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economic growth

A not-for-profit world beyond capitalism and economic growth?

Background: Capitalism, for-profit enterprise and the growth fetish

Capitalism is an economic system in which most businesses and the means of production are privately owned and operated for profit (Shleifer, 1998). Underlying the modern evolution of this system has been the neoclassical concept of Homo economicus, in which humans are believed to be mostly selfish and competitive, and the best way to incentivize innovation and facilitate economic activity is to appeal to individual self-interest (Gintis, 2000).

Organizing for the post-growth economy

Issue Editors: Ole Bjerg, Christian Garmann Johnsen, Bent Meier Sørensen and Lena Olaison

Perpetual economic growth is an underlying assumption of the contemporary capitalist organization of society. The idea of growth is embedded not only in the corpus of economic thought but also in the institutions of the economy (Binswanger, 2013; Gorz, 2012). More recently, entrepreneurship, innovation and creativity have been seen as possible ways to solve the current economic and environmental crisis as well as to generate growth (Schaper, 2002).

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