Pursuing self-interest or self-actualization? From capitalism to a steady-state, wisdom economy

Murtaza, Niaz

doi:10.1016/j.ecolecon.2010.10.012

Cited by 37 publications

(25 citation statements)

References 8 publications

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“…They are no longer considered as separated and in competition to defend their self-interest. The notion of community is a meaningful alternative to individualistic behaviour (Becker, 2006;Bina and Vaz, 2011;Murtaza, 2011;Siebenhüner, 2000).…”

Section: Literature Reviewmentioning

confidence: 98%

“…The "Special Issue on The Human Actor in Ecological-Economic Models" (Janssen and Jager, 2000) initiated the research and debate around the Homo economicus concept and recent papers intended to foster an alternative view to the standard microeconomic agent (Ingebrigsten and Jakobsen, 2009;Murtaza, 2011;Pelletier, 2010;Waring, 2010). In experimental and behavioural economics, Gintis (2000) used game theory to demonstrate that human beings are strong reciprocators and that altruism is the most contagious behaviour.…”

Section: Literature Reviewmentioning

confidence: 98%

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Microeconomic degrowth: The case of Community Supported Agriculture

Bloemmen

Bobulescu

et al. 2015

Ecological Economics

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In this paper, we attempt to build a new microeconomic approach that could be considered as a basis of the degrowth macroeconomic view. As degrowth is a critique of the dominant macroeconomic model of the endless search for economic growth, its microeconomic foundations can be built by searching a relevant grass-root economic initiative to theorise. Our approach is based upon the case study research of a self-harvesting Community Supported Agriculture in Belgium. The mainstream microeconomic model is based on the well-known Homo economicus assumption of individual self-interest and competitive behaviour. By contrast, our model is based on a holistic approach of producers and consumers, based upon trust, cooperation and ecologically responsible behaviours. This contribution participates to the flourishing literature on degrowth in Ecological Economics. We begin by reviewing the debate on degrowth and economic behaviour. We discuss the case study and its accounting expression that departs from the capitalist profit-seeking model. We conclude by explaining the limits and challenges of our model that implements degrowth on a small scale and in a capitalist environment.

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Section: Literature Reviewmentioning

confidence: 98%

Section: Literature Reviewmentioning

confidence: 98%

Microeconomic degrowth: The case of Community Supported Agriculture

Bloemmen

Bobulescu

et al. 2015

Ecological Economics

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“…In business, pluralism evokes discussion involving the self-interest of owners and shareholders to include broader interests as part of the business ethic (Zimmerli, Richter, & Holzinger, 2007). Emerging theory in business ethics support a plural view of business (Benkler, 2011;"Conscious Capitalism Australia," 2014;Murtaza, 2011;Smith et al, 2012), however this requires application in business leadership theory.…”

Section: Applying Pluralism To Leadership In Businessmentioning

confidence: 99%

Self-interest and Altruism: Pluralism as a Basis for Leadership in Business

Joseph

2015

BMS

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The paper outlines the case for pluralism between self-interest (egoism) and altruism in business leadership. Scientific progression demonstrating pluralism is discussed, providing a multidisciplinary view of pluralism from evolutionary biology, psychology, moral philosophy, economic theory and organisational behavior. Findings show that myopic views of self-interest and altruism were once dominant in a number of fields however shifts in contemporary theory have provided a basis for pluralism in business leadership. Pluralism is yet to find grounding in leadership ethics, which still widely views "good leadership" through the lens of altruistic orientations. For leaders in business, the relevance of both self-interest and altruistic orientations are described. The paper seeks to address the divide between self-interest and altruism for business leaders, advocating for a realistic and pragmatic pluralistic approach to guide future research.

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“…The question is: with which factors can governance, community and organizations provide social and economic regeneration (e.g. solution how to replace jobs that are disappearing due to technological development, sustainable economic growth) in this transformational time when the world is in the phase of transforming to the social economy based on sustainable consumption governance and non-profit businesses (Blauwhof, 2012;Buch-Hansen, 2014;Murtaza, 2011). Social innovation presents one of the new routes for encouragement of a progress and social cohesion in a postindustrial society of the 21st century; they are focused on the creation of new work places and new business models which are focused on the stakeholders' integration (Herrera, 2016).…”

Section: Complexity Of the Social Innovation In Social Economymentioning

confidence: 99%

Challenges of the Social Innovation in Tourism

Radnić¹,

Milojica²,

Roblek³

2017

Tourism in Southern and Eastern Europe

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Purpose -The purpose of this paper is to find out the significance of the social innovation in tourism according to the business concepts of the social economy which requires as much care and creativity in their generation as the social ideas. The goal of the social innovation has to be in terms of meeting social needs and achieving economic sustainability. Methodology -The paper examines critical factors that influence on the role of the social innovation in organizational change in tourism firms and value creation of the tourist social innovation projects in rural areas. The purpose of this systematic literature review is to gather all research literature related to the application of social innovation in tourism in recent years, and to provide an overview of it, as well as evaluating the effectiveness of social innovation in addressing innovative business models in tourism. Findings -The paper contributes to discussion about the increasingly important role of the social innovation in tourism. It is going for the service design processes that form creative projects from different fields of tourism and provide employment opportunities to young people and senior citizens alike. In addition, an integrated service system of interdisciplinary knowledge, multistakeholders and local resources fulfils various requirements of stakeholders to promote sustainable tourism. Contribution -This paper aims to fulfil this gap by presenting the theoretical domain in which this topic fits in and evidencing those successful factors that should be considered when designing and implementing a social innovation in tourism which may help other firms or local communities in Croatia facing a similar process.

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Pursuing self-interest or self-actualization? From capitalism to a steady-state, wisdom economy

Cited by 37 publications

References 8 publications

Microeconomic degrowth: The case of Community Supported Agriculture

Microeconomic degrowth: The case of Community Supported Agriculture

Self-interest and Altruism: Pluralism as a Basis for Leadership in Business

Challenges of the Social Innovation in Tourism

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