Social/civil economy – and how it is gradually transforming the economic environment

Name: Social/civil economy – and how it is gradually transforming the economic environment
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI 2015 - 1

Title

Social/civil economy – and how it is gradually transforming the economic environment

Author

Leonardo Becchetti

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

07-2015

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

The crisis we are living affects at least five (economic, financial, environmental, currency-related and well-being-related) dimensions. In this paper we outline how the emergence of the social/civil economy paradigm can provide a structural solution, giving fundamental contribution to the pursuit of sustainable development with high employment levels and social cohesion. The paradigm hinges on the hybridation of corporate and individual (consumer/investor) behavior. We document how the paradigm shift has already started since a significant minority of companies and citizens is progressively internalizing social environmental externalities in their choices, consistently with a mix of standard and longsighted self-interested behaviour and pro-social preferences. We further describe some features of the new actors (old and new cooperative forms, impact investors, multistakeholder for profit companies, fair trade, SR investment funds and banking) and outline some key policy issues (tax rules, procurement rules, development of information intermediaries) crucial to fully exploit its potential.