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A system evolves, or responds to change, in ways that depend upon its internal structure and the characteristics of the environment within which it exists. For a social system, the structure of internal regulation (i.e. governance) is human-made, created out of that society's history and culture. In the author's opinion, it is desirable for socio-p...
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... Furthermore, attempts to incorporate the ecological environment obscure the conceptual picture. Consider an-other proposed model shown in Figure 3 to extend the circular flow model to incorporate energy where the "energy sector is separated out to show how it is involved in every single production process in an economy … This process is unidirectional (from "source" to "sink") and irreversible, in comparison to the circular, reversible macroeconomic model" [11] [12]. The model "indicates the centrality of the energy concept in describing the thermo-biophysical "engine" that enables the global ecosystem to function, just as it enables the functioning of everything else -economies included -that has life within the global ecosystem" [11]. ...
... Consider an-other proposed model shown in Figure 3 to extend the circular flow model to incorporate energy where the "energy sector is separated out to show how it is involved in every single production process in an economy … This process is unidirectional (from "source" to "sink") and irreversible, in comparison to the circular, reversible macroeconomic model" [11] [12]. The model "indicates the centrality of the energy concept in describing the thermo-biophysical "engine" that enables the global ecosystem to function, just as it enables the functioning of everything else -economies included -that has life within the global ecosystem" [11]. Proceedings of the World Congress on Engineering and Computer Science 2008 WCECS 2008, October 22 -24, 2008, San Francisco, USA Nevertheless, this model conceptually incorporates heterogeneous notions. ...
The circular flow model and its extensions are widely used tools to analyze economic process. Several features of the circular flow model have motivated developing more refined tools at the conceptual level. Especially, in ecological economics there has been a need for a better model to incorporate environmental considerations. This paper proposes a new approach to modeling the flow of economic process. The main concept in this proposal is a flow model (FM) that has been developed in the computer science area and applied in modeling several phenomena. FM-based conceptualization of economic process improves several aspects of the circular flow model and provides a descriptive mechanism to incorporate environmental factors.
Nowadays, an important effort is being made throughout the world to assess the economical value of social and environmental actions, through monetary valorization realized in traditional national currencies. However, we find in our classical monetary system an explosive engine of growth driven by money creation, inflation, debt and interest rates that directly imply unsustainable systemic crisis. Furthermore, it is henceforth more and more difficult to argue that economic growth can be decoupled from nature degradation and social inequalities as our economic system is based on resources exploitation and mass consumption where societal integration depends on profession and purchasing power in a constant quest for productivity gains. As a consequence, the sustainable development oriented initiatives, as sustainable investment, solidarity philanthropy, and microfinance which stay in this same system, still leave a lot of issues not addressed. This work is based on the idea of alternatives monetary and economic systems no longer based on the current values, but on a socio-environmental valorization. After an analysis of ethical, economical and sustainable values, we better understand what the values of our societies were and which ones should be exchanged in an alternative currencies system. The fourteen case studies of alternative exchange systems based on socio-environmental values showed the absence of genuine socio-environmental profit and value exchange system. Notwithstanding, alternative currencies have a real potential to create exchangeable socio-environmental values, even if they are not yet based on socio-environmental valorization. They could help to implement a new concept of profit so that sustainable development issues won’t always be managed as wealth redistribution need (loss), but as wealth creation resource (gain). Those creative value currencies will also allow a better economic orientation, incentive through closed market or barter of specific goods and services thanks to the creation of income, quota of exchangeable socio-environmental values. Those creative monetary valorization mechanisms will be based on participatory democracy bank which will only take care of the control and regulation of currency circulation and not its accumulation. Finally, assessing the possibility to apply this kind of system, we suggest that to finance those local communities’ projects, an intermediary service based on private individual philanthropy is necessary.
