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The Social Economy - International Perspectives on Economic Solidarity (Paperback)
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The Social Economy - International Perspectives on Economic Solidarity (Paperback)
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As the current economic crisis spreads around the globe questions
are being asked about what king of capitalist or post-capitalist
economy will follow. There is increasing talk of the need for
stringent economic regulation, the need to temper greed and
individualism, to make the economy work for human and social
development. The search is on for a kinder, greener, less unequal
and more redistributive economy. This transitional moment, with its
pointed questions about the economy to come, provides an
opportunity to assess the role and potential of the 'social
economy', that is, economic activity in between market and state
oriented towards meeting social needs. Until a decade ago, the term
was used mainly by the fringe to describe the 'alternative
economy'. Typically, organisations providing affordable child-care
to low-wage families in a poor neighbourhood, or those making goods
from recycled materials for low-income households, were considered
to be residual or marginal to a mainstream dominated by markets and
states. In the last decade, expectation in both the developed and
developing world has changed in quite radical ways. Mainstream
opinion is starting to see the social economy as a source of
building social capabilities as well as developing new markets in
welfare provision. Policymakers around the world have begun to
support the social economy, and increasingly on business grounds,
jostling with traditional interest on the fringe in the sector as a
moral and social alternative to the capitalist economy. It is
precisely this emerging but disputed centrality of the social
economy that makes this book so timely. The book positions the
social economy conceptually and normatively with the help of case
evidence from a number of developed and developing countries.
Uniquely, it brings together in English the work of leading
scholars of the social economy who are also actively engaged in
national and international policy formulation. Although it argues a
case for seeing the social economy as distinctive from the state
and market in terms of aims, values, and actors, it also notes many
overlaps and complementarities once the economy is conceptualised
as a plural entity responding to needs in diverse organisational
combinations. The book also shows that expectations - social and
economic - cannot be divorced from local institutional and
historical circumstances and legacies. Accordingly, while certain
generic policy principles can be shared internationally,
interventions on the ground cannot ignore the demands of situated
practice and legacy.
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