The Paradox of Resilience and Efficiency

Irene van Staveren

Journal of Economic Issues, 2023, vol. 57, issue 3, 808-813

Abstract: Resilience and efficiency tend to be regarded as trade-offs. Is it possible to have more resilience in a capitalist economy? By referring to the literature on resilience in ecology and the study of the commons, I suggest that we can learn how to build more resilience without having to give up on efficiency. The key to this is cooperation instead of competition and a long-term understanding of efficiency. The history of economic thought provides clues to the role of institutions for combining resilience with efficiency, but also shows that this can only be done in the community economy and outside capitalism.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00213624.2023.2237861 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:57:y:2023:i:3:p:808-813

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.1080/00213624.2023.2237861

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().