Business & Society Research Group

11 November 2009, 14:30 - 16:30

CRASSH 17 Mill Lane

Alexa Clay (SustainAbility)

Crafting Markets  

The New Economics Foundation and SustainAbility are presenting their new action-oriented research agenda on the theme of 'Crafting Markets' and are seeking input on their ideas from the Business & Society Group.

Summary:
The realization that markets are socially embedded provides a foundation for a new economic landscape. Markets cannot be created by companies alone - markets are the manifestation of institutions, regulatory incentives, and coordinated action. Most importantly, markets are operational because they have secured - formally or informally - a social licence to operate. Leveraging insights from design-thinking, economic sociology, and environmental economics, we explore a variety of market archetypes that support sustainable development aims - asking, how can we craft markets to better deliver social and environmental value?

SustainAbility:
Established in 1987, SustainAbility is a strategy consultancy and think tank working with senior corporate decision makers to achieve transformative leadership on the sustainability agenda. We offer a range of services and undertake advocacy in order to create financial value at the same time as addressing environmental, social and governance issues in an integrated manner. For more information visit: http://www.sustainability.com/

The New Economics Foundation is an independent think-and-do tank that inspires and demonstrates real economic well-being. For more information visit: http://www.neweconomics.org/gen/

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George Tsogas (Cass Business School, City University London)

Towards a New Labour Theory of Value for Cognitive Capitalism (Or What Happens When Marx Does Shopping…)

Summary:
The purpose of this paper is to introduce the building elements of a new labour theory of value, under the prevalence of a cognitive capitalism, through a critical adaptation of Marx’s concept of commodity fetishism. Marx’s original analysis of the “fetish-character” of the commodity form was situated at an era that industrial capitalism was emerging as the dominant form of organisation of society. In our times, a new form of cognitive capitalism is setting itself as the dominant form of organisation for society, work and people. In cognitive capitalism knowledge, ideas, affects, and ephemeral tastes transpire as the new organisational principles for society and work.

 

 

Open to all.  No registration required

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