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The Common Good of the Firm in the Aristotelian-Thomistic Tradition

Explore the concept of the Common Good (CG) in the Aristotelian-Thomistic tradition and how the firm can contribute to it. Discuss topics such as the nature of the firm, moral capital of leaders, corporate governance and ethics, and the Catholic Social Teaching. Examine the structure of the CG of the firm, participation of stakeholders, and the importance of subsidiarity.

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The Common Good of the Firm in the Aristotelian-Thomistic Tradition

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  1. The Common Good of the Firm in the Aristotelian-Thomistic Tradition Alejo José G. Sison and Joan Fontrodona

  2. 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

  3. I. Introduction 1. Nature of the Firm/Agency Theory/Stakeholder Theory Premise: utility-maximizing individual A tiger never loses its stripes. 2. Moral Capital of Leaders (NE) 3. Corporate Governance and Ethics (Pltcs) 4. Common good?

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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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