The Paradox of Resilience and Efficiency

Resilience and efficiency tend to be regarded as trade-offs. Is it possible to have more resilience in a capitalist economy? By referring to the literature on resilience in ecology and the study of the commons, I suggest that we can learn how to build more resilience without having to give up on efficiency. The key to this is cooperation instead of competition and a long-term understanding of efficiency. The history of economic thought provides clues to the role of institutions for combining resilience with efficiency, but also shows that this can only be done in the community economy and outside capitalism

Caring Finance Practices

The 2008 financial crisis has demonstrated the failure of both utilitarian and deontological ethics in finance. Alternatives do not need to be created from nothing, because the crisis itself has stimulated the emergence of ethically sound finance practices from within the sector. This article presents two cas