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An introduction to slow money and its Gandhian roots


  • Arvind Ashta


Slow money, or patient nurturing capital invested locally in food and basic industries, is a new term but an old notion. This paper examines the cases of the CIGALES clubs of microangels in France and the more recent case of the slow money alliance to ferret out the basic principles and strategies of these movements. It also examines why microcredit, tontines and pawn shops usually fail to qualify for these principles.

Suggested Citation

  • Arvind Ashta, 2013. "An introduction to slow money and its Gandhian roots," Working Papers CEB 13-047, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:sol:wpaper:2013/152679

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    References listed on IDEAS

    1. Arvind Ashta & Djamchid Assadi, 2010. "Should online micro-lending be for profit or for philanthropy? DhanaX and Rang De," Journal of Innovation Economics, De Boeck Université, vol. 0(2), pages 123-146.
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    Cited by:

    1. Jayashankar, Priyanka & Ashta, Arvind & Rasmussen, Mark, 2015. "Slow money in an age of fiduciary capitalism," Ecological Economics, Elsevier, vol. 116(C), pages 322-329.

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      More about this item


      Microangels; microequity; microfinance; slow food; Gandhism; proximity; patient capital; nurture capital; venture capital; business angels; tontines; pawn shops;
      All these keywords.

      JEL classification:

      • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
      • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
      • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General


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