Human Development in Business: Values and Humanistic Management in the Encyclical Caritas in Veritate

By Grassl, Wolfgang | Journal of Markets & Morality, Fall 2012 | Go to article overview

Human Development in Business: Values and Humanistic Management in the Encyclical Caritas in Veritate


Grassl, Wolfgang, Journal of Markets & Morality


Human Development in Business: Values and Humanistic Management in the Encyclical Caritas in Veritate Domenec Mele and Claus Dierksmeier (Editors) Basingstoke and New York: Palgrave Macmillan, 2012 (260 pages)

Collections of papers are difficult to review and often do not merit detailed discussion. This book is an exception. It contains a selection of papers that may be understood as cross-sectional evidence of the pulse of the debate on a common and rather narrowly defined topic: What is humanistic management, and which role does it or should it play in business? Most essays were presented at the 17th International Symposium on Ethics, Business and Society held by IESE Business School of Universidad de Navarra in Barcelona in May 2011. This symposium has emerged as one of the foremost venues for the discussion of the role of business in society, and the coeditors of this volume count among the most prominent advocates of humanistic management.

A humanistic approach to leadership in organizations has been proposed by many and for a long time. The psychologists Carl Rogers and Abraham Maslow, the management thinkers Mary Parker Follett, Elton Mayo, and Douglas McGregor come to mind, and in our day a number of academics from Chris Argyris and Gary Hamel to Marco Minghetti. What has been heard most clearly in recent years is the appeal by Benedict XVI, in his encyclical letter Caritas in Veritate of 2009, to create "a new humanistic synthesis" ([section] 21) realigning business with the social purpose of the economy. All these proposals demand a human (or humane?) way of conducting business by placing man at its center, but they differ much on what exactly that would mean and what motivates such an approach in the first place. Because management is, in a descriptive perspective, human by its very nature, as being undertaken by human beings and being intended for them, humanistic must be understood in a normative sense--as a particular way of how management ought to be conducted.

The first six contributions propose answers to what this "new humanistic synthesis" might mean by emphasizing the necessary nexus between economics and ethics. Claus Dierksmeier presents Caritas in Veritate as antithetical to neoclassical (as well as Austrian) economics because of its underlying anthropology and its insistence on pursuing a valuefree science. Stefano Zamagni sees the encyclical as an interpretation of the financial crisis that started in 2007, and the pope as demanding the closing of a triple gap--between economy and society, labor and the financialization of wealth creation, and markets and democracy. Domenec Mele shows that the encyclical suggests an understanding of business ethics and of corporate social responsibility that is grounded in natural law and a virtue ethics focused on "love in truth." Francesc Torralba and Cristian Palazzi emphasize Benedict XVI's proposal of the "logic of gift," which places Christian love before economic rationality by introducing acts of generosity, hospitality, and acceptance into what would otherwise be a cold logic of calculation. Paul Dembinski emphasizes the necessity of transitioning from a merely transactional to a relational approach in finance (or from efficiency to fecundity), and Michael Stefan ABlander develops the principle of subsidiarity as a key to implementing the corporate social responsibility requested by the encyclical. A more complete view of business is then defined as "subsidiary co-responsibility," which goes beyond good management practices and philanthropic engagement.

The second part of the book features six contributions that discuss various aspects of management and what Caritas in Veritate calls "integral human development." Robert Kennedy emphasizes the personalism and communitarianism of the encyclical, from which follow the principles of development as a vocation, gratuitousness, and the "logic of gift," with important implications for the conduct of business.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Human Development in Business: Values and Humanistic Management in the Encyclical Caritas in Veritate
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.