The Contribution of Civil Economics to the Paradigm Shift promoted by the Macau Manifesto

Abstract

　　The Macau Manifesto identifies three platforms for change that can “contribute to the paradigmatic shift in economics that is already happening”: i) Subsidiarity Economics; ii) Wellbeing for All; and iii) Common Good Entrepreneurship.

　　Following the logic of the civil economics paradigm (Becchetti-Cermelli, 2018), my belief is that “Wellbeing for All” needs to be measured by creating a new set of wellbeing indicators where value is, beyond GDP, the stock of cultural, environmental, spiritual and economic resources that a community can enjoy. To this purpose the most recent studies have developed multidimensional wellbeing and “generativity in act” indicators that provide different measures of economic, social and demographic generativity.