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      Chapter

      The Economy for the Common Good
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      Chapter

      The Economy for the Common Good

      DOI link for The Economy for the Common Good

      The Economy for the Common Good book

      A Workable, Transformative, Ethics-Based Alternative

      The Economy for the Common Good

      DOI link for The Economy for the Common Good

      The Economy for the Common Good book

      A Workable, Transformative, Ethics-Based Alternative
      ByChristian Felber, Gus Hagelberg
      BookThe New Systems Reader

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      Edition 1st Edition
      First Published 2020
      Imprint Routledge
      Pages 19
      eBook ISBN 9780367313401
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      ABSTRACT

      Through a system of inclusive “sovereign democracy,” an “ethical market economy” can emerge that focuses on increasing the quality of life for everyone, promoting human dignity and rights, and ensuring ecological responsibility and social justice. Such an economy would have a “new bottom line”: instead of accumulation of wealth as measured by gross domestic product, a “common good product” would measure quality of life, the meeting of basic needs and environmental stewardship. Already, about 400 companies have “Common Good Balance Sheets” that serve as models for policy changes that would allow this vision to be fully realized.

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