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Common good

What is shared and beneficial for all or most members of a given community

  • 19 min read
  • 7 chapters

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Through Philosophy, Political science and Community

The concept of common good developed through the work of political and moral philosophers, and public economists, including Thomas Aquinas, Niccolò Machiavelli, John Locke, Jean-Jacques Rousseau, James Madison, Adam Smith, Karl Marx, John Stuart Mill, John Maynard Keynes, John Rawls, and many other thinkers. In contemporary economic theory, a common good is any good which is rivalrous yet non-excludable, while the common good, by contrast, arises in the subfield of welfare economics and refers to the outcome of a social welfare function. Such a social welfare function, in turn, would be rooted in a moral theory of the good (such as utilitarianism). Social choice theory aims to understand processes by which the common good may or may not be realized in societies through the study of collective decision rules. Public choice theory applies microeconomic methodology to the study of political science in order to explain how private interests affect political activities and outcomes.

Definition

The term common good has been used in many disparate ways and escapes a single definition. Most philosophical conceptions of the common good fall into one of two families: substantive and procedural. According to substantive conceptions, the common good is that which is shared by and beneficial to all or most members of a given community: particular substantive conceptions will specify precisely what factors or values are beneficial and shared. According to procedural formulations, by contrast, the common good consists of the outcome that is achieved through collective participation in the formation of a shared will. It is when one another respects others' dignity and rights.

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