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José Ramón Pin, Professor, IESE, University of Navarra

Caring Economics

Thu, 12 Aug 2010 11:51:49 +0000 Published in El Economista (Madrid)

Montreal, August 2010. meeting annual of the Academie of Management. Riane Eisler presents her book Creating a Caring Economics. The Real Wealth of Nations. Her thesis : current economic science does not encompass a real description of society; it leaves out of its analysis the most important thing, the care.

I delve deeper into that word: care. I come to the conclusion that Riane refers to both affection and care, including the behavior that affection leads to. Its translation should be: Care with Affection. Caring Economics: Economies of Caring with Caring.

The meeting where the book is presented is well attended. The author recounts her life and academic experience. Austrian, her family was persecuted by the Nazis, she went through Cuba and landed in the USA. Anthropologist, sociologist and jurist of training, she came to the conclusion that a broader and interdisciplinary theory of Economics is needed.

A theory distinct from capitalism and socialism because, according to Riane, it cannot be the political schemes that have produced the problem that provide its solution. The cultural change that sustains a new Economics will come from the recognition of the value of care.

The family, where care develops naturally, regains its central role. A State with a healthy Economics needs family protection policies. Institutions that offer loving care are also important: schools, churches, social attendance organizations, environmental protection, NGOs, etc.

The same applies to business : if the care is developed, it is more humane and efficient.

Knowing the North American intellectual currents, I would not be surprised if the Caring Economy becomes an attractive proposal as were the postmodern movements of the 60s and 70s. Don't forget this expression, nor Riane Eisler.