.. there is a ''crisis of value", i.e. that the old value regime does not adequately recognize and reward the new value that is created. Michel Bauwens, Chiang Mai, August 15, 2016
Berlin, September 5th 2016
A gathering of 20 thinkers and doers, from various disciplines (economy, anthropology, philosophy, activists, ...), locked in a small castle 20 minutes south of Berlin, for 3 days, working up to 12 hours a day to flesh out the basis of a new theory of value.
The current world is still dominated by two broad lines of thought: capitalism and Marxism. Our economy is organized based on two major and conflicting theories of value: the capitalist value theory (the value of a commodity is its price, set through market dynamics) and Marx' labor theory of value (the value of things stems from the labor required to create them). New economic practices cannot be understood within these two theoretical frameworks. We need a new theory of value. Tiberius Brastaviceanu was invited to share the Sensorica experience. Here's the report of this gathering.
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