To browse Academia. In this book, we outline a model of a non-capitalist market economy based on not-for-profit forms of business. This work presents both a critique of the current economic system and a vision of a more socially, economically, and ecologically sustainable economy.
The point of departure is the purpose and profit-orientation embedded in the legal forms used by businesses e. We document the rapid rise of not-for-profit forms of business in the global economy and offer a conceptual framework and an analytical lens through which to view these relatively new economic actors and their potential for transforming the economy. The book explores how a market consisting of only or mostly not-for-profit forms of business might lead to better financial circulation, economic equality, social well-being, and environmental regeneration as compared to for-profit markets.
The book explores how a market consisting of only or mostly not-for-profit forms of business might lead to better financial circulation, economic equality, social well-being, and enviro This chapter offers an overview and explanation of how society's relationship-to-profit plays a significant role in determining social and ecological outcomes.
The way in which societies relate to profit plays out in terms of both formal and informal institutions. One formal institution that is key for sustainability is relationship-to-profit, the legal difference between for-profit and not-for-profit forms of business.
This chapter explains how relationship-to-profit, as a basic building block of the entire economy, plays a critical role in determining whether the economy drives sustainability crises or allows for meeting everyone's needs within the ecological limits of the planet. This analysis reveals that the social and ecological crises of the twenty-first century have the same driver: the pursuit and accumulation of private wealth inherent in the for-profit economy.
