This requires, on the one hand, a new language to capture all relevant wealth dimensions. This is being attempted by organizational value systems such as capital systems (Carrillo, 1998, 2002) Value Networks (Allee, 2002) or integrated reporting (International Integrated Reporting Committee, 2011). Moreover, preliminary exercises are being conducted at the wider social level, such as the Most Admired Knowledge City Annual Study—MAKCi (Carrillo & Garcia, 2007), Gross Domestic Happiness Study (Ura et al., 2012), Subjective Well-being (Daly, 2011) or the Happy Planet Index (NEF, 2012).
From this perspective, leisure and discretionary time (Pieper, 1952; Baum & Rachlin, 1969; Goodin, Rice, Parpo & Eriksson, 2008; de Graaf & Batker, 2011; Brass, 2011) provide a richer currency: “A healthy economy involves using our time efficiently and getting enjoyment out of our time” (Stiglitz in Lasn, 2012, p. 144). This potential reconciliation between economy and life requires new competencies and cultural patterns. Chapter 8 provides an account of the emerging realties of knowledge markets: a vast array of highly imaginative ventures that are capturing the imagination of young people around the world to engage in new forms of value creation. This revolution echoes all along this book, where its three sections—concepts, applications and trends—take us through a journey of urban re-invention.