Professor Yunus on â€œsocial businessâ€ and the conquest of poverty: a dissenting view
AbstractIn his new book Professor Muhammad Yunus, Grameen Bank founder and Nobel Peace Prize Laureate, proposes a novel strategy for the elimination of poverty worldwide. This strategy relies on the presumed effectiveness of what he calls â€œsocial businessâ€ in transforming the nature of the capitalist system, which thus (he supposes) will become capable of achieving all desired social improvements. We take the view however that the concept of â€œsocial businessâ€ is empty and irrelevant, and that Yunusâ€™s thesis in fact implies the untenable proposition that (apparently) all social problems could be resolved by cost-covering interventions â€“ thus denying that a significant role exists for charitable or governmental actions, which, in reality, are indispensable.
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Bibliographic InfoPaper provided by University of Strathclyde Business School, Department of Economics in its series Working Papers with number 0813.
Length: 35 pages
Date of creation: Nov 2008
Date of revision:
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More information through EDIRC
social business; not-for-profit sector; Yunus;
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- I39 - Health, Education, and Welfare - - Welfare and Poverty - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-12-01 (All new papers)
- NEP-HPE-2008-12-01 (History & Philosophy of Economics)
- NEP-SOC-2008-12-01 (Social Norms & Social Capital)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Morduch, Jonathan, 1999. "The role of subsidies in microfinance: evidence from the Grameen Bank," Journal of Development Economics, Elsevier, vol. 60(1), pages 229-248, October.
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