Professor Yunus on â€œsocial businessâ€ and the conquest of poverty: a dissenting view
In 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.
|Date of creation:||Nov 2008|
|Contact details of provider:|| Postal: Sir William Duncan Building, 130 Rottenrow, Glasgow G4 0GE|
Phone: +44 (0)141 548 3842
Fax: +44 (0)141 548 4445
Web page: http://www.strath.ac.uk/economics/
More information through EDIRC
References listed on IDEAS
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.
When requesting a correction, please mention this item's handle: RePEc:str:wpaper:0813. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kirsty Hall)
If references are entirely missing, you can add them using this form.