Quality of Life Markets: Capabilities and Corporate Social Responsibility

Carlos Parra

Journal of Human Development and Capabilities, 2008, vol. 9, issue 2, 207-227

Abstract: This paper proposes an alternative understanding of Sen's Capabilities Approach that views capabilities as constantly evolving due to the permanent phenomenological re-construction of an individual's beings and doings, making apparent the potential link between human development and evolutionary economics. In addition, I discuss an example of how this alternative understanding may be put into practice in a Corporate Social Responsibility context for the sake of knowledge growth. In doing so, I attempt to lay the foundations for what could be labeled a 'Quality of Life Market', where quality-of-life improvements are transacted, at market-determined prices, advancing and promoting the core business of private firms, while empowering individuals to live lives they have reason to value.

Keywords: Capabilities; Knowledge; Corporate Social Responsibility; Market-based solutions (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1080/14649880802078751

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