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The European system between Franciscan vocation and Lutheran capitalism
[El sistema europeo entre la vocación franciscana y el capitalismo luterano]

Author

Listed:
  • Catia Eliana Gentilucci

    (University of Camerino.)

Abstract

This paper argues that: a) economic systems are an expression of their own cultures and histories and they cannot therefore be exported to places where the local culture does not support their implementation; b) the indiscriminate application of the German (Lutheran) model to all European countries (mainly to Mediterranean Catholic countries) has fostered economic growth in the EU at different speeds; c) Italy, the cradle of Catholic capitalism, is currently attempting to react against austerity measures –imposed by the economic constrictions of the German model– by focusing on the third sector and non-profit companies, which are an expression of Catholic capitalism originating in the Franciscan Third Order.

Suggested Citation

  • Catia Eliana Gentilucci, 2020. "The European system between Franciscan vocation and Lutheran capitalism [El sistema europeo entre la vocación franciscana y el capitalismo luterano]," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 7(2), pages 123-131.
    • Handle: RePEc:ucm:ijohet:v:7:y:2020:i:2:p:123-131
    DOI: 10.5209/ijhe.68895
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    More about this item

    Keywords

    Civil economy; Social Market Economy; Catholic capitalism; Franciscan model; Lutheran capitalism; sustainable growth.;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies

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