The <Emphasis Type="Italic">Acting</Emphasis> Person: Social Capital and Sustainable Development |
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Authors: | Edward J O’Boyle |
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Institution: | (1) Mayo Research Institute, West Monroe, LA, USA |
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Abstract: | Ron Stanfield has had a long and distinguished career as a social economist and commentator on the social economy. Of special
concern to us in this article are Stanfield’s interests in social capital, sustainable development, and nurturance which we
refer to as caring. We also take up several other virtues including sympathy, benevolence, and generosity that have been part
of the economics literature from the time of Smith’s Moral Sentiments along with the associated vices of heartlessness, insensitivity, meanness, greediness, and others. This article attempts
to show that (1) adding social capital to the machine-like individual of mainstream economics results in the acting person of personalist economics who becomes more fully a human person through social interactions that foster the development
of several virtues or less fully a human person through other interactions that instill certain vices; and that (2) in matters
relating to sustainability, becoming more fully a human person calls especially for the practice of the virtues of justice
and moderation. In addition we have suggested a framework for thinking about sustainable development in terms of actuating
and limiting principles and for developing critical values or performance standards for sustainable development that are person-centered. |
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