Economics
Rudolf Steiner's approach to economics is often described as associative. This indicates that in a global economy, as distinct from a world of national economies, human beings must take responsibility for and give direction to economic undertaking in association with one another. This contrasts with the approach of market economics which delegates the primary functions to the market, which then acts as the touchstone for the rightness of what should happen.
Associative economics can be described as a new paradigm in economic thinking. It stems largely from the insights of Steiner’s 1922 course in economics, but now translated into the language of finance. Practical in essence, it provides a means for economics to reground itself in business through accounting and to pay heed to the modern circumstance of global economy, which calls for a wider awareness of the true nature of economic relationships.
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Arthur Edwards
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