1. Re-embedding embeddedness: what is the role of social enterprise in promoting democracy and protecting social rights?
- Author
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Michael J. Roy, Pascal Dey, and Simon Teasdale
- Subjects
Value (ethics) ,Sociology and Political Science ,Embeddedness ,media_common.quotation_subject ,05 social sciences ,Economics, Econometrics and Finance (miscellaneous) ,Social rights ,Management, Monitoring, Policy and Law ,Development ,Deliberation ,Democracy ,0506 political science ,State (polity) ,Reciprocity (social psychology) ,Originality ,Political science ,0502 economics and business ,050602 political science & public administration ,Business, Management and Accounting (miscellaneous) ,050203 business & management ,media_common ,Law and economics - Abstract
Purpose In today’s “market society” almost every aspect of the everyday lives is shaped by market forces. In this essay, the purpose of this paper is to focus on the potential role of social enterprise as one means of re-embedding the economy into society to ensure the economy works for people, rather than the other way around. Design/methodology/approach This is primarily a conceptual paper: a provocation. Findings The authors argue that to work as an embedding force, social enterprise needs to ensure both reciprocity and market exchange while acting in a way that attempts to compensate for the retreat of the state through providing public services and promoting collective decision-making and public deliberation. Originality/value Drawing upon the work of Karl Polanyi to conceptualise social enterprise as an “alternative” economic actor within a plural economic system, the authors contribute to on-going debates about social enterprise as an alternative way of organising markets and society. The authors highlight the challenges involved in achieving such a vision and suggest ways these might be overcome.
- Published
- 2021
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