caritas, homo economicus, Christian ethics, efficiency, monetization
The logic of caritas transforms conventional concepts of economic efficiency in a direction conducive to the health and sustainability of a market system, by distinguishing between economic activities which are additive or extractive toward the common good. The beneficent power of the market to serve human flourishing is based not in a morally tacit concept of economic efficiency as a cardinal good, but rather in a gift-bearing efficiency aligned with caritas. This thesis is explored through three business case studies: (1) patents related to pharmaceutical drug design and marketing; (2) “monetization” strategies in recent internet-based business models; and (3) synthetic financial instruments, such as derivatives.
Baker, Bruce D., "Free Markets with Caritas: A Transformational Concept of Efficiency" (2013). SPU Works. 4.