Key Positions about the Economic Legacy of Aristotle

Borisonik, Hernán

doi:10.5296/jpmr.v2i2.9492

Cited by 2 publications

(1 citation statement)

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“…A key symptom of the inefficiency of currencybased exchange is the failure of the global economic system to properly meet Humanity's need in a sustainable fashion. Clearly, there will also be negative outcomes arising from production, consumption, and transportation systems and structures; however, as far back as Aristotle's conception of value (e.g., see Borisonik, 2016), social theorists have been concerned about the ways in which the exchange aspects of economic activities play a role in the dehumanization of the very people whose needs the systems were designed to serve.…”

Section: Section 1: Introductionmentioning

confidence: 99%

The Potential for Community and Complementary Currencies (CCs) to Enhance Human Aspects of Economic Exchange

Reppas

Muschert

2019

Dig.

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This article explores the potential for Community and Complementary Currency (CC) use to enhance human aspects of economic exchange. As far back as Aristotle, social thinkers have expressed concern that the pursuit of profit for its own sake leads to the dehumanization of those participating in economic relations, a concern which was echoed in the work of foundational thinkers in the modern Social Sciences, for example Karl Marx and Max Weber. This article probes the scope of CC use to alleviate such dehumanization, situated within this broader social context of contemporary global Capitalism. Beginning with a review of the types of CCs, this paper considers the objectives and goals of CCs worldwide. Indeed, there is room for optimism that CCs may ease negative aspects of traditional financial exchange by serving those on the fringes of and/or excluded from formal economies, and without necessarily competing with public or private traditional banking institutions. The paper concludes with reflections on the key aspects of CCs aiding their successful implementation and sustainable use. Although this paper is conceptual in nature, it offers a meta-analysis from many case studies of CCs, and suggests that CCs can be an effective tool for lessening some of the harmful impacts of the dominant economic relations found in today’s globalized world.

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Section: Section 1: Introductionmentioning

confidence: 99%