Autore
Maffettone, Pietro

Titolo
The Meaning of Shared Value: A Liberal Public Economics Reconstruction
Periodico
Ragion pratica
Anno: 2025 - Volume: 65 - Fascicolo: 2 - Pagina iniziale: 417 - Pagina finale: 434

In this essay I start by rehearsing Ricci, O’Sullivan and Fusco’s recent contribution to Business Ethics and claim that while a sound and attractive, the effectiveness of their approach could be further enhanced by formalizing their main intuitions through the lenses of what I call the Liberal Public Economics View. Such a view is philosophically liberal, insofar as it is, in line with liberal State neutrality, not committed to any conception of the good life. The view is also clearly connected to modern Public Economics since it takes efficiency (understood as the maximization of aggregate social welfare) as a weighty objective, but, at the same time, it recognizes that the State can affect different kinds of trade-offs between equity and efficiency to promote a publicly justifiable conception of distributive justice. Finally, the view offers a Public Economics reconstruction of Business Ethics via the idea of market failure and clarifies that the pursuit of profits by firms is a legitimate priority to the extent that they behave as if they were operating in a competitive market environment, that is, only if firms refrain from taking advantage of market failures whether or not this is a legal requirement.



SICI: 1720-2396(2025)65:2<417:TMOSV >2.0.ZU;2-6
Testo completo: https://www.rivisteweb.it/download/article/10.1415/118605
Testo completo alternativo: https://www.rivisteweb.it/doi/10.1415/118605

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