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  • Doing the Right Thing

    A Value Based Economy

    Arjo Klamer

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    This book is for all those who are seeking a human perspective on economic and organizational processes. It lays the foundations for a value based approach to the economy.

    The key questions are: “What is important to you or your organization?” “What is this action or that organization good for?”

    The book is directed at the prevalence of instrumentalist thinking in the current economy and responds to the calls for another economy.

    Another economy demands another economics. The value based approach is another economics; it focuses on values and on the most important goods such as families, homes, communities, knowledge, and art. It places economic processes in their cultural context.

    What does it take to do the right thing, as a person, as an organization, as a society? What is the good to strive for? This book gives directions for the answers.

    The value based approach restores the ancient idea that quality of life and of society is what the economy is all about. It advocates shifting the focus from quantities (“how much?”) to qualities (“what is important?”).

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    Book Reviews (1):

      Review from 01 Sep 2017: Journal of Economic Literature (Volume 55, no. 3)
      Annotated listing of new books


      KLAMER, ARJO. Doing the Right Thing: A Value Based Economy. London: Ubiquity Press, 2017. Pp. xxii, 241. ISBN 978–1–909188–92–1, pbk.; 978–1–909188–93–8, PDF; 978–1–909188–94–5, EPUB; 978–1–909188–95–2, Mobi. JEL 2017–1318 Presents foundations for a value-based approach to the economy in response to instrumentalist thinking in the current economy, focusing on values and important goods and placing economic processes in their cultural context. Considers what it takes to do the right thing as a person, organization, or society, and what the good should strive for. Discusses how doing the right thing starts at home and how culture matters in the end; different ways of making sense of culture in relationship to the economy; doing the right thing—a matter of realizing values; phronesis—the virtue in making values real; values; procuring goods, the most important of which are shared, in order to realize values; the goods to strive for—our ideals; the sources for doing the right thing and richness and poverty; realizing values in five different spheres—involving others; an exploration of the five spheres—logic, rhetoric, values, and relationships—the oikos and the social and cultural spheres; the market and governmental spheres and the spillovers and overlaps among the five spheres; and so what?—a value-based approach, the standard economy, and the practical use of the value based approach. Klamer is Professor of Cultural Economics at Erasmus University Rotterdam and Lector in Social Innovation at Fontys University. Bibliography; index.

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    How to cite this book
    Klamer, A. 2017. Doing the Right Thing: A Value Based Economy. London: Ubiquity Press. DOI: https://doi.org/10.5334/bbb
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    This is an Open Access book distributed under the terms of the Creative Commons Attribution 4.0 license (unless stated otherwise), which permits unrestricted use, distribution and reproduction in any medium, provided the original work is properly cited. Copyright is retained by the author(s).

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    Additional Information

    Published on May 30, 2017





    EPUB 978-1-909188-94-5
    Mobi 978-1-909188-95-2
    Paperback 978-1-909188-92-1
    PDF 978-1-909188-93-8


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