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Dr. Dovev Lavie - Bocconi University

Mar 8, 2024 • 1:00 pm - 2:30 pm

Room 2120 (Ivey Business School) and Zoom

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SDA Bocconi School of Management (Milan, Italy)

SDA Bocconi School of Management (Milan, Italy)

Dr. Dovev Lavie

will be presenting his recent paper:

"The Cooperative Economy: A Solution to Societal Grand Challenges"


My book seeks to offer a solution to the interrelated societal grand challenges concerning economic inequality, the grip of platform owners, the loss of privacy and private choice, the overconsumption and abuse of natural resources, and some drawbacks of globalization. I argue that the first four problems are interrelated and are reinforced by globalization. Furthermore, these problems are rooted in design flaws of the modern economic system. Contrary to established approaches that suggest that regulation, legislation, and antitrust enforcement, among other policy changes can help fix the current system, my book suggests that the economic system is unfixable. Furthermore, while there is little doubt that greed drives opportunistic behavior in the modern economic system, the book does not take it for granted and suggests pragmatic ways to instigate and support prosocial behavior. The book offers guidelines for designing a new economic system that drives out opportunistic behavior while reinforcing prosocial behavior. Unlike economic theory that assumes homogeneity of individuals’ motives, the book relies on recent research that points to a distribution of behavioral inclinations among individuals, with most exhibiting conditional prosocial behavior which can be self-reinforcing. This brings an opportunity to design an economic system that prioritizes societal values over profit making and utility maximization. The notion of the cooperative economy is unique, and its foundations depart from conventions of the modern economic system. I will relate to design principles of the cooperative economy, discuss some practical aspects relating to its implementation, and share some preliminary findings that support this notion.


Type: Hybrid Event
Time: Friday March 8, 2024 from 1:00 to 2:30 PM
Location: Room 2120 Ivey Business School)
Meeting ID: 921 968 8290