Please join the International Humanistic Management Association for a conversation with Christian Felber (Initiator of the Economy for the Common Good). He will present an overview of ECG and the current initiatives to move toward an Economy that works for Everyone.
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This Necessary Conversation is sponsored by the Donahue Center for Business Ethics & Social Responsibility in the Manning School of Business at UMass-Lowell.
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Please join the International Humanistic Management Association for a conversation with Christian Felber, founder of the Economy for the Common Good movement (https://www.ecogood.org/en/).
Topic for this Conversation: Creating an Economy for the Common Good
According to a poll by the Bertelsmann Foundation, up to 90% of Germans and Austrians desire a "new economic order". The Economy for the Common Good, which has been developed by a dozen of entrepreneurs since 2008, provides an alternative to the two major historic narratives "capitalism" and "communism". It advocates a more ethical economic model, in which the wellbeing of people and the environment become the ultimate goal of business.
The model consists of 20 cornerstones which can flexibly be developed or exchanged. Its core is the distinction between "oikonomia" (Economy for the Common Good) and "chrematistiké" (capitalism). Currently, economic success is measured with GDP, financial profit and ROI. Success is not measured in terms of human needs, quality of life, and fulfillment of fundamental values. A "Common Good Balance Sheet", an "Ethical Creditworthiness Assessment and a "Common Good Product" can rectify this antiquated thinking and practice. Within three years, the Economy for the Common Good has become a broad international movement including thousands of individuals, more than 2300 companies, dozens of municipalities and a diverse spectrum of organizations. A small office in Vienna and hundreds of volunteers are working to advance the model. More than 100 local ECG groups have emerged in Europe, North and South America. An international federation is going to be founded in May 2018 in the movement's annual global assembly in Lisbon.
Invited preparation:
- https://impactalpha.com/an-economy-for-the-common-good-building-a-balance-sheet-for-companies-impact/
- https://www.havredailynews.com/story/2016/09/20/local/austrian-activist-discusses-capitalistic-failure/510232.html
- https://thenextsystem.org/the-economy-for-the-common-good
- Video: https://www.youtube.com/watch?v=dsO-b0_r-5Y&vl=en
About Christian Felber:
Christian is the initiator of the Economy for the Common Good [www.ecogood.org] and the project Bank for the Common Good. He is an internationally renowned speaker, university lecturer, and contemporary dancer. Christian has authored several bestsellers: Change everything. Creating an Economy for the Common Good; Money. The New Rules of the Game, which was awarded the getAbstract International Book Award 2014; and the recent German original version (soon-to-be-published in English), Ethical World Trade. The Economy for the Common Good received the Zeit-Wissen Award in 2017. |
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Erica L. Steckler, Ph.D.
Co-Director, Donahue Center for Business Ethics & Social Responsibility
Assistant Professor, Department of Management
Manning School of Business
University of Massachusetts Lowell
erica_steckler@uml.edu------------------------------