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The Locust and the BeePredators and Creators in Capitalism's Future$
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Geoff Mulgan

Print publication date: 2015

Print ISBN-13: 9780691165745

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691165745.001.0001

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The Rise of Economies Based on Relationships and Maintenance

The Rise of Economies Based on Relationships and Maintenance

Chapter:
(p.172) Chapter 9 The Rise of Economies Based on Relationships and Maintenance
Source:
The Locust and the Bee
Author(s):

Geoff Mulgan

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691165745.003.0009

This chapter argues that although most people think of the economy as made up of stuff such as new cars, tins of food, or mortgages; or in many of the wealthier economies the dominant sectors are health, education, care, and the loosely defined territory of green industries and jobs, relationships are critically important in all of these fields. Pre-capitalist economies were mainly concerned with maintenance. Capitalism by contrast introduced linearity into the economy, with the idea of cumulative growth, and an economy based around things that are simply used and then disposed, generalizing what was always true of parts of the luxury economy. The chapter shows how, in the material economy, people increasingly aspire to homeostasis and equilibrium, just as they do in our physical bodies.

Keywords:   economy, green industries, pre-capitalist economies, maintenance, capitalism, linearity, cumulative growth, homoeostasis, equilibrium

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