The chapter discusses two aspects of the theory of the firm. One is the question of what is a regenerative firm, and how the traditional view of the firm changed when one adopts an integral transdisciplinary worldview. The second is what are the consequences when we leave the assumption of the extrinsic value of the nature. The central question is: How can firms transform themselves from a mainly extrinsic to a more intrinsic value orientation to nature? She is defending the necessity to transform anthropocentric business models into more ecocentric ones. Shifts to business models in which nature has an intrinsic value have fundamental consequences for the theory of the firm. The chapter compares 'creative destruction' in which the value creation follows out of destruction of other values with the 'law of seed' where the natural cycles of continuous creation and regeneration carry out life. The latter can contribute creating value-based spiritual economic structures which bring together the rich diversity of man and nature. The regenerative firm can be an important driver for building an integral transdisciplinary world.
|Keywords||Intrinsic value of nature, Regenerative firms, Theory of the firm|
|Persistent URL||dx.doi.org/10.1108/S1572-832320170000026016, hdl.handle.net/1765/101904|
|Series||Contributions to Conflict Management, Peace Economics and Development|
Hofstra, N. (2017). Regenerative firms. In Contributions to Conflict Management, Peace Economics and Development. doi:10.1108/S1572-832320170000026016