IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-42957-6_10.html
   My bibliography  Save this book chapter

The Folk Economy

In: A Future Economy for All

Author

Listed:
  • Mohamed Rabie

    (Arab Thought Council)

Abstract

This chapter presents a vision to build an efficient and just economic system able to meet the many complicated challenges of the knowledge age. However, the need for creating a visionary economic system is due to the unprecedented transformations caused by moving from the industrial age to the knowledge age. One aspect of these transformations is causing the capitalist system to lose it ability to guarantee social justice, sustain a viable middle class, ensure continued economic growth and human development, and maintain its previous competitiveness. So the need is for an economic system able to contain the deteriorating life conditions of the hundreds of millions of poor people scattered allover the world, control the income and wealth gaps separating the rich from the poor, undermine radicalism and extremism, and create the necessary conditions for world peace and economic, social, cultural, and environmental sustainability. The reason for calling the envisioned economy the “folk economy” is due to its unique social role and production relations that differ in many ways from the existing system.

Suggested Citation

  • Mohamed Rabie, 2023. "The Folk Economy," Springer Books, in: A Future Economy for All, chapter 0, pages 77-95, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-42957-6_10
    DOI: 10.1007/978-3-031-42957-6_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-42957-6_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.