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Solidarity Economy and Social Business - New Models for a New Society (Paperback, 2015 ed.)
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Solidarity Economy and Social Business - New Models for a New Society (Paperback, 2015 ed.)
Series: SpringerBriefs in Economics
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This book presents theoretical examinations of why and how
connecting people yields different results from those of the market
mechanism alone. With an ever-greater disparity between the world's
rich and poor, actions have been taken to remove the imperfections
and remedy malfunctions of the market mechanism. An underlying
theme of these activities is to connect people and make them
directly visible to one another; thus the integrating concept of
the "solidarity economy" emerges. This volume analyzes diverse
examples and practices of solidarity economy. Adam Smith emphasized
the importance of "sympathy" among people and the role of the
"impartial spectator" in order to control otherwise reckless
markets. These major concepts form the basis of a solidarity
economy. The examples and practices in this book are based on this
framework. The first is the idea of social business, promoted by
Prof. M. Yunus of the Grameen Bank. Although the group of five
members in the Grameen Bank organization is considered a system of
mutual surveillance by some economists, it is not a system based on
distrust but a mechanism for mutual help and encouragement. Also
examined in this book is organic agriculture, which adheres to the
necessity of face-to-face relationships. It pursues environmental
concerns and food safety by bringing together consumers and
producers in local areas and by sharing knowledge. When consumers
and producers are widely separated, a system of certification
assures consumers that no chemical pesticides and fertilizers are
used. Connecting consumers and producers through certification
systems can be seen as part of fair trade mechanisms. These
mechanisms are applied in certified coffee programs, for instance,
to reduce poverty, to protect the environment, and to safeguard
human rights. This book proposes that all these seemingly different
types of activities can be understood as part of the solidarity
economy. With this unifying theme, the book will be useful for both
theoretical investigations and practical applications.
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