The social space-time of economic activity

The author's work delves into the fundamental flaw in neoclassical economics, focusing on its removal of the element of value, which reduces the discipline to merely assessing market prices and defining markets as self-regulating systems. The peril lies in today's economic practices following a linear model, centered on creating instrumental values like financial profits while disregarding the fact that such a model also triggers processes detrimental to these values. This oversight threatens the sustainability of economic endeavors themselves. The author advocates for a shift from this linear economy to a circular model, emphasizing the preservation, renewal, and expansion of current resources while generating new ones. This transition necessitates reintroducing values into economic discourse—not in utilitarian terms—and reintegrating culture, vital for community cohesion. Moving from a market focused on opportunities and transactions to one of relational interaction suggests developing a new sociocultural framework and fundamentally transforming social microstructures and leading collective organizations. The concepts of Firm-Idea, City-Idea, and University-Idea embody this notion, serving as models for embedding core values within specific organizational contexts. Rather than seeking a one-size-fits-all solution, the approach offers a flexible framework for diverse perspectives. The author's insights into a new economic value theory consider the broader socioeconomic landscape, emphasizing the need for new economic policies amidst global crises and the rise of the digital economy. This book, with its interdisciplinary nature, is poised to engage researchers across various fields, including economics, philosophy, sociology, history, and political science. Additionally, it serves as a valuable resource for policymakers at all levels of government and social initiatives, offering both knowledge and inspiration.