What is a neighborly economy, and how does it differ from the dominant free market economy?

Peter Block describes, with slides, how a neighborly economy is a departure from our four dominant free market economies: the consumer economy, industrial economy, knowledge economy and philanthropic economy. Traits of a neighborly economy include neighbors having a job to do, social capital being the primary currency, and a place that’s organized around gifts rather deficiencies.

Watch this webinar featuring a conversation between Peter and Tamarack Institute Co-CEO Paul Born on a neighborly economy, as well as questions from participants.

Video Highlights

Full Video

Quotes from Peter Block:
“If I focus on deficiencies it creates demand for services. If I focus on gifts it creates an alternative future.”
“If you want to produce something other than a demand for service you say, ‘What are you good at?’”
“It’s not just an act of kindness to me, it is an act of creating a collective future together.”

Related:
Neighborly Economics: A Way Towards the Exchange of Gifts