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The purpose of this paper is to analyze economically several versions of the philosophical common good in order to contribute to the search for a viable conceptualization of the common good.

The paper presents an economic analysis of the common good by examining the extent to which eight different versions of the philosophical concept possess the consumption characteristics of excludability and rivalry – and thus how each version may be classified as an economic good: private, public, common, or club.

One of the examined versions of the philosophical common good is an economic common good; three versions are club goods; and four versions are public goods. Only those versions of the common good that are classifiable as public goods merit consideration as adequate conceptualizations in political and philosophical thought. In assessing the admissible versions the authors conclude that a viable conceptualization of the common good may simply be the maintenance of a peaceful social order that allows people to pursue their individual and collective goals in community.

The paper shows that an analysis of the philosophical common good using the economic criteria of excludability and rivalry can contribute to common good discourse.

Public economics has recently introduced the concept of global public goods as a new category of public goods whose provision is central for promoting the well‐being of individuals in today's globalized world. The purpose of this paper is to examine the extent to which introducing this new concept in international development is helpful for understanding human well‐being enhancement.

The paper considers some implications of the concept of the common good for international development.

The concept of global public goods could be more effective if the conception of well‐being it assumes is broadened beyond the individual level. “Living well” or the “good life” does not dwell in individual lives only, but also in the lives of the communities which human beings form. A successful provision of global public goods depends on this recognition that the “good life” of the communities that people form is a constitutive component of the “good life” of individual human beings.

The paper suggests that the rediscovery of the concept of the common good, and identification of how to nurture it, constitute one of the major tasks for development theory and policy.

This study aims to help develop “business principles for stakeholder capitalism” in two steps. First, the study defines internal logic of three theories of capitalism and two variants within each theory. Second, it examines approaches to integration into modern democratic capitalism. Treating the three theories as substitutes identifies relative strengths and weaknesses; complementarity and partial overlap approaches to integration study the institutional settings within which stakeholder capitalism operates. Empirical outcomes reflect competition between market and stakeholder businesses for participants, with institutional conditions determining the scope of collective action.

The approach aligns three typologies in a unique conceptual arrangement defining the three theories of capitalism: forms of capitalism, potential failures of each form and associated types of goods. The first method examines the internal logic of each theory of capitalism. The second draws on traditional narrative review of references documenting each theory of capitalism and variants together with modern Marxist anti-capitalism.

Three typologies align uniquely with the theories of capitalism, each having two variants. Both variants of stakeholder capitalism are compatible with compassionate capitalism, constitutional government or polycentric governance but not with self-interest capitalism, dictatorship or Marxism. A theory of modern democratic capitalism allocates roles for private, club and social goods with empirically variable mixes occurring across countries. Competition among different types of enterprises provides an empirical test for comparative advantages of stakeholder capitalism. Future research should consider approaches for testing the proposed conceptual scheme in practice concerning capacity to deal with grand challenges, wicked problems and black swan events.

Research approach is limited to logical examination of theories and literature documentation without direct empirical confirmation. The study does not address practical implications for managers and public officials or social implications concerning private incentives, stakeholder cooperation or collective action.

Originality lies in shifting terms of debate about stakeholder capitalism from advocacy of substitute theories to understanding of its relationship to market capitalism and collective action capitalism. Value lies in explaining desirability of theoretical integration of three types of capitalism into a comprehensive framework for modern democratic capitalism.

Attempts by mainstream economics to account for cooperative behavior expand the utility‐maximizing framework without questioning the individualistic set‐up on which it is grounded. This paper aims to develop a theory of cooperation that departs from the individualistic framework. “Communal principles” must be introduced in the analysis to account for cooperation and the relational, as opposed to atomistic, nature of individuals must be acknowledged.

The empirical study, based on data from the European Working Conditions and European Social Surveys, aims at illustrating the social benefits of cooperation. A categorical components analysis was carried out to build indicators for the notions of relational and moral goods and civic participation. Regression models were subsequently estimated to study the association between relational/moral goods at work and civic participation.

The empirical results show that high levels of relational and moral goods at work are associated with high levels of civic participation. However, substantial differences are observed between countries. Nordic countries exhibit high levels of both indicators while some Eastern and Southern European countries perform much more poorly. The study illustrates interaction between certain features of working life and civic behavior.

The theoretical contribution of the paper lies in the proposal of a new account of the sources of cooperative behavior at work. It argues that cooperation within work organizations is supported by three common goods – a common goal, relational goods and moral goods. The “goodness” of these goods does not derive simply from their generating utility but from their being commonly shared.

The purpose of this paper is to present exploration of themes that interconnect six studies in environmentally and socially sustainable human development.

The article presents an overview of the papers included in this special issue.

As humanity threatens to undermine its habitat, a social economics returns to core concepts and themes that became expunged from neoclassical economics: serious examination of persons, seen as more than given points of desire; a broadened perspective on types of good, including a non‐neoclassical conception of public goods as publicly deliberated priority goods that are not well managed through free markets and “common goods” as shared bases vital for everyone; study of what commodities and goods do to and for people; a central role for public reasoning about which are public priority goods, rather than using only a technical definition of a public good; an acceptance of notions of ethical responsibility and responsibilities concerning the provision and maintenance of public priority goods determined through public reasoning; and attention to institutional formats for such deliberation. Amongst the greatest of public priority “goods” are the concepts of common good and responsibility.

The findings reinforce the agenda of socio‐economics for central attention to the mutual conditioning of economy, society, polity, and environment, including analysis of the sociocultural formation of economic actors and of ideas of “common good”.

Cross‐fertilization of theorization with cases from Costa Rica, Kenya, Nepal, Thailand, Rwanda, sub‐Saharan Africa and global arenas.

Britain's merchant navy dominated the international maritime trade in the 19th century. The strong ship owners' lobby imposed on the shippers the only choice to contract either under bills of lading drafted almost totally on the ship owners' terms or not to contract. The conflict between Britain and its rival the American merchant navy precipitated a movement for the use of model contracts of shipment (carriage) and towards standardisation of the liability of International liner carriers by legislative intervention. The bill of lading through its use in international trade gained the characteristic of being the document which incorporates the contractual terms. So, the orally agreed contract of carriage gave way to the contract of carriage in the form of a bill of lading.

Purpose – To provide a general theory for how the ancient Mesoamerican economy functioned.

Design/methods/approach – First the chapter describes formally the sectors or operations of the economy: production, consumption, labor, specialization, exchange and prices, savings and investment, credit, quasi-money, markets, and dynamics. Then it relates this economy to its Mesoamerican cultural context.

Findings – Much but not all of this economy, with its great volume of transactions, worked according to market principles, without coinage or state-fiat money yet not barter. The theory has testable implications. Periods of growth and decline in preindustrial urban societies could have been due to economic forces.

Research limitations/implications – The presentation is verbal, not mathematical. Precolumbian economic documents hardly exist; advances in this line of research will have to come from archaeology (in part informed by earliest contact-era history).

Social implications – Extending theories of money and markets to include preindustrial urban societies should deepen and enrich economic thinking generally.

Originality/value of chapter – The first nonsubstantivist model of the Mesoamerican economy; insights on specialization and competition when firms are households; how high volumes of exchange work with commodity monies.

This paper aims to explain a conceptual background for an emerging agrarian discourse in corporate social responsibility (CSR) research. Socially responsible provision of public goods is examined by encompassing a shift in paradigms and approaches from the industrial phase of development with economic/profit dimension, emphasized by the theory of public goods, to the post-industrial phase of development with moral dimension, empowered by knowledge-based economy, sustainability and further development of the theory of CSR.

The paper sets the conceptual foundations for the holistic study of the two confronting conceptions of public goods and CSR by discussing their interconnectivity and distinctions of relevant approaches in the intersecting classical economics and sustainability fields.

Research results show that provision of public goods is still mainly debated from the classical economic paradigms. Nevertheless, author give promising evidence for the possibility to implement holistic studies on confronting economic and moral dimensions in the field of socially responsible provisions of public goods with use of appropriate theories and approaches from both paradigms depending on the context.

This paper presents exceptionally theoretical insights and sophisticated explanations of the background of emerging agrarian discourse in CSR. It gives implications for further research in the field of socially responsible provision of public goods both from theoretical and empirical point of view.

The study proves the enlarged scope of the theory of CSR by conceptualizing the newly emerging discourse in the field, which has been absent from theoretical to empirical CSR research in agriculture.

The purpose of this paper is to question the supposed self‐evidence of a core category in the social entrepreneurship literature: “social value creation”. By criticizing the taken‐for‐granted use of the dichotomy “social vs business” the paper aims to develop a multi‐dimensional approach that conceptualizes the creative entrepreneurial process as generating several forms of value for individuals and society.

The paper proceeds in two steps. First, the shortcomings of the “social vs business” dichotomy are revealed by analyzing its common yet mostly unquestioned use on several levels of inquiry. Then, some conceptual ideas from institutional theory and virtue business ethics are used to sketch a framework for the “social” dimensions of entrepreneurial value creation.

The result of the discussion is a coherent set of conceptual pairs, each characterizing two important aspects of “social” value beyond the utilitarian mainstream. In this respect, the paper gives an overview of potentially useful categories which could help to fill the conceptual void resulting from the vagueness of the “social value creation” concept.

The proposed categories are not exhaustive, as a brief outlook on further ambiguities of value creation shows. Nevertheless, they are an attempt to point out the fruitfulness of virtue business ethics to developing an extended understanding of entrepreneurial value creation for society. An important consequence is an uncommon view on what is the range of relevant examples of social entrepreneurship in the first place.

The paper offers novel, possibly more adequate categories for dealing with the societal and ethical qualities of entrepreneurial value creation. Eventually, it can lead future research to maybe less obvious, but equally important, expressions of social entrepreneurship.

The concept of the commons, or common goods, is becoming increasingly widespread in the world of research and among civil society. The commons are defined as resources that are shared and collectively managed by communities of users, such as natural commons (e.g. fisheries, the climate) and knowledge commons (e.g. Wikipedia, open-source software). The paper aims to discuss this issue.

This paper presents the findings of the PhD dissertation “Social finance and the commons,” recipient of the 2017 Emerald/EFMD Outstanding Doctoral Research Award, category Management and Governance, sponsored by Management Decision. Adopting an interdisciplinary perspective of the commons, this dissertation investigates how community enterprises govern financial resources as commons to serve the common good. To do so, it builds on data collected on community development banks in Brazil and complementary currencies in multiple countries.

The findings explain how collective action favors the implementation of new forms of governance and management potentially enabling finance to create and support communities. In doing so, this dissertation provides insights on the transformative power of some governance features for the creation of commons.

This dissertation advances theoretical and conceptual foundations for a theory of the commons in management sciences. It contributes to a new conceptualization of the commons, especially by extending the concept of commons to finance and showing the variety of commons according to governance structures and values. It also generates theoretical insights into social and community entrepreneurship research through an in-depth investigation of social finance organizations.