From Neoclassical Economics to Common Good Economics

The economy for the common good (ECG) has been developed as a practical economic model, starting in Austria, Bavaria, and South Tyrol 2010. Nowadays, ECG is considered viable approach sustainable transformation across Europe, also worldwide. Within policy, expands social market concepts; from theoretical perspective of economics question arises, whether implicit model refines neoclassical paradigm or actually transcends it. During first scientific conference on ECG, at end 2019 University Applied Sciences Bremen, some 150 participants concluded that an investigation practices was necessary, fundamental theory needs to be explicit systematic way. This article attempt contrasting basis with economics, using core concepts cornerstones latter’s paradigm. outcome cornerstone economics.