The theoretical aspect of Muhammad Yunus’s dream-'putting poverty in museums'

Md Monowaruz Zaman ()

MPRA Paper from University Library of Munich, Germany

Abstract: The present economy is based on capital based income structure. Grameen Bank has shown how zero capital owners become small capital owners by taking micro-credits. However micro-credit can create very limited economic density in an area that is insufficient to eradicate poverty unless the root causes of poverty are identified and counteracted. Neoclassical economics only focus on presently available capital although the capitalists are not created at once. A natural cycle of economics upholds economic, cultural and social values by its self-corrective nature. The natural economics is overridden by profit-motive institutional structure, where the market is not uniform or equal behaving for all segments of economic agents rather it is distributed as layers of energy states. A prudent utilization of all the opportunities targeting the poorest people of an economy will make benefited all in terms of new values, welfare and employment opportunities etc.

Keywords: Micro Credit; Povert Alleviation; Social Business; Money-Market Dynamics; Cycle of Economics; Welfare; Grameen Bank; Worker's Share (search for similar items in EconPapers)
JEL-codes: O11 O16 O21 (search for similar items in EconPapers)
Date: 2007-01-02, Revised 2007-01-02
New Economics Papers: this item is included in nep-dev and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/10226/1/MPRA_paper_10226.pdf revised version (application/pdf)

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