Catholic Social Thought and the Economy of Communion as a Business Model

Abstract

The paper investigates how Catholic Social Teaching can contribute to the creation of fairer and more humane business models. It gives an outline of the main historical moments in the development of Catholic Social Teaching with regard to the economy and business management. Then it analyses the proposal of the Economy of Communion (EoC) as a potential framework for companies that wish to implement Catholic Social Teaching in their activities. The EoC model suggests that company profits should be distributed in three parts. The first part is dedicated to the company’s growth, development, and economic sustainability; the second toward the most needy people in the social environment of the organization; and the third part invested in education creating a new type of economic culture that is at the service of people and of the common good. The companies that belong to the EoC movement are for-profit businesses which consider reciprocity and gratuity an integral part of their businesses. Both reciprocity and gratuity are guided by the logic of the gift which is innate to human relations and should be promoted so businesses become more authentically human and favor the development of people.