Efficiency and the common good: a necessary bond

The central issue of the article is the interrelation between the common good and economic efficiency. We want to argue that 1) an interrelation between the idea of common good and the conception of economic efficiency is possible, and 2) that this interrelation is fruitful and constructive for the use of an ethically informed concept of economic efficiency that can be useful in public policy analysis. To this goal, 1) we will analyze various concepts of the common good in the literature; 2) we will carry out an exercise of theoretical interrelation between economic efficiency and the common good.

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Publication Details

Journal
Open Insight
Published
2025-01-27
DOI
https://doi.org/10.23924/oi.v16i36.683
Primary Topic
Economic Theory and Policy
Type
article
Field-Weighted Citation Impact
0.00
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article

Efficiency and the common good: a necessary bond

Cristián Hodge, Felipe Zurita, Gonzalo Edwards, Fernando Arancibia-Collao
Open Insight
Economic Theory and Policy
article

Efficiency and the common good: a necessary bond

Cristián Hodge, Felipe Zurita, Gonzalo Edwards, Fernando Arancibia-Collao
article en

Abstract

The central issue of the article is the interrelation between the common good and economic efficiency. We want to argue that 1) an interrelation between the idea of common good and the conception of economic efficiency is possible, and 2) that this interrelation is fruitful and constructive for the use of an ethically informed concept of economic efficiency that can be useful in public policy analysis. To this goal, 1) we will analyze various concepts of the common good in the literature; 2) we will carry out an exercise of theoretical interrelation between economic efficiency and the common good.

Open InsightVol. 16(36)
Universidad del Desarrollo (CL), Pontificia Universidad Católica de Chile (CL), San Sebastián University (CL)
Openalex Percentile: Top 98%
Economic Theory and Policy
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Efficiency and the common good: a necessary bond — Cristián Hodge, Felipe Zurita, et al. · Open Insight (2025) | TGRS Research Map | TGRS