[GJM] To Profit Or Not To Profit - Talking Economics Bulletin - October 2006

[robert searle]

Dear All,

       May be of interest,and gives reference to
Surplus Value of Profit


R.Searle
--- Arthur Edwards <arthur at talkingeconomics.co.uk>
wrote:

> The Talking Economics Bulletin consists of news and
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> Arthur Edwards
> 
> 1)  To Profit Or Not To Profit -  Editorial, AEM
> October 06.
> 2)  Satish Kumar on Profit
> 3)  New London Course - registration deadline
> 4)  Two Conferences in the USA
> 5)  Berlin - The Social Question in the Age of
> Globalisation
> 
> 1)  TO PROFIT OR NOT TO PROFIT -  EDITORIAL, AEM
> OCTOBER 06.
> 
> 	How are we to understand profit? Clearly there is a
> distinction between being profitable and
> profiteering, but normal thinking expects a profit,
> regarding it as the outward sign of healthy business
> activity. Profits, where they arise fairly, indicate
> a gain for all involved – for customers who
> have been provided with something that they needed,
> for staff who see their work remunerated, for
> investors who are entitled to receive a dividend
> and for the wider community to whom such profits are
> distributed by more or less direct means.
> 
> In Socially Responsible Profits, John Mackey’s
> exchange with Milton Friedman challenges the idea
> that profit maximization is or should be the only
> aim of business. Rare Albion’s Rethinking Net Worth
> reviews the nature of wealth accumulation. Signs of
> the Times looks at the phenomenon of billion
> dollar philanthropy and points up the reasoning
> behind those concerned, especially as regards the
> link between excess profits and giving. In The
> Ticklish Question of Profits, Rudolf Steiner
> describes how profit originates in every transaction
> and how this fact then works on in the wider
> reaches of economic life, resulting ultimately in
> its metamorphosis into ‘gift money’. This, for
> Steiner, is the true meaning of surplus value and
> the ultimate aim of global monetary policy.
> Featuring a range of views from those of
> conventional business commentators to the ideas of
> green
> economists, Perspectives on Profit shows how
> politically diverse and yet similar in outcome is
> today’s discussion on how to treat profit; while
> Emancipating Education suggests that the financing
> of independent education would be a good destination
> for those with excess of it to dispose of.
> Finally, Accountant’s Corner touches on the question
> of profit from an accounting standards point of
> view.
> 
> 2)  SATISH KUMAR ON PROFIT
> 
> Might not a broadened concept of profit be called
> ‘true profit’ and include a new kind of
> self-interest, wherein the entrepreneur profits by
> doing
> something great and being recognised for it by the
> beneficiary, which is humanity? Satish Kumar
> describes in his autobiography 'You Are Therefore I
> Am', the description his father gave of his idea of
> profit:
> 
> 	"I am in business to make friends and serve the
> community. Profit for me is by the way. One has to
> make profit and balance the books, otherwise the
> business will go bust, but profit is not the main
> motivation. Profit oils the wheels, but the purpose
> of operating the wheels is not to consume oil
> but to produce something for people. Profit is
> necessary but not primary. Making friends and
> forming relationships is much more fun. That is why
> I am
> in business."
> 
> 3) NEW LONDON COURSE - REGISTRATION DEADLINE
> 
> 	Rudolf Steiner And The View From London - A series
> of monthly presentation-based conversations
> exploring Rudolf Steiner's contribution to economic
> issues. Minimum attendance of 10 people required -
> prior registration by 10th October. Contact Arthur
> Edwards (01452 810764) or Christopher Houghton
> Budd (01227 738207) or email
> economics at goetheanum.org. Time:  7.15 - 9.00 pm  /
> Cost: £5 / Venue:  Rudolf Steiner House, 35 Park
> Road NW1 6XT 0207
> 723 4400 / Baker Street Tube
> 
> 20th October 2006 Money as Bookkeeping - The basis
> for a world currency
> A global economy calls for a global currency, but
> what sort and how denominated? Should there be a
> world central bank or should money be accounting
> based?
> 
> 10th November 2006 - The Role of the Corporation
> The modern corporation is frequently criticised, but
> is it as such a problem, or could it modified to
> become humanity’s friend rather than foe?
> 
> 8th December 2006 - The Future of the Financial
> Markets
> Financial markets are seen by some as negative
> developments, holding us all to the ransom of
> money’s dictates, but what if their true value was
> human
> creativity?
> 
> 4)  TWO CONFERENCES IN THE USA
> 
> 	The Fundamental Social Law And Beyond
> 
> Location: Hardwick, Vermont. Contact Tiemen
> Woutersen, woutersen at jhu.edu or Rachel Schwartz at
> (US) 802-472-9573.
> 
> Saturday, October 7, 2006
> The Fundamental Social Law: A Centenary Celebration
> – lectures by Stephen Usher
> Discussion and performance of The Green Snake and
> the Beautiful Lily by Glen Williamson and Laurie
> Portocarrero
> 
> Sunday, October 8, 2006
> Rudolf Steiner’s Social and Economic Ideas in
> Relation to the Green Snake and the Beautiful Lily –
> lecture by Tiemen Woutersen
> Conversation and artistic activity
> 
> and
> 	Rudolf Steiner’s Economics Course
> 
> 29 January 2007 – 2 February 2007
> Kellogg West Conference Center, Pomona CA, USA
> 
> We aim to develop a shared picture of Steiner’s
> economics that will strengthen our individual work
> and collective impact on the world. The 2007
> Intensive Study is organized in association with the
> Economics Conference of the Social Sciences Section,
> the Social Sciences Section in North
> America, and Associative Economics of North America.
> November 1st Registration Deadline
> 
> ADDRESS REQUEST: If you would like to receive
> printed mailings from AENA announcing events, news
> and more, please reply to: AEAmericaNorth at aol.com
> sending your complete name and address.
> 
> Pamela SophiaJohn, AENA (Associative Economics North
> America), 1627 Demaret Lane, Columbus OH 43228,
> 614.405.2417
> 
> 5)  BERLIN - THE SOCIAL QUESTION IN THE AGE OF
> GLOBALISATION
> 
> DIE  SOZIALE  FRAGE  IM  ZEITALTER  DER 
> GLOBALISIERUNG - Zeitgemäßes Wirtschaften
> Öffentliche Tagung, Fr. 27. – So. 29. Oktober 2006 -
> Rudolf Steiner Haus Berlin
> Näheres: Rudolf Steiner Haus Berlin, Bernadotte Str.
> 90-92, Tel. 030-8325216
> Oder: Thomas Brunner, votiv at web.de
> 
> Fr., 27. Oktober
> 17.00 Uhr: Thomas Brunner / Einleitung:	„Vom Wesen
> der Weltwirtschaft“
> 18.00 Uhr: 1. G e s p r ä c h s r u n d e
> 20.00 Uhr: Dr. Christopher Budd: “The Step from
> Aristotle to Rudolf Steiner Going beyond the
> Anglo-Saxon Orthodoxy (Vortrag in Englisch mit
> Übersetzung)
> Does the economics of Rudolf Steiner stand opposed
> to modern economics, occupy a parallel universe, or
> represent the next step?
> 
> Sa., 28. Oktober
> 10.00 Uhr: Seminar mit Dr. Christopher Budd:
> 15.00 Uhr: Offenes F o r u m:Projekte und
> Initiativen stellen sich vor
> 17.30 Uhr: 2. G e s p r ä c h s r u n d e
> 20.00 Uhr: Dr. Dietrich Spitta: "Von der
> neoliberalen Marktwirtschaft zu einer globalen
> assoziativen Wirtschaftsordnung"
> 
> So., 29. Oktober
> 10.00 Uhr: Heidjer Reetz: „Die Entwicklung des
> Eigentums am Beispiel von Grund und Boden“
> 
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