As Social Economy financial institutions, credit unions have traditionally been considered less efficient than traditional banking entities. However, like banks and savings banks, they have to be as efficient and competitive as possible to survive in today’s business environment, especially at times of crisis. To date, there have been very few studies on their efficiency and practically none for the crisis period. Moreover, almost all the existing studies assess only financial efficiency, without considering their social function. This (...) study examines the levels of both financial and social efficiency in Spanish credit unions as well as their main determinants during the recent crisis. We apply the two-stage double bootstrap data envelopment analysis methodology based on panel data corresponding to all the credit unions active in Spain between 2008 and 2013. The empirical results indicate that financial and social efficiency achieved an acceptable level, although on average the former was slightly greater than the latter. We also find that both age and merger and acquisition activity were positively influential on the financial efficiency of credit unions but had a significant negative effect on their social efficiency. Moreover, the regional location of such entities and the financial crisis were also crucial determinants of both types of efficiency. Our findings are therefore useful for all the stakeholders of credit unions to know if these entities have been efficient according to a double bottom line accounting in the crisis period and hence to maintain successful social management that is compatible with satisfactory financial efficiency. (shrink)

As Social Economy financial institutions, credit unions have traditionally been considered less efficient than traditional banking entities. However, like banks and savings banks, they have to be as efficient and competitive as possible to survive in today’s business environment, especially at times of crisis. To date, there have been very few studies on their efficiency and practically none for the crisis period. Moreover, almost all the existing studies assess only financial efficiency, without considering their social function. This (...) study examines the levels of both financial and social efficiency in Spanish credit unions as well as their main determinants during the recent crisis. We apply the two-stage double bootstrap data envelopment analysis methodology based on panel data corresponding to all the credit unions active in Spain between 2008 and 2013. The empirical results indicate that financial and social efficiency achieved an acceptable level, although on average the former was slightly greater than the latter. We also find that both age and merger and acquisition activity were positively influential on the financial efficiency of credit unions but had a significant negative effect on their social efficiency. Moreover, the regional location of such entities and the financial crisis were also crucial determinants of both types of efficiency. Our findings are therefore useful for all the stakeholders of credit unions to know if these entities have been efficient according to a double bottom line accounting in the crisis period and hence to maintain successful social management that is compatible with satisfactory financial efficiency. (shrink)

This chapter introduces three economic systems related to the ageing population. The silver economy, the creative economy, and the social and solidarity economy, to some extent, correspond to the needs of older people. Moreover, they foster and use the diverse forms of older people’s capital.

[W]e remark three classes of men. The first consists of those for whom the chief thing is the qualities of feelings. These men create art. The second consists of the practical men, who carry on the business of the world. They respect nothing but power, and respect power only so far as it [is] exercized. The third class consists of men to whom nothing seems great but reason. … For men of the first class, nature is a picture; for men (...) of the second class, it is an opportunity; for men of the third class, it is a cosmos, so admirable, that to penetrate to its ways seems to them the only thing that makes life worth living.Peirce was one of those very few "to whom nothing seems great but reason," always striving to... (shrink)

This article discusses three policy ideas that address the limitations of the traditional welfare state: universal basic income (UBI), universal basic services (UBS), and the social economy. As a lens from which to evaluate these policy alternatives, we develop a concept of active citizenship as an interactive and recursive process between people’s equal political influence and the institutional conditions in which they are placed. While the social policy discourse on active citizenship has centred on the debate between (...) increasing individual responsibilities or enhancing people’s capabilities, our conception recentres the political dimension of active citizenship as people’s capacity, not only to exercise individual self-determination, but also collective self-determination over shared conditions. We conclude that, in addition to the conditions for security and autonomy, opportunities for organised social cooperation are necessary to achieve a virtuous cycle between people’s political influence and the institutions that support it. (shrink)

Effective altruism is a conceptual approach and emerging social movement that uses data-driven reasoning to channel social economy resources toward philanthropic activities. Priority cause areas for effective altruists include global poverty, existential risks to humanity, and animal welfare. Indeed, a significant subset of the movement argues that animal factory farming, in particular, is a problem of great scope, one that is overly neglected and offers the potential for massive reductions in global suffering. This paper explores the philosophical (...) and methodological tenets of these “effective animal advocates,” offering empirical qualitative insight into their motivations and perspectives. The work also considers the implications of the effective altruists’ entrance into the arena of animal advocacy, taking note of how various factions within both the effective altruist and animal protection movements have received their conceptual and practical interventions. The research highlights several potential contributions of the effective animal advocates, as their commitment to evaluate and amplify pragmatic solutions to the problems of animal suffering has the opportunity to shift institutional and consumer behaviors in ways the animal protection movement has struggled to do in the past. At the same time, key issues related to the community’s research rigor and measurability biases, its lack of demographic diversity, and its tendency to valorize corporate-driven technological solutions open it up to criticism from internal and external detractors alike. (shrink)

The Golden Age of postwar capitalism has been eclipsed, and with it seemingly also the possibility of harmonizing equality and welfare with efficiency and jobs. Most analyses believe that the emerging postindustrial society is overdetermined by massive, convergent forces, such as tertiarization, new technologies, or globalization, all conspiring to make welfare states unsustainable in the future. Social Foundations of Postindustrial Economies takes a second, more sociological and more institutional, look at the driving forces of economic transformation. What, as a (...) result, stands out is postindustrial diversity, not convergence. Macroscopic, global trends are undoubtedly powerful, yet their influence is easily rivalled by domestic institutional traditions, by the kind of welfare regime that, some generations ago, was put in place. It is, however, especially the family economy that hold the key as to what kind of postindustrial model will emerge, and to how evolving tradeoffs will be managed. Twentieth-century economic analysis depended on a set of sociological assumptions that, now, are invalid. Hence, to better grasp what drives today's economy, we must begin with its social foundations. (shrink)

The many particular topics the book examines can be traced to two central ideas. Firstly, that economic theory, like physics, requires two distinct theoretical frameworks. One treats qualities that are invariant across time and place; this is the domain of equilibrium theory. The other treats the internal generation of change in societies through entrepreneurial action that continually transforms the ecology of enterprises that constitutes a society. Secondly, economic theory is treated as a genuine social science and not a science (...) of rationality writ large. The book also explores ways in which life in society is understood differently once economics is treated as a social science. (shrink)

In Esa 12th Conference: Differences, Inequalities and Sociological Imagination: Abstract Book. European Sociological Association; Institute of Sociology of the Czech Academy of Sciences. pp. 59--60 (2015) .

Ben Fine traces the origins of social capital through the work of Becker, Bourdieu and Coleman and comprehensively reviews the literature across the social sciences. The text is uniquely critical of social capital, explaining how it avoids a proper confrontation with political economy and has become chaotic. This highly topical text addresses some major themes, including the shifting relationship between economics and other social sciences, the 'publish or perish' concept currently burdening scholarly integrity, and how (...) a social science interdisciplinarity requires a place for political economy together with cultural and social theory. (shrink)

The Panama Papers (2016), Paradise Leaks (2017), and Pandora Papers (2021) have revealed the extensive practice of corporate tax avoidance. Yet, the tax behavior of companies claiming to be “socially responsible” has been less examined. This study examines the association between corporate social responsibility disclosure (CSRD) and tax avoidance, particularly in developing economies, focusing on Sub-Saharan Africa (SSA). By analyzing data from 600 firm-year observations across 13 SSA countries using panel quantile regression, we found a negative relationship between CSRD, (...) which includes ethical, social, and environmental dimensions, and tax avoidance. This aligns with legitimacy theory, indicating that firms are increasingly adopting CSR transparency to meet societal expectations and gain stakeholder trust, avoiding socially irresponsible behaviors. Furthermore, the quality of national governance significantly moderates the CSRD–tax avoidance relationship, supporting the concept of institutional isomorphism. This evidence is valuable for professionals and policymakers and encourages further research to deepen and broaden these findings. (shrink)

Consumer culture and neoliberal political economy are often viewed by social psychologists as topics reserved for anthropologists, economists, political scientists and sociologists. This paper takes an alternative view arguing that social psychology needs to better understand these two intertwined institutions as they can both challenge and provide a number of important insights into social psychological theories of self-identity and their related concepts. These include personality traits, self-esteem, social comparisons, self-enhancement, impression management, self-regulation and social (...) identity. To illustrate, we examine how elements of consumer culture and neoliberal political economy intersect with social psychological concepts of self-identity through three main topics: ‘the commodification of self-identity’, ‘social categories, culture and power relations’ and the ‘governing of self-regulating consumers’. In conclusion, we recommend a decommodified approach to research with the aim of producing social psychological knowledge that avoids becoming enmeshed with consumer culture and neoliberalism. (shrink)

This paper is divided into two sections. The first section presents a concise survey of the intellectual itinerary of the French sociologist Pierre Bourdieu in the French intellectual field. Then, after a short presentation of Bourdieu’s The Social Structures of the Economy, I proceed to a broader discussion of his economic sociology. After a presentation of Bourdieu’s key conceptual contributions, I question some aspects of Bourdieusian sociology with regard to its ambition of historicising the ‘economic field’. I identify (...) the limitations of this historicising project in the extension of the metaphor of the market to virtually all fields of human activities and in a concept of capital which fails to grasp a social relation specific to the historical development of capitalism. (shrink)

Despite the growing public awareness of social sustainability issues, little is known about what drives firms to emphasize social criteria in their supplier management practices and what the precise benefits of such efforts are. This is especially true for relationships with international suppliers from the world's emerging economies in Asia, Latin America, and Eastern Europe. Building on stakeholder theory, we address the issue by examining how pressures from customers, the government, and employees as primary constituencies of the firm (...) determine the extent to which firms consider social aspects in the selection of emerging economy suppliers. Further, we analyze how such socially sustainable supplier selection relates to the capabilities of the firm's suppliers, its market reputation, and the learning in its supply management organization. We test the developed research framework empirically using data from 244 U. S. and German corporations. Our findings, consistent with our hypothesized model, suggest that middle-level supply managers as internal stakeholders play a major driving role for firms' socially sustainable supplier selection, and that strong positive links exist between that selection and the investigated outcomes. (shrink)

Sourcing the major traditions of progressive Christian social ethics—social gospel liberalism, Niebuhrian realism, and liberation theology—Gary Dorrien argues for the social-ethical necessity of social justice politics. In carefully reasoned essays, he focuses on three subjects: the ethics and politics of economic justice, racial and gender justice, and antimilitarism, making a constructive case for economic democracy, along with a liberationist understanding of racial and gender justice and an anti-imperial form of liberal internationalism. In Dorrien's view, the three (...) major discourse traditions of progressive Christian social ethics share a fundamental commitment to transform the structures of society in the direction of social justice. His reflections on these topics feature innovative analyses of major figures, such as Walter Rauschenbusch, Reinhold Niebuhr, James Burnham, Norman Thomas, and Michael Harrington, and an extensive engagement with contemporary intellectuals, such as Rosemary R. Ruether, Katie Cannon, Gregory Baum, and Cornel West. Dorrien also weaves his personal experiences into his narrative, especially his involvement in social justice movements. He includes a special chapter on the 2008 presidential campaign and the historic candidacy of Barack Obama. (shrink)

The article posits the concept of economy of mutuality as an intellectual mediation space for shifts in emphasis between market and social structures within economic theory and practice. Economy of mutuality, it is contended, provides an alternative frame of reference to the dichotomy of market economy and social economy, for inquiry about what business is for and what values it presupposes and creates. The article centers around the objective of gaining a broadened understanding of (...) business so as to include not just market economy, but social enterprise and social economy. In pursuit of this objective, a range of various archetypes of business enterprise are considered in light of higher ends of economic life. The highest telos of business encompassing all such archetypes, it is argued, is founded on reciprocity and integral human development. The article concludes that, compared to market economy per se, economy of mutuality provides a better conceptual framework for business in undertaking the challenges of sustainability. (shrink)

If the global economy seems unfair, how should we understand what a fair global economy would be? What ideas of fairness, if any, apply, and what significance do they have for policy and law? Working within the social contract tradition, this book argues that fairness is best seen as a kind of equity in practice.

This paper is divided into two sections. The first section presents a concise survey of the intellectual itinerary of the French sociologist Pierre Bourdieu in the French intellectual field. Then, after a short presentation of Bourdieu’s The Social Structures of the Economy, I proceed to a broader discussion of his economic sociology. After a presentation of Bourdieu’s key conceptual contributions, I question some aspects of Bourdieusian sociology with regard to its ambition of historicising the ‘economic field’. I identify (...) the limitations of this historicising project in the extension of the metaphor of the market to virtually all fields of human activities and in a concept of capital which fails to grasp a social relation specific to the historical development of capitalism. (shrink)

Evolutionary Social Theory and Political Economy traces the origins, extension, marginalization, and revival of evolutionary approaches to social theory from the Enlightenment through the beginning of the 21st century. It demonstrates how changes in understandings of social evolution corresponded to changes in definitions of Political Economy and how both reflected changes in the Philosophy of Science. The book is written for students and researchers alike in all the social sciences. Economists will benefit from understanding (...) how ideas about evolution in Economics corresponded to ideas about evolution in other social sciences and Social Scientists outside of Economics will benefit from understanding how Economics has related to their discipline. (shrink)

The Civil Economy approach, as developed by Italian economists Luigino Bruni and Stefano Zamagni, aims at introducing reciprocity into the economy as a humanizing factor. Despite being presented as an innovative perspective, the CE approach shares many characteristics with the German model of Social Market Economy. The present paper compares both approaches, showing that they in fact share a normative basis and similar aims but address them from diverse points of view; namely, CE addresses them from (...) a virtue ethics perspective and SME from an institutional ethics one. This leads them to stress different aspects and to focus on diverse problems. Therefore, CE would not constitute an alternative to SME but a complement. Thus, a combination of both approaches should allow each to take advantage of their respective strengths and lead to a better result in terms of the common good. (shrink)

In this wide-ranging interview Andrew Sayer discusses how he became a realist and then the development of his work over the subsequent decades. He comments on his postdisciplinary approach, his early work on economy and its influences, how he came to write Method in Social Science and the transition in Realism and Social Science to normative critical social science and moral economy. The interview concludes with discussion of his three most recent books and the themes (...) that connect them, not least the ongoing problem of a ‘diabolical double crisis’ of capitalism: extreme inequality and climate change. (shrink)

The payments industry – the business of transferring value through public and corporate infrastructures – is undergoing rapid transformation. New business models and regulatory environments disrupt more traditional fee-based strategies, and new entrants seek to displace legacy players by leveraging new mobile platforms and new sources of data. In this increasingly diversified industry landscape, start-ups and established players are attempting to embed payment in ‘social’ experience through novel technologies of accounting for trust. This imagination of the social, however, (...) is being materialized in gated platforms for payment, accounting, and exchange. This paper explores the ambiguous politics of such experiments, specifically those, like Bitcoin or the on-demand sharing economy, that delineate an economic imaginary of ‘just us’ – a closed and closely guarded community of peers operating under the illusion that there are no mediating institutions undergirding that community. This provokes questions about the intersection of payment and publics. Payment innovators’ attenuated understanding of the social may, we suggest, evacuate the nitty-gritty of politics. (shrink)

The social and solidarity economy concept refers to enterprises, organizations, and innovations that combine production of goods, services, and knowledge with achieving economic and social goals as well as solidarity building.

The sharing economy has transformed economic transactions, created new organizational forms, and contributed to changes in consumer culture. Started as a movement with promises of a more sustainable, democratic, and inclusive economy, the sharing economy, and its impact on issues such as privacy, discrimination, worker rights, and regulation, is now the subject of heated debate. Many of these issues root in the changes that digital technologies have brought and the unresolved moral and ethical questions emerging therefrom. This (...) special issue contributes to this ongoing debate with five articles that develop theoretical frameworks and conduct empirical investigations, providing fine-grained analyses of urgent issues in the sharing economy. In this article, we highlight these and other issues that we believe deserve further attention from business ethics scholarship. (shrink)

This contribution offers an introduction to the Special Issue 'Rethinking the European Social Market Economy'. It places the Special Issue against the background of the debate on free markets versus social protection in the European Union and the inclusion of the notion of 'social market economy' in the Treaty on European Union. It sketches the meaning and development of the social market economy concept, and introduces the key questions underlying this Special Issue and (...) the contributions included in it. (shrink)

Under the background that the development of low-carbon circular economy is the objective requirement for the in-depth implementation of scientific development and the inevitable choice for promoting the sustainable development of economy and society, it is not only the requirement of corporate social responsibility but also the path to realize corporate social responsibility. Enterprises should become the representative and model of social responsibility practice in the development of low-carbon circular economy, in order to promote (...) the fulfilment and development of corporate social responsibility in the whole society. Therefore, it is of great theoretical and practical significance to study the realization of corporate social responsibility in the context of low-carbon circular economy. This paper introduces the connotation of low-carbon circular economy and corporate social responsibility, analyses the reality and theoretical basis of realizing corporate social responsibility in low-carbon circular economy, analyses the interactive relationship between the development of low-carbon circular economy and the realization of corporate social responsibility, and puts forward the construction of enterprise low-carbon operation mechanism. This paper uses the research of corporate social responsibility based on radial basis function neural network to build a low-carbon circular economy. The evaluation model of environment economy coupling development is verified by an example, which provides useful guidance for the evaluation and development of corporate social responsibility. (shrink)

In this paper I propose a series of hypotheses for further study that are related to potential negative impacts of non-traditional export agriculture (NTEA) on peasantfarmers in Central America. International lenders and donor agencies are promoting this diversification of agricultural exports as part of structural adjustment programs in the region, in order to increase foreign exchange earnings and raise the incomes of the rural poor.There is growing evidence, however, that the impact on the rural poor may not be favorable. I (...) argue that because NTEA can introduce powerful economies of scale, it is likely to accelerate social differentiation in the countryside and expel large numbers of peasant farmers from their lands. In this sense NTEA may be similar to previous export ‘booms,’ leading to rapid intensification of social instability and conflict in an already troubled region. This raises the serious question of the long term sustainability of this development strategy.There is a shortage of published studies that directly address these issues, making further work essential for the adequate review of NTEA policies. I formulate six testable hypotheses based on the economies of scale associated with NTEA. Each is related to a resource essential for successful agricultural production: land; credit; prices, costs, and subsidies; technology; technical assistance; and markets. I suggest that as NTEA grows, small farmer access to each is reduced, eventually making peasant production for domestic consumption an unviable alternative, while those who venture into NTEA encounter unacceptable levels of risk. (shrink)

Social media companies commonly design their platforms in a way that renders them addictive. Some governments have declared internet addiction a major public health concern, and the World Health Organization has characterized excessive internet use as a growing problem. Our article shows why scholars, policy makers, and the managers of social media companies should treat social media addiction as a serious moral problem. While the benefits of social media are not negligible, we argue that social (...) media addiction raises unique ethical concerns not raised by other, more familiar addictive products, such as alcohol and cigarettes. In particular, we argue that addicting users to social media is impermissible because it unjustifiably harms users in a way that is both demeaning and objectionably exploitative. Importantly, the attention-economy business model of social media companies strongly incentivizes them to perpetrate this wrongdoing. (shrink)

Social systems are always exposed to critical processes in which their organization, or part of it, is questioned by the society that demands solutions through different critical saliences. The traditional approach to such social crises has mainly focused on their anticipation and management, implying that the focus is on trying to deal with crises once they occur, rather than delving in their essential characteristics that seemingly depend on the adaptive nature of the system and the increase in its (...) internal complexity. To address this issue, we propose a dual approach that utilizes both qualitative and quantitative methods in order to delve into the relationship between the complexity of the social system, its adaptation, and critical episodes. Our analysis shows how an explosive economic growth affects a social system, increasing its complexity. This complexity produces different demands from the system itself. These demands manifest signatures of complexity such as a heterogeneous and rich social structure, which emerges during moments when the society acts strongly. (shrink)