The Paradox of Resilience and Efficiency

Irene van Staveren

doi:10.1080/00213624.2023.2237861

The Paradox of Resilience and Efficiency

Irene van Staveren^*

^*Corresponding author for this work

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Abstract

Resilience and eﬃciency tend to be regarded as trade-oﬀs. Is it possible to have more resilience in a capitalist economy? By referring to the literature on resilience in ecology and the study of the commons, I suggest that we can learn how to build more resilience without having to give up on eﬃciency. The key to this is cooperation instead of competition and a long-term understanding of eﬃciency. The history of economic thought provides clues to the role of institutions for combining resilience with eﬃciency, but also shows that this can only be done in the community economy and outside capitalism.

Original language	English
Pages (from-to)	808-813
Number of pages	6
Journal	Journal of Economic Issues
Volume	57
Issue number	3
DOIs	https://doi.org/10.1080/00213624.2023.2237861
Publication status	Published - Sept 2023

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© 2023 The Author(s). Published with license by Taylor & Francis Group, LLC.

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This output contributes to the following UN Sustainable Development Goals (SDGs)

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The Paradox of Resilience and Efficiency

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