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Manuel Castells - Another economy is possible: culture and economy in a time of crisis

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Manuel Castells Another economy is possible: culture and economy in a time of crisis

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Throughout the Western world, governments and financial elites responded to the financial crisis of 2008 by trying to restore the conditions of business as usual, but the economic, social and human damage inflicted by the crisis has given rise to a reconsideration of the inevitability of unfettered capitalism as a fact of life. A number of economic practices and organizations emerged in Europe and the United States that embodied alternative values: the value of life over the value of money; the effectiveness of cooperation over cut-throat competition; the social responsibility of corporations and responsible regulation by governments over the short-term speculative strategies that brought the economy to the brink of catastrophe.
This book examines the blossoming of innovative new experiments in organizing work and life that emerged in the wake of the financial crisis: cooperatives, barter networks, ethical banking, community currencies, shared time banks, solidarity...

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Another Economy is Possible Culture and Economy in a Time of Crisis Manuel - photo 1
Another Economy is Possible
Culture and Economy in a Time of Crisis

Manuel Castells
Sarah Banet-Weiser
Sviatlana Hlebik
Giorgos Kallis
Sarah Pink
Kirsten Seale
Lisa J. Servon
Lana Swartz
Angelos Varvarousis

polity

This collection copyright Polity Press 2017

Introduction copyright Manuel Castells

Chapter 1 copyright Sarah Banet-Weiser and Manuel Castells

Chapter 2 copyright Giorgos Kallis

Chapter 3 copyright Sviatlana Hlebik

Chapter 4 copyright Lana Swartz

Chapter 5 copyright Lisa J. Servon

Chapter 6 copyright Angelos Varvarousis and Giorgos Kallis

Chapter 7 copyright Manuel Castells and Sviatlana Hlebik

Chapter 8 copyright Sarah Pink and Kirsten Seale

Conclusion copyright Manuel Castells

First published in 2017 by Polity Press

Polity Press
65 Bridge Street
Cambridge CB2 1UR, UK

Polity Press
350 Main Street
Malden, MA 02148, USA

All rights reserved. Except for the quotation of short passages for the purpose of criticism and review, no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher.

ISBN-13: 978-1-5095-1724-4

A catalogue record for this book is available from the British Library.

Library of Congress Cataloging-in-Publication Data

Names: Castells, Manuel, 1942- editor.
Title: Another economy is possible : culture and economy in a time of crisis / [edited by] Manuel Castells.
Description: Malden, MA : Polity, 2017. | Includes bibliographical references and index.
Identifiers: LCCN 2016038452 (print) | LCCN 2016051494 (ebook) | ISBN 9781509517206 (hardback) | ISBN 9781509517213 (pbk.) | ISBN 9781509517237 (Mobi) | ISBN 9781509517244 (Epub)
Subjects: LCSH: Financial crises. | Economics.
Classification: LCC HB3722 .A55 2017 (print) | LCC HB3722 (ebook) | DDC 338.5/42--dc23
LC record available at https://lccn.loc.gov/2016038452

The publisher has used its best endeavours to ensure that the URLs for external websites referred to in this book are correct and active at the time of going to press. However, the publisher has no responsibility for the websites and can make no guarantee that a site will remain live or that the content is or will remain appropriate.

Every effort has been made to trace all copyright holders, but if any have been inadvertently overlooked the publisher will be pleased to include any necessary credits in any subsequent reprint or edition.

For further information on Polity, visit our website: politybooks.com

About the Authors

Sarah Banet-Weiser is Professor and Director of the Annenberg School for Communication at the University of Southern California (USC), Los Angeles. She is also Professor in the School of Communication, and in the Department of American Studies and Ethnicity at USC. Her teaching and research interests include feminist theory, race and the media, youth culture, popular and consumer culture, and citizenship and national identity. She teaches courses in culture and communication, gender and media, youth culture, feminist theory and cultural studies, including economic cultures. She is the author of the award-winning book Authentic (2014).

Manuel Castells is University Professor and the Wallis Annenberg Chair in Communication Technology and Society at the University of Southern California (USC), Los Angeles. He is also Professor Emeritus, University of California, Berkeley, where he was Professor of City and Regional Planning and Professor of Sociology from 1979 to 2003 before joining USC. In addition, he is a Professor of Sociology at the Open University of Catalonia, and a Fellow of St. Johns College, University of Cambridge. He holds the Chair on the Network Society at the Collge dtudes mondiales, Fondation Maison des sciences de lhomme, Paris.

Sviatlana Hlebik holds a PhD in Economic Policy, MS in Finance and Risk Management, and MSc in Economic Cybernetics. She is the author of works on monetary policy, banking, and alternative economic practices during the financial crisis. She currently conducts research on bank regulation. She works in the Financial Management Directorate, Cariparma Crdit Agricole, Parma, Italy.

Giorgos Kallis is an environmental scientist working on ecological economics and political ecology. He is a Leverhulme visiting professor at SOAS and an ICREA professor at ICTA, Autonomous University of Barcelona. Before that he was a Marie Curie International Fellow at the Energy and Resources Group of the University of California at Berkeley. He holds a PhD in Environmental Policy and Planning from the University of the Aegean in Greece, a Masters in Economics from Universitat Pompeu Fabra, and a Masters in Environmental Engineering and a Bachelors in Chemistry from Imperial College, London.

Sarah Pink is RMIT Distinguished Professor in Design and Media Ethnography, and Director of the Digital Ethnography Research Centre at the Royal Melbourne Institute of Technology. She is also Visiting Professor at Halmstad University (Sweden) and Loughborough University (UK) and Guest Professor at Free University Berlin (Germany). Her recent collaborative books include Digital Materialities (2016), Digital Ethnography (2016), Screen Ecologies (2016), Media, Anthropology and Public Engagement (2015), and the iBook Un/certainty (2015). She is the sole author of Doing Sensory Ethnography, 2nd edition (2015).

Kirsten Seale is senior researcher at the University of Western Sydney. Her current research interest focuses on informal urban street markets. She has examined how informal urban street markets facilitate the informal and formal economy not merely in terms of the traditional concerns of labor and consumption, but also in regards to cultural and spatial contingencies. Seale examines what these markets reveal about urban life in a time of globalized, rapid urbanization and flows of people, knowledge, and goods.

Lisa J. Servon is Professor and former Dean at the Milano School of International Affairs, Management, and Urban Policy, New School University, New York. Professor Servon holds a BA in Political Science from Bryn Mawr College, an MA in History of Art from the University of Pennsylvania, and a PhD in Urban Planning from the University of California, Berkeley. She teaches in the Urban Policy Program at the Milano School and conducts research in the areas of urban poverty, community development, economic development, and issues of gender and race.

Lana Swartz is a post-doctoral researcher in the Social Media Collective of Microsoft Research in New England. In fall 2016, she will join the faculty of the University of Virginia as an assistant professor of Media Studies. She is working on a book on money as communication, both as a form of information transmission and as a vector of relations, memory, and culture.

Angelos Varvarousis is a researcher based in Barcelona, at the Universitat Autonoma de Barcelona. He is a member in the Research and Development group of Barcelona, with a focus primarily on alternative economic practices in Greece.

Acknowledgments

This volume presents the results of the study undertaken by a collaborative international research network on alternative economic practices and their cultural foundations that investigated and met between 2011 and 2015. The annual meetings of the network took place in 201112 in Barcelona, at the Open University of Catalonia, and in 201315 in Paris, at the Collge dtudes mondiales, Fondation Maison des sciences de lhomme.

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