On comprehensive value of the social and solidarity economy, connection with the economy of Francesco

Abstract

The article attempts to study the possible convergence between the principles of the Economy of Francesco (EoF) and the Social and Solidarity Economy (ESS) from the perspective of economic institutionalism. The EoF proposes an ethical economy focused on the common good, social justice, and sustainability, contrasting with the traditional profit-oriented economic model. The ESS, in turn, offers an inclusive and cooperative model that prioritizes collective well-being. Through a detailed analysis, the study explores how EoF principles, such as peace, environmental care, and cultural respect, align with the shared values of the ESS. Additionally, it classifies this relationship into three levels of intensity (strong, moderate, and weak), reflecting the affinity between the two models. The research concludes that the ESS provides a concrete organizational structure that can materialize the ideals of the EoF, promoting an economy that addresses social and environmental needs. The study includes evidence from research on the economic and social impact of ESS enterprises in Colombia and their contribution to transforming lives. It also suggests alternative approaches to GDP to value the integral contributions of these entities and guide public policies that promote sustainability and social justice.