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SUFFiciENcy EcONOMy ANd GRASSROOtS DEvElOPMENt

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184<br />

The Meaning of Sufficiency Economy <br />

International Conference<br />

Three Perspectives on Community Economies<br />

Since SE is fundamentally an alternative economic model, it seems more<br />

appropriate to glean ideas about community empowerment from literature on other<br />

alternative economies—in this case community economies—rather than from<br />

community development literature. This section considers three social science<br />

perspectives on community economies. The first and earliest is by Herman Daly and<br />

theologian John Cobb Jr., elaborated in their book For the Common Good:<br />

Redirecting the Economy toward Community, the Environment, and a Sustainable<br />

Future. Their approach reveals the fallacies in our current conception of economy,<br />

crafts an ethical alternative, and proposes policy applications for the United States.<br />

Next, economic anthropologist Stephen Gudeman looks at community economy<br />

from a different angle: his approach is to describe what he argues already exists,<br />

basing his theory on a rich ethnographic record. Finally, returning to ethics, feminist<br />

geographers JK Gibbson-Graham and their collective Community Economies<br />

Project aim to reimagine and recreate economies to value non-capitalocentric<br />

diversity and interdependence among other ethics. What is offered here are ideas for<br />

further consideration so as to strengthen SE as a community development approach.<br />

To establish conditions necessary for “economics for community”, Daly and<br />

Cobb call for a shift from individualism to “person-in-community” much like the<br />

idea of interdependence elaborated above. Regarding community, they state that the<br />

term “suggests people are bound up with one another, sharing, despite differences, a<br />

common identity” (1989:170). That is, community members self-identify as such<br />

based on their relationships with each other. Daly and Cobb specify three other<br />

requirements of community: 1) members must enjoy full participation in the<br />

community’s activities (especially decision making); 2) the community as a body<br />

must take responsibility for its membership as a whole; and 3) that responsibility<br />

includes respect for the diversity represented by individual members. They remark<br />

that community thus conceived is a matter of degree, but that economics for<br />

community favors development toward these ideals.<br />

In defining their economics for community model, Daly and Cobb take up<br />

Aristotle’s distinction between oikonomia and chrematistics. They understand<br />

chrematistics as “the branch of political economy relating to the manipulation of<br />

property and wealth so as to maximize short-term monetary exchange value to the<br />

owner” (138). They explain that the GDP is essentially a chrematistic model with the<br />

additional (erroneous) assumption that individual economic welfare is correlative<br />

with overall market growth. Oikonomia, by contrast, “is the management of the<br />

household so as to increase its use value to all members of the household over the<br />

long run.” Daly and Cobb continue, “If we expand the scope of the household to<br />

include the larger community of the land, of shared values, resources, biomes,<br />

institutions, language, and history, then we have a good definition of economics for<br />

community” (138). They state that oikonomia differs from chrematistics in three<br />

ways: 1) it takes the long-run rather than the short-run view; 2) it considers costs and

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