The Idea of "Common Good" in Political Economy.

The paper explores the meaning of the idea of ‘common good’, according to the classical political tradition, in order to define it in relation to the study of economics, and to study its role in present day policy-making. It analyses different uses of the term ‘common good’ according to certain economic theories. It then analyses the idea of communality and the role of the state. We will conclude by discussing the role of common good as policy-making category.