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An introduction to slow money and its Gandhian roots

Arvind Ashta ()

No 13-047, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: Slow money, or patient nurturing capital invested locally in food and basic industries, is a new term but an old notion. This paper examines the cases of the CIGALES clubs of microangels in France and the more recent case of the slow money alliance to ferret out the basic principles and strategies of these movements. It also examines why microcredit, tontines and pawn shops usually fail to qualify for these principles.

Keywords: Microangels; microequity; microfinance; slow food; Gandhism; proximity; patient capital; nurture capital; venture capital; business angels; tontines; pawn shops (search for similar items in EconPapers)
JEL-codes: D92 G24 O10 (search for similar items in EconPapers)
Pages: 13 p.
Date: 2013-12-11
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