Professor Yunus on “social business†and the conquest of poverty: a dissenting view

Roy Grieve ()

No 813, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: In his new book Professor Muhammad Yunus, Grameen Bank founder and Nobel Peace Prize Laureate, proposes a novel strategy for the elimination of poverty worldwide. This strategy relies on the presumed effectiveness of what he calls “social business†in transforming the nature of the capitalist system, which thus (he supposes) will become capable of achieving all desired social improvements. We take the view however that the concept of “social business†is empty and irrelevant, and that Yunus’s thesis in fact implies the untenable proposition that (apparently) all social problems could be resolved by cost-covering interventions – thus denying that a significant role exists for charitable or governmental actions, which, in reality, are indispensable.

Keywords: social business; not-for-profit sector; Yunus (search for similar items in EconPapers)
JEL-codes: D21 D64 G21 I39 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2008-11
New Economics Papers: this item is included in nep-hpe and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.strath.ac.uk/media/1newwebsite/departme ... papers/2008/DP13.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:str:wpaper:0813

Access Statistics for this paper

More papers in Working Papers from University of Strathclyde Business School, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Kirsty Hall ().