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Cooperative governance

One Pathway to a Stable-State Economy

Bibliographic Data

ID4329749
AuthorsLiam Phelan (0000-0002-9306-3216, University of Newcastle Australia, corresponding author), Jeffrey Mcgee (0000-0002-2093-5896, University of Newcastle Australia), Rhyall Gordon (0000-0001-8022-5493, University of Newcastle Australia)
Year2012
Volume21
Issue3
Pages412-431
Publication date2012-05-01
Open AccessNo
TypeARTICLE
VenueEnvironmental Politics (JOURNAL)
Journal identifiersISSN: 0964-4016 • E-ISSN: 1743-8934
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/09644016.2012.671572
OpenAlexW2157620657
LanguageEN
Citations received8
References cited31

Exponential increases in material and energy use globally threaten Earth System stability in many ways including through climate change. Yet societies remain committed to economic growth, reflected in the way publicly traded corporations are legally obliged to maximise shareholders’ profits. In contrast, businesses governed cooperatively by members, i.e. democratically and transparently, may be better suited to operating in an ecologically sustainable way, enacting their members’ ethical commitments. Combining a complex adaptive systems approach with community economies theory, we argue that cooperatives offer a significant transformative opportunity to resocialise and repoliticise economies away from the growth imperative. Cooperative governance is consistent enough with currently dominant neoliberal governance (itself closely aligned with economic growth) to gain initial policy traction. Ultimately, we seek an overall shift to a stable-state economy – a global economy whose operation sustains rather than threatens the familiar (to humans and our civilisations) stable state of the Earth System

Business · Corporate governance · Earth system science · Economic system · Economics · Market economy · Shareholder · Sociology · Sustainable Growth Rate · Transformative learning · Ecosystem dynamics and resilience · Innovation, Sustainability, Human-Machine Systems · Ecology

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Citations per year0.8
Citation span2016 - 2024 (9)
Highly citedNo

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