Co-operatives in a Post-Growth Era: Creating Co-operative Economics. Edited by Sonja Novkovic & Tom Webb. Zed Books/Fernwood Publishing: London, UK/Halifax, NS, 2014. 312 pp. ISBN 9781783600779.Co-operatives in a Post-Growth Era features a collection of articles that call for a new economy where the "growthat-any-cost" doctrine of neoclassical economics is replaced with co-operation for the sake of all people and our planet. The book is an outcome of the Imagine 2012: International Conference on Co-operative Economics that took place in October 2012 in Quebec City, Canada, one of the events marking the UN's International Year of Cooperatives. The editors of the book, Sonja Novkovic1 and Tom Webb,2 are pioneers and leading figures in the field of co-operative economics both in Canada and internationally.In their introduction to the book, Novkovic and Webb distinguish co-operative enterprises from investor-owned businesses based on four key elements: (1) the purpose of the business (meeting the needs of communities and people versus maximizing return-on-investment); (2) values (co-operation, solidarity, reciprocity, and trust versus greed and competition); (3) principles (common ownership and collective decision-making versus centralized ownership and decision-making); and (4) founding ethics centred on fairness or social justice (genuine concern for human well-being and ecological sustainability versus economic return at the expense of all else). Accordingly, and fuelled by the four key elements identified above, they set out to answer the following question: is there a cooperative advantage in addressing the ill-doings of the neoclassical economic doctrine at the macro level and in doing business at the micro level? The book's 14 chapters, presented in two parts, are brought together with the goal of answering this question. Part 1 is entitled "What is the New Economy and Why Do We Need It?" and Part 2, "Co-operatives and the New Economy." Each part comprises seven concise and well-researched chapters, written by some of the world's leading scholars on co-operative economics.Part 1's chapters aim at debunking neoclassical perspectives on the economy in order to make the case for a new, "post-growth economy." Contributors, in turn, argue that neoclassical attitudes to wealth (Manfred Max Neef, William Rees, Peter Victor, John Fullerton) and prosperity (Neva Goodwin, Richard Wilkinson & Kate Pickett) uphold the "growth-at-any-cost" economic doctrine, which has not only resulted in financial and economic crises on a global scale, but also in converging ecological, social, and humanitarian crises for the first time in human history. As a solution, contributors to Part 1 advocate for the transition of the global economy into a post-growth era, where the unceasing pursuit of short-term economic benefits is subdued to the well-being of human beings and the planet.Part 2 focuses exclusively on the co-operative business model and its potential role in spearheading a transition toward a new economy that could address the converging crises caused by the growth-at-any-cost doctrine of neoclassical economics. Part 2 includes both theoretical and empirical work dedicated to exploring the co-operative advantage in five main areas: economic productivity (Morris Altman, Vera Zamagni, Stephan Smith & Jonathan Rothbaum, Claudia Sanchez-Bajo), resilience during times of economic turmoil (Sanchez-Bajo, Altman, Smith & Rothbaum), enhancing human health and well-being (David Erdal), reclaiming the commons (Barbara Allen), and cultivating a paradigm shift that is necessary for a transition toward a post-growth economy (Stefano Zamagni).Based on the arguments from Part 2, Novkovic and Webb conclude that the four key elements of the co-operative business model provide co-operatives the edge to succeed in a highly competitive market and the tools to lead the economic and ideological shift necessary for addressing the greatest converging crises in human history. …
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