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The National Academy of Sciences, Republic of Korea, has selected Social Economy and Social Value—the Ancient Future of Capitalism, authored by Professor Lee Jaeyeol et al., as a recommended publication.

The National Academy of Sciences, Republic of Korea, has selected Social Economy and Social Value—the Ancient Future of Capitalism, authored by Professor Lee Jaeyeol et al., as a recommended publication.



The book focuses on the aspect of individual life in which different institutions like the market, government, and communities do not contradict each other, but rather constitute an integrated arena of life. From this observation, the book discusses how social economy, social values, and a network society interact. Given the history of humanity, the book raises in the reader a question about how the social economy will bring to life various social values in future society, in which information and networks will feature more prominently. This book comprehensively examines how to define social values from a future-oriented perspective, and how to revitalize the social economy.


Contemplations on the ‘social economy’, ‘social values’, and ‘network society’ inspired this book. The first three chapters review the concept and the history of the social economy, how the concept of sociality has evolved, and the different types of the social economy as well as how it has unfolded in South Korea. In other words, they take a conceptual and historical approach. Chapters 4 to 6 discuss the changes that would occur due to the advent of a network society. They examine how the development of ICT, Internet of Things (IoT), and artificial intelligence will affect the fusion of digital common goods and the social economy, how the organizations managing the social economy will change, and how, in the process of such radical changes, sociality will materialize in connection with different social conflicts. Chapters 7 and 8 explicate why social values, in addition to economic values, have become important, what the newly emerging values are, and what indicators there are to assess these social values.


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