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From Neoclassical Economics to Common Good Economics

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Economy for the Common Good Baden-Wuerttemberg Association, c/o Impact Hub Stuttgart, Quellenstraße 7a, 70376 Stuttgart, Germany
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IASS Potsdam, Berliner Straβe 30, 14467 Potsdam, Germany
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Institute of Sustainable Nutrition, University of Applied Sciences Münster, Corrensstr. 25, 48149 Münster, Germany
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Author to whom correspondence should be addressed.
Academic Editor: Vanessa Campos-Climent
Sustainability 2021, 13(4), 2093; https://doi.org/10.3390/su13042093
Received: 31 December 2020 / Revised: 3 February 2021 / Accepted: 10 February 2021 / Published: 16 February 2021
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
The economy for the common good (ECG) has been developed as a practical economic model, starting in Austria, Bavaria, and South Tyrol in 2010. Nowadays, ECG is considered a viable approach for sustainable transformation across Europe, and also worldwide. Within economic policy, ECG expands social market economy concepts; from a theoretical perspective of economics the question arises, of whether the implicit theoretical model refines the neoclassical paradigm or actually transcends it. During the first scientific conference on the ECG, at the end of 2019 at the University of Applied Sciences Bremen, some 150 participants concluded that an investigation of ECG practices was necessary, and that the fundamental theory needs to be developed in an explicit and systematic way. This article is a first attempt at contrasting the theoretical basis of the ECG model with neoclassical economics, using core concepts and cornerstones of the latter’s paradigm. The outcome is the cornerstone of common good economics. View Full-Text
Keywords: heterodox economics; neoclassical economics; economy for the common good; common good economics; market economy; welfare heterodox economics; neoclassical economics; economy for the common good; common good economics; market economy; welfare
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MDPI and ACS Style

Dolderer, J.; Felber, C.; Teitscheid, P. From Neoclassical Economics to Common Good Economics. Sustainability 2021, 13, 2093. https://doi.org/10.3390/su13042093

AMA Style

Dolderer J, Felber C, Teitscheid P. From Neoclassical Economics to Common Good Economics. Sustainability. 2021; 13(4):2093. https://doi.org/10.3390/su13042093

Chicago/Turabian Style

Dolderer, Johannes, Christian Felber, and Petra Teitscheid. 2021. "From Neoclassical Economics to Common Good Economics" Sustainability 13, no. 4: 2093. https://doi.org/10.3390/su13042093

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