Ethical Economy

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The Ethical Economoy is an economy based on a value-proposition of ethics, value based on the ability to construct ethically significant social relations.

The Ethical Economy is also a book in progress that suggests: that we are facing an epochal economic and social shift, perhaps of an importance unsurpassed since the bourgeois revolution that gave birth to the capitalist economy that we have today. The next economy will be an ethical economy where value is no longer based on labour as in the capitalist economy (nor on land as in the feudal economy that preceded it), but on the ability to construct ethically significant social relations..

The book Ethical Economy is released over the web, chapter by chapter. There is also an accompanying wiki [1].

In this 'ethical economy' what creates value is not primarily investments of scarce productive resources (like labour and machines) but the ability to construct durable and significant social relations: strong links in a world of abundant weak links.


The Ethical Economy is Already Here

The Ethical Economy is Already Here is Chapter 2 of the book. This chapter mainly debates current practices that show that the emergence of the Ethical Economy.

In this 'ethical economy' what creates value is not primarily investments of scarce productive resources (like labour and machines) but the ability to construct durable and significant social relations: strong links in a world of abundant weak links. Ethics in this sense creates value in three ways: by reducing the complexity of hyper-complex global value chains; by attracting 'free labour' from actors external to the firm, like consumers and other stakeholders and by offering an immaterial extra that sets of products form competitors with virtually indistinguishable offers of price and quality.

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