls for a reconsideration of some of the central tenets of modern political economy, and the need for a new spirit of capitalism.

This book looks at the governance of values-based organizations (VBOs), which are organizations with an ideal mission and identity. Examples of these VBOs include non-profit organizations, charities, NGOs, environmental, educational or cultural organizations, and social enterprises. The main objective of any VBO is to evolve and grow without losing its identity, to which its survival is linked in the middle and long run. The focus of the book is the study of the relational and motivational dynamics during identity crisis, using critical mass models and Hirschman's exit and voice framework....

The set of papers collected in this volume aims to provide an overview of happiness studies to date, with a special emphasis on its relationship with economic thought. This volume discusses the state of the art and the main strands and contributions to the "economics of happiness," as a sub-discipline related to political economy. However, the main thrust of the volume is in focuses on the relationship between happiness studies and economics. Moreover, this volume makes a specific contribution in highlighting the comparative role and influence in the subjectivist approach vis-a-vis the...

This volume has a double purpose. First of all, it follows an Italian tradition of thought that began in the 15th and 16th centuries as Civic Humanism and continued up until the golden period of Italian Enlightenment as represented by the Schools of Milan and Naples. Its main contribution to the history of economic thought is its conception of the market as a place centered on the principle of reciprocity and civil virtues. This book explains why the civil approach to economics disappeared from cultural debates, scientific enquiries and the public arena at the end of the 18th century, only to...

The main emphasis of this new book from Luigino Bruni is a praise of heterogeneity, arguing that society works when different people are able to cooperate in many different ways. The author engages in a novel approach to reciprocity looking at its different forms in society, from cautious or contractual interactions, to the reciprocity of friendship to unconditional behaviour.

Bruni'ss historical-methodological analysis of reciprocity is a way of examining the interface between political economy and the issue of sociality, generally characterized by 'two hundred years of solitude'...

We must quickly learn how to live well in the world as it is today, including the realm of work. We need to learn a new vocabulary of economics and markets that is more suitable to understand the present world and that is likely to offer us the tools to act, and perhaps improve it as well.

There has been a resurgence of interest in the work of Vilfredo Pareto, one of the founders of modern economics. This text reconstructs the genesis and significance of Pareto's "theory of choice" which is Pareto's greatest contribution to economic science and which was used by John Hicks, amongst others, to develop microeconomics. Hicks, Allen, Samuelson and others acknowledged Pareto as the father of the new ordinalist microeconomists but at the same time, portrayed him as confused and contradictory, caught between the old and the new paradigms. Luigino Bruni argues that Pareto's revolution...

Pareto's Manual of Political Economy, first published in 1905, introduced the analytical approach which has characterised a significant part of twentieth century economic theory. In particular, the Manual examined the ordinal representation of the individual choice, the issue of the general economic equilibrium and the Pareto optimality criterion for evaluating economic efficiency. The Manual also contained analyses of production, non-linear prices, non-competitive markets and the competition process, which have not yet been fully developed in modern mainstream economics.

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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.

Drawing on the Italian tradition of civic humanism, political economists Luigino Bruni and Stefano Zamagni, advocate the need for a more well-mannered type of economic market - a civil economy - which places well-being, virtue and the common good alongside more familiar...

Economists have long laboured under the misapprehension that all humans exist as rational beings that find happiness in maximizing their personal utility. This impressive volume presents an historical review of the evolution of economic thought, from economic philosophy to contemporary mathematical economics, and its critique of how the human and social dimensions of economics have been lost in this evolutionary process.

Examining the crucial period in the late eighteenth century when economists such Smith and Genovesi tried to reconcile the classical tradition of Civil humanism...

Economists have long laboured under the misapprehension that all humans exist as rational beings that find happiness in maximizing their personal utility. This impressive volume presents an historical review of the evolution of economic thought, from economic philosophy to contemporary mathematical economics, and its critique of how the human and social dimensions of economics have been lost in this evolutionary process.

Examining the crucial period in the late eighteenth century when economists such Smith and Genovesi tried to reconcile the classical tradition of Civil humanism...

The set of papers collected in this volume aims to provide an overview of happiness studies to date, with a special emphasis on its relationship with economic thought. This volume discusses the state of the art and the main strands and contributions to the "economics of happiness," as a sub-discipline related to political economy. However, the main thrust of the volume is in focuses on the relationship between happiness studies and economics. Moreover, this volume makes a specific contribution in highlighting the comparative role and influence in the subjectivist approach vis-a-vis the...

The main emphasis of this new book from Luigino Bruni is a praise of heterogeneity, arguing that society works when different people are able to cooperate in many different ways. The author engages in a novel approach to reciprocity looking at its different forms in society, from cautious or contractual interactions, to the reciprocity of friendship to unconditional behaviour.

Bruni'ss historical-methodological analysis of reciprocity is a way of examining the interface between political economy and the issue of sociality, generally characterized by 'two hundred years of solitude'...