Does High GDP Mean Economic Prosperity?

gdp-stack-coinsEconomists traditionally use Gross Domestic Product to measure economic progress. If GDP is rising, the economy is good and the nation is moving forward. If GDP is falling, the economy is in trouble and the nation is losing ground. From a strictly numerical perspective, GDP provides an easy-to-follow indicator of economic health. From the perspective of a citizen living with the day-to-day realities of life, GDP can be rather misleading.

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“Enriching the social finance ecosystem: design of a social mutual fund” Conference Paper at ISIRC 2013, Oxford University, Said Business School

5th International Social Innovation Research Conference, 2-4/9/2013

 Title: “Enriching the social finance ecosystem: The design of a social mutual fund”  (Read the full paper)

Abstract Seminal theoretical work has been conducted, during the last 5 years, in the field of social finance as a mean of funding social business, social entrepreneurship and the third sector in general. Along with the theory, national (UK, Canada, Australia etc) and supranational policies (ie the EU) have been implemented and through an ongoing process the social finance tools proving their utility and scope (i.e social bonds, social funds etc) in the short run and anticipated to the long one. In this paper we will present the theory behind the design and the model of a social mutual fund (SMF) as a complementary tool to the already functioning social financial tools.


The anthropology of money and finance: from ethnography to world history

coverKeith Hart (London School of Economics and University of Pretoria) and Horacio Ortiz (Centre de sociologie de l’innovation, Paris)

This is an essay in the making currently posted in three parts with a separate bibliography. We hope to circulate it widely and invite you to comment and discuss all or bits of it, as you wish. The project reviews developments in the anthropology of money and finance over the last century, listing its achievements, shortcomings and prospects. We are working on it for publication as a literature review that we hope will engage not only students, but also some professionals in the field of money and finance, not only anthropologists, but all who want to understand better the world economy today. Since the 1960s, anthropologists have tended to restrict themselves to niche fields and marginal debates. We hope to to reverse this trend, integrating world history and stressing the importance of money in shaping global society.

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The Book (html file)

Social entrepreneurs dare to change the world

Joel Otieno, a clinical health assistant at the FACES community-based organization in Kenya, rides to his next appointment. He is supported by an organization called Riders for Health, founded by Andrea and Barry Coleman, who share a passion for motorcycles. Through the racing world, they became involved in fundraising for children in Africa and soon recognized the vital role of transportation in providing health care.

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