Rudolf Steiner’s Bodily Co-operation as Value Co-creation in Economics Fraternity
Publication information:
Abstract
In this commentary, I interpret how the Steiner’s co-operation binds social ecosystem to co-create value at multiple bodily encounters of individuals. Value is a perceived collective benefit of and for the agents in an economic ecosystems and it is determined by the beneficiaries as collective expression. Steiner’s co-operation promotes mutuality, and it invites the economic agents to co-create value through bodily interactions, rather than producing and then selling such value to others for profit. Such value is both co-created and co-consumes by the individuals in an ecosystem with zero waste of the ecosystem as a whole and for the sustainability thrive. The motive of value for profit create excess use of resources and their flow and is found to be a common pre-text of most of the financial crises that this World has faced.
Steiner’s stance of awareness of each other needs in co-operation is central to self-sustainability in the ecosystem. Such awareness triggers the co-operator’s mind to cognize temporal and spatial needs and consequent adaptation in corresponding behaviours to make these fit well with the set of behaviours emerging during encounters. The Steiner’s idea of need awareness is also embryonic to the realization of value in these encounters as and when experienced, unlike the Adam Smith’s economics of production and then exchange of value. The ecosystemic view of value co-operation as expression of individuals may appears humanistic if taken bodily (physical, etheric, astral, and self) and spiritual if taken as lightened up through a deepened niche of knowing in individuals.
Presenter Biography
Karim Ullah is a Professor Religion and Financial Services and he founded the Centre for Excellence in Islamic Finance (CEIF IMSciences), which is a joint project of the Central Bank of Pakistan, the UK’s Department for International Development, and IMSciences. Moreover, he has 15 years of experience in developing faith centrinc financial services, which spans across Pakistan, Malaysia, Turkey, the United States, and the United Kingdom. His work relates to the creation, evaluation, and implementation of diverse financial innovations with corporations, financial institutions, and regulatory bodies. These innovations encompass his active roles in developing Trauma Funds, Precious Metals-Based Financial Products, Service Sukuks, and in-depth analyses of Digital Assets and Forex for entities situated in the Wall Street. He has a PhD from Brunel University London UK on developing Islamic financial services and a post-doctorate experience on gold banking products at Sakarya University, Turkiye. He also has extensive learning on case methods and content development at Harvard Business School, MA, USA and IFC World Bank. He trained financiers and academics in Pakistan, UK, Malaysia, UK, and Turkiye. He also won and implemented multiple international grants and Government of Pakistan, Higher Education Commission has awarded him twice for two of his books been declared as the country as the best management books of the years 2015 and 2017, respectively. Karim is on various committees standard setting bodies, governments, and editorial boards of reputed journals. Recently his research on Islamic Finance is presented and appeared at the proceedings of Harvard Divinity School, Harvard University. He also published more than 40 papers and case studies in Islamic and participatory banking, and he regularly present his work in countries that include US, UK, Turkiye, Malaysia, Pakistan, Bangladesh, and UAE. Karim.Ullah@imsciences.edu.pk, +92341207579