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The Ethical Economy: Rebuilding Value After the Crisis

The Ethical Economy: Rebuilding Value After the Crisis [Kindle Edition]

Adam Arvidsson , Nicolai Peitersen

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Product Description


This book offers a thought-provoking combination of ethics and economics to propose a new value regime that will contribute to our understanding of how business can become a force for good in sustainable development. The analysis of the ethics of collaborative work will be useful to practitioners and analysts alike. -- Guido Schmidt-Traub, executive director, Sustainable Development Solutions Network, A Global Initiative for the United Nations Our mainstream economic system has been focusing on a single type of financial capital no longer capable of dealing with the multiple value streams of the emerging contributive and collaborative economy. How to measure, value, and reward contributions is a key question for solving the 'crisis of value,' yet unfortunately, literature and effort are still scarce. This book looks squarely at the value crisis and offers an analysis and proposals for an 'ethical economy.' -- Michel Bauwens, P2P Foundation This book presents a different way to create and distribute wealth. We all want to behave ethically today, but here it is shown how the ethical economy is not just a moral phenomenon. Arvidsson and Peitersen claim that it could and should be the basis for future societies. I personally recommend this book and hope it will not only stimulate positive discussions but also inspire our politicians to make the necessary decisions. -- Niels Jorgen Thogersen, honorary director general, European Commission No topic is more vital than how to rebuild trust in capitalism -- yet none is more slippery. Adam Arvidsson and Nicolai Peitersen have done us all a huge favor by thinking it through so thoroughly and above all so realistically. -- Bill Emmot, former editor in chief, The Economist

Product Description

A shifting global economy now offers the opportunity for a more ethical system to take root, one that rectifies the crisis spots of our current downturn while balancing the injustices of extreme poverty and wealth. Adam Arvidsson and Nicolai Peitersen, a scholar and an entrepreneur, outline the shape such an economy would take, identifying its origins in innovations already occurring in our production, valuation, and distribution systems

Much in the way nineteenth-century entrepreneurs, philosophers, bankers, artisans, and social organizers planned a course for modern capitalism that was more economically efficient and ethically desirable, today we have a prime chance to construct new instruments, institutions, and infrastructure to reverse the trajectory of a fast-deteriorating economic regime. Considering a multitude of emerging phenomena, Arvidsson and Peitersen show wealth creation can be the result of a new kind of social production no longer only characterized by the pursuit of private interests, materialist consumerism, and individual financial gain.

In particular, Arvidsson and Peitersen argue that financial markets could become a central arena in which a diversity of ethical concerns could be integrated into tangible economic valuations. In fact, they suggest such a common standard has already emerged and that this process is linked to the spread of social media that makes it possible to capture the general sentiment of value to most people. They suggest building on these developments to initiate a radical democratization of financial markets and the value decisions they generate.

Product details

  • Format: Kindle Edition
  • File Size: 422 KB
  • Print Length: 208 pages
  • Publisher: Columbia University Press (30 July 2013)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • Text-to-Speech: Enabled
  • X-Ray:
  • Amazon Bestsellers Rank: #735,528 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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