Advances in Relational Economics: Theoretical, Methodological, Philosophical and Empirical Foundations (Relational Economics and Organization Governance)

By: Jacob Dahl Rendtorff and Lukas Belser and Jessica Geraldo Schwengber

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Synopsis: This book explores how economic and social values are created through dynamic, non-linear interactions within cooperative networks. Emphasizing the importance of relations and networks in value creation, the book discusses critical issues such as the relational nature of the firm, relational management and leadership as well as relational philosophy. This includes topics such as network models, stakeholder management, relational contracts, cooperative economics as well as philosophical questions related to relational ontology, epistemology and methodology, inter alia. Written by leading scholars, the contributions highlight the need for new business models and governance mechanisms that integrate resources across different economic and social systems, advocating for a relational approach to economic theory. In turn, the book argues for a network-based, integrative view of businesses, suggesting that economic success is increasingly dependent on the ability to navigate and foster complex relationships within a globalized context. Rich in theoretical and empirical insights, this book is essential reading for academics, policymakers, and business leaders interested in the future of economic thought and practice. It provides a comprehensive overview of the relational paradigm. The book is an invitation to join the conversation on how relational perspectives can transform our understanding of economics, governance, and organizational dynamics.