Understanding Cooperative Finance as a New Common

Anaïs Périlleux () and Marthe Nyssens ()
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Marthe Nyssens: UNIVERSITE CATHOLIQUE DE LOUVAIN, Centre Interdisciplinaire de Recherche Travail, État et Société (CIRTES) and Institut de Recherches Economiques et Sociales (IRES)

No 2016002, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: The emerging field of common good socio-economics is promising not only for the preservation of common natural resources but also for common goods created by people through collective action, the importance of which has been emphasized by the recent financial and economic crisis. Based on the case of cooperative finance, this paper’s outcomes are threefold. First, it demonstrates that financial cooperatives can be understood as a human-made common. Second, it shows that while the boundaries between the nature and property regime of goods may be relatively clear for natural common goods, they appear much more interlinked for human-made goods, where commons are embedded in intergenerational reciprocity. Third, the paper proposes a new way of thinking about public policies and shows the need to recognize financial cooperatives as human-made commons so as to design adequate legislation to protect these commons from isomorphism, privatization and destruction.

Keywords: Common; Financial Cooperative; Property Regime; Demutualization (search for similar items in EconPapers)
Pages: 29
Date: 2016-01-06
New Economics Papers: this item is included in nep-hme and nep-pke
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: UNDERSTANDING COOPERATIVE FINANCE AS A NEW COMMON (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2016002

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