ECO Good (Christian Felber)
Economy for the Common Good
The Economy for the Common Good (ECG) is an alternative economic system built on values that promote the needs of the entire population. It is a tool for economic, political, and social change – a bridge to a better future. Christian Felber and his team developed an integral accounting method for a Common Good Economy in Austria used by 300+ companies. This method is called the Common Good Balance Sheet.
The Common Good Balance Sheet is a central tool of the Economy for the Common Good (ECG). The ECG places human beings and all living entities at the center of economic activity. It translates standards for human relationships as well as constitutional values into an economic context and rewards stakeholders for behaving and organizing themselves in a humane, cooperative, ecological and democratic way.
'The Common Good Balance Sheet, a holistic approach on reporting the results of a business, reminds me of the first description of the double-entry bookkeeping as published in 1494 by the Italian Franciscan Friar Luca Pacioli. Today, each audit report based on his basic idea is to post every entry on two accounts. This balance gives insight at any time into the current state of assets and debts. But what accountants and bookkeepers did not thoroughly absorb from Pacioli is his vision that we as 'children of God ' are invited to manage mother earth in love. During the renaissance Pacioli taught entrepreneurs that all welfare and happiness came from God. He regarded it as its task to enumerate all the fruits of the Earth and so to take care for mother earth. He did not limit himself to the material aspects. As a monk he knew that true prosperity, wealth and inner happiness could never be found in the outside world, until you first made the effort to discover this inside of you. Christian Felber works that holistic view of money, finance and economy. As within, so it can transform the outer world.' - Ivo Valkenburg in Pure Life - A Plea for Love as Legal Tender