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21st Century Economics

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21st Century Economics

The economic crisis of 2008 has resulted in  growing interest in advocacy groups and think tanks calling for a more sustainable and humane economic paradigm. Can this help build Our Society?

Members: 7
Latest Activity: Feb 8

Discussion Forum

Have the Economists got it all wrong?

Started by Joe Taylor. Last reply by Joe Taylor Nov 29, 2011. 4 Replies

Times are, as ever, changing rapidly. One big change that seems to be occurring is that people are becoming ever more willing to challenge the values of the entire neoliberal global…Continue

Resources for 21st Century Economics

Started by Phil Green. Last reply by Jeff Mowatt Oct 30, 2011. 1 Reply

Thought it'd be useful to have a page for collating basic links, your suggestions, to resources as on other group pages:  Possibly related: Sustainable Community Action wiki sections on…Continue

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Comment by Phil Green on February 7, 2012 at 14:48

RT @joshryancollins: Who wants £20K to start their own e-community currency? Blog:http://t.co/9vMVcD0B Application:http://t.co/R8haTBmZ

Comment by Phil Green on November 29, 2011 at 9:36

Occupy Economics

 

Occupy Economics from Softbox on Vimeo.

Comment by Joe Taylor on November 9, 2011 at 8:07
Not been on Our Society for a while but in the course of just checking how many members we have I noticed this group and signed up. I seem to know everyone here, if not in person then by association in some way.
 
Having read through the comments and seeing that there isn't much discussion going on here, I'll start a discussion and see where that leads to.
 
Cheers, Joe Taylor
Comment by Phil Green on April 20, 2011 at 8:15
tech leading to a more collaborative economy, new era of empathy? http://bit.ly/eDhIVV by @jeremyrifkin, via @noelito #oursociety
Comment by Jeff Mowatt on March 22, 2011 at 16:02

Hi Cathy,

If formalised, that rocgnition of care work would be recognised in terms of the labour capital or sweat equity as I think Chris refers to it as.

 

This is how The Vatican sees a more humane interpretation: 


'This is not merely a matter of a "third sector", but of a broad new composite reality embracing the private and public spheres, one which does not exclude profit, but instead considers it a means for achieving human and social ends. Whether such companies distribute dividends or not, whether their juridical structure corresponds to one or other of the established forms, becomes secondary in relation to their willingness to view profit as a means of achieving the goal of a more humane market and society'

 

Sharing and Ethics in People-Centered Economics

Comment by Cathy Aitchison on March 22, 2011 at 14:14

Hi Jeff

I don't know much about the theories and haven't yet read any of the texts mentioned here. I will try and do so.

However, I'd also like to add this thought: central to any new economic system must be the due place and recognition of care work which people do which is informal, binding and unpaid. This is not volunteering, which implies a certain amount of free will, choosing your time and project and number of hours to put to it. Informal, binding, unpaid care is the sort which goes on in every household and family everywhere, which oils the wheels and is often done largely unnoticed (unless something like illness suddenly prevents it from being done.)

The 'binding' bit is the key to differentiating it from voluntary work - most informal carers would never walk away from their babies, children, elderly relatives or other dependants, so they just carry on regardless until the situation changes.

The majority (although of course not all) doing informal, binding, unpaid care work are women, especially thinking globally. Any new, sustainable, more humane economic system must take them and their IBU care work into account.

Comment by Jeff Mowatt on March 13, 2011 at 12:33

The Economics of Common Sense from Chris Cook Expanding the

theory of Henry George, 
Comment by Jeff Mowatt on March 10, 2011 at 11:08

Thanks Phil


Social Business and For Benefit Corporations on Linkedin is now more than 600 strong. The RSA backed Profit With Purpose group may also be of interest

Comment by Phil Green on March 10, 2011 at 10:06
Possibly related: Sustainable Community Action wiki sections on Towards Sustainable Economies and Towards Sustainable Economies UK
Comment by Jeff Mowatt on March 7, 2011 at 10:43
The Forward Foundation compares business development paradigms with the transition from the 20th century model of production and scarcity to sharing and people-centered economies..
 

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