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A Social Economy

In: Rethinking the Market Economy

Author

Listed:
  • Jean-Jacques Lambin

    (Università degli studi di Milano-Bicocca
    Université catholique de Louvain)

Abstract

Social economy refers to a third sector in economies between the private sector and business, or the public sector and government. It includes organizations such as cooperatives, non-profit organizations, social businesses and charities. Social economy usually develops because of a need to find new and innovative solutions to issues — whether they are socially, economically or environmentally based — and to satisfy the needs of members and users, which have been ignored or inadequately fulfilled by the private or public sectors. By using solutions to achieve not-for-profit aims, it is generally believed that the social economy has a distinct and valuable role to play in helping create a strong, sustainable, prosperous and inclusive society. The social economy is a significant source of employment that has contributed to curbing the impact of the 2008 economic crisis in Europe.

Suggested Citation

  • Jean-Jacques Lambin, 2014. "A Social Economy," Palgrave Macmillan Books, in: Rethinking the Market Economy, chapter 10, pages 185-196, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-39291-6_10
    DOI: 10.1057/9781137392916_10
    as

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