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The Displacement of the Economy

  • Alexander C. Tsigkas
Chapter
Part of the Springer Texts in Business and Economics book series (STBE)

Abstract

The economic system governing mass production and mass consumption has reached its sunset. The era of meta-capitalism characterized by the economy of one instead of a mass economy, has appeared as its successor. Wealth creation in meta-capitalism is due to value created by the interaction of individuals with other members of society. In meta-capitalist society, people undertake responsibility for their autonomation – a process coined by the term socionomation. Economics in meta-capitalism is not compatible with those driving mass production and so a new one should be developed, coined by the term socionomics reflecting the new reality. In the new era, growth is displaced to a new topos, where the cost of production is not the differentiating factor and profit must be redefined. This is the way to sustainable growth in a displaced economy.

Keywords

Supply Chain Open Innovation Mass Customization Wealth Creation Lean Production 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • Alexander C. Tsigkas
    • 1
  1. 1.Production Engineering and ManagementDemocritus University of ThraceXanthiGreece

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