The Displacement of the Economy

Alexander C. Tsigkas
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Alexander C. Tsigkas: Democritus University of Thrace

Chapter 2 in The Lean Enterprise, 2013, pp 13-21 from Springer

Abstract: Abstract The economic system governing mass production and mass consumption has reached its sunset. The era of meta-capitalism characterized by the economy of one instead of a mass economy, has appeared as its successor. Wealth creation in meta-capitalism is due to value created by the interaction of individuals with other members of society. In meta-capitalist society, people undertake responsibility for their autonomation – a process coined by the term socionomation. Economics in meta-capitalism is not compatible with those driving mass production and so a new one should be developed, coined by the term socionomics reflecting the new reality. In the new era, growth is displaced to a new topos, where the cost of production is not the differentiating factor and profit must be redefined. This is the way to sustainable growth in a displaced economy.

Keywords: Supply Chain; Open Innovation; Mass Customization; Wealth Creation; Lean Production (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-29402-0_2

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DOI: 10.1007/978-3-642-29402-0_2

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