Measures of obligation
AbstractPrincipled capitalism has been proposed as a replacement for liberal capitalism. Moral principles should be driving our individual and collective decisions rather than utility and profit. A new unit called an oblig is suggested as a measure of the amount of the substance of the “stuff” that...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2022-12-01
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| Series: | Cogent Business & Management |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23311975.2022.2154101 |
| _version_ | 1811199147980619776 |
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| author | David Blockley |
| author_facet | David Blockley |
| author_sort | David Blockley |
| collection | DOAJ |
| description | AbstractPrincipled capitalism has been proposed as a replacement for liberal capitalism. Moral principles should be driving our individual and collective decisions rather than utility and profit. A new unit called an oblig is suggested as a measure of the amount of the substance of the “stuff” that moves around in a social field of obligation forces. The notion of dynamic equilibrium is amplified and obligs are compared with the utils of utility theory and qualitative deposits in “emotional bank accounts”. It is concluded that the methods of utility theory are not appropriate for principled capitalism. A new unit of obligatory force is defined as a carson after the ecologist Rachel Carson. It is that force required to change the rate of change of a measured item within an obligation. The mathematics of obligs is developed and illustrated with four examples, two concerning individual relationships and two as applied to company and national government accounts. |
| first_indexed | 2024-04-12T01:43:05Z |
| format | Article |
| id | doaj.art-9c68b934d74e4133b299cb41813154d2 |
| institution | Directory Open Access Journal |
| issn | 2331-1975 |
| language | English |
| last_indexed | 2024-04-12T01:43:05Z |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Business & Management |
| spelling | doaj.art-9c68b934d74e4133b299cb41813154d22022-12-22T03:53:08ZengTaylor & Francis GroupCogent Business & Management2331-19752022-12-019110.1080/23311975.2022.2154101Measures of obligationDavid Blockley0Department of Civil Engineering, Emeritus Professor of Engineering, University of Bristol, Bristol, UKAbstractPrincipled capitalism has been proposed as a replacement for liberal capitalism. Moral principles should be driving our individual and collective decisions rather than utility and profit. A new unit called an oblig is suggested as a measure of the amount of the substance of the “stuff” that moves around in a social field of obligation forces. The notion of dynamic equilibrium is amplified and obligs are compared with the utils of utility theory and qualitative deposits in “emotional bank accounts”. It is concluded that the methods of utility theory are not appropriate for principled capitalism. A new unit of obligatory force is defined as a carson after the ecologist Rachel Carson. It is that force required to change the rate of change of a measured item within an obligation. The mathematics of obligs is developed and illustrated with four examples, two concerning individual relationships and two as applied to company and national government accounts.https://www.tandfonline.com/doi/10.1080/23311975.2022.2154101Capitalismobligationsutility theorymeasuresemotional bank accountA11 |
| spellingShingle | David Blockley Measures of obligation Cogent Business & Management Capitalism obligations utility theory measures emotional bank account A11 |
| title | Measures of obligation |
| title_full | Measures of obligation |
| title_fullStr | Measures of obligation |
| title_full_unstemmed | Measures of obligation |
| title_short | Measures of obligation |
| title_sort | measures of obligation |
| topic | Capitalism obligations utility theory measures emotional bank account A11 |
| url | https://www.tandfonline.com/doi/10.1080/23311975.2022.2154101 |
| work_keys_str_mv | AT davidblockley measuresofobligation |