More than two thousand years after Aristotle, a growing movement is bridging his division between oikonomia - an economy that supports the common good - and chrematistike - making money.
The movement for an "Economy for the Common Good," launched in Austria in 2010, has gained the support of 2,200 companies in 50 countries. Most recently, a committee of the European Union overwhelmingly supported a recommendation to incorporate the Economy for the Common Good framework into the EU and member-state legal systems.
Stock buybacks -- when a company buys its own shares -- can make it appear like a company is doing quite well. They drive up a company's EPS and they make balance sheets attractive by sopping up excess cash. Plus, with a more expens...
It is rather surprising that in a world in which anything and everything is only about money, it is next to impossible to find a consolidated balance sheet of the world's insolvent economies (i.e., the developed countries: US, Japan...
Delinquencies on consumer loans have hit another all-time low, according to the American Bankers Assn., which says that is good news for the economy as well as for the balance sheets of the banks that are owed money.
Today, in a global economy that is being defined by highly conscious consumers who choose to purchase from companies that are making a positive impact in the world, good money means making money in a way that does the world good.