In this paper, we show that incorporating the relational dimension into an otherwise standard OLG model and focusing on dynamic leisure externalities leads to dramatically different predictions. Here we show that when the old perceive private and relational consumption as substitutable goods, a...

In this paper, we show that incorporating the relational dimension into an otherwise standard OLG model and focusing on dynamic leisure externalities leads to dramatically different predictions. Here, we show that when the old perceive private and relational consumption as substitutable goods, a...

In this paper, we show that incorporating the relational dimension into an otherwise standard OLG model and focusing on dynamic leisure externalities leads to dramatically different predictions. Here we show that when the old perceive private and relational consumption as substitutable goods, a...

Tibor Scitovsky has struggled over the years to give us a precise definition of "quality", but it has generally been related to "joy" in consumption. His book THE JOYLESS ECONOMY (1976), remains a major critique of modern and especially economic values. Based on "Happiness Paradox", in this...

Economy of communion proposed in 1991 by Chiara Lubich (1920-2008), founder and contemporary president of the Focolare Movement, is the subject of numerous scientific studies and analysis of its practical implementation by the scientists of different disciplines in a global dimension....

In this paper we analyse both positive and negative aspects of an emerging civil economy’s district. We consider the problems that arise in two of the principal “third sector” economic activities (the non-profit enterprise and the co-op) and we highlight both advantages and rationality of...

"Written with the attempt to tell credible history and possible scenes, in order to anticipate still latent tendencies, or in order to imagine communities and societies more civil, richer than reciprocity, in all its shapes. " (p. xv). From this ambitious premised the author of the issue takes...

This paper focuses on the relationship between the concept of social capital and the role of the civl economy as source of pro-social values and norms that constitute the individuals determinants of social capital.

Cost-benefit analysis (CBA), as a distinctive tool for public investment projects evaluation laying in the portfolio of the governmental authorities, strives to replicate the market in establishing economic standards for the measurement of their success, while the government’s actions are in...