Titlebook: Relational Economics; A Political Economy Josef Wieland Book 2020 The Editor(s) (if applicable) and The Author(s), under exclusive license

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Relational Contracts and Goodsargeted at generating shared value as a cooperation rent. The continuous nature of the relationship between exchange and relational transactions must be considered. Following Ian R. Macneil’s work in contract theory, the motivational and behavioural starting points and indicators of relational contr

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Polylingualism and Codingong other aspects, it provides answers to the question of how the integration of economy and society can be successful under conditions of functional differentiation between functional systems. Beyond restrictive “embeddedness” notions, this theoretical and practical challenge can be met by differen

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Stakeholder Resources and Stakeholder Interestsf companies and organisations in general. Understanding the nature of the firm as a relation of stakeholder resources and interests is a consistent expression of a relational understanding of economic processes. All stakeholders of a company invest resources in these organisations and naturally expe

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Normativity and Polycontextual Governancef corporate social responsibility. Within the framework of conventional economic theory, this can at best be explained as the result of negative external effects and attempts to internalise them, the relational view reveals further and other aspects of this value creation context. In particular, the

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Organisational Cooperation and Rentin this context. He saw it as immanent to the laws of capital utilisation, whereas Berle and Means placed it in the context of the organisation of corporations. Against this background, a very detailed investigation of relational rents has emerged in recent years, which is derived from the company-

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Relational Rent and Societal Value Creationtion (SVC) are relevant keywords in a societal discussion on this subject. The extent of achievable relational rents depends on the willingness to cooperate, the ability to cooperate and the resulting opportunities for cooperation of a team or a network of teams. The effectiveness of individual and

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Relational Costs and the Logic of Relational Economicsed by the income from the cooperation. In addition to the familiar transaction costs, these include adjustment costs, cooperation costs and relational costs. Finally, determining the relationship between cooperation rents and corridors leads to a scheme of relational value creation that distinguishe

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Conclusion: Epistemology and Methodcal terms, it is based on Alfred N. Whitehead’s process philosophy and the discussion focuses primarily on the consequences of this orientation for the development of economic theory. Relational economics claims to be the political economy of a relational society. However, this claim cannot be fulfi