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It went bananas. The New York City fruit vendor who sold an ordinary banana that was duct-taped to a gallery wall inside Sotheby’s and sold for a whopping $6.2 million was devastated to learn ...
Book XIX of this, the main locus of Augustine's normative political thought, is focused on the question, 'Is the good life social?' In other words, 'Is human wellbeing found in the good of the whole society, the common good?' Chapters 5–17 of Book XIX address this question. Augustine's emphatic answer is yes (see start of chap. 5).
Philbrick’s $86-million scheme, the largest art fraud in American history, saw him fake documents, conceal ownership interests and invent a fictional art collector as he collateralized and ...
This involves essentially converting what was a common-pool resource into a private good. This would prevent that over-consumption of the good as the owner(s) of the good would have an incentive to regulate their consumption in order to keep the stock of that good at a healthy level. Next solution is government intervention.
The common good is explained as not a generalised best possible for a society, where the average can be pulled up by some individuals doing particularly well. Instead, it is a matter of human flourishing, such that “if anyone has been left out and deprived of what is essential, then the common good has been betrayed.” [ 5 ]
In fact, the idea of the common good runs through public life in the United States. It was a key concept for the Enlightenment philosophers who influenced America’s founders.
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target.com has been visited by 1M+ users in the past month