NDLI: Social Economy Organisations in the Theory of the Firm

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Entrepreneurship and Higher Education

Making Local Strategies Work. Building the Evidence Base.

Local Development Benefits from Staging Global Events

More Than Just Jobs. Workforce Development in a Skills-Based Economy.

Local Innovations for Growth in Central and Eastern Europe

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Executive Summary

Social Economy Organisations in the Theory of the Firm

The Social Economy in the New Political Economic Context

The Role of the Social Economy in Local Development

Social Enterprises, Institutional Capacity and Social Inclusion

Diverse Approaches and Practices in Europe and Canada

The Social Economy in Central East and South East Europe

A Supportive Financing Framework for Social Economy Organisations

Investment Strategies and Financial Tools for Local Development

Baltic Partnerships. Integration, Growth and Local Governance in the Baltic Sea Region.

From Immigration to Integration. Local Solutions to a Global Challenge.

Skills Upgrading. New Policy Perspectives.

Local Governance and the Drivers of Growth

Business Clusters. Promoting Enterprise in Central and Eastern Europe.

Culture and Local Development

Entrepreneurship. A Catalyst for Urban Regeneration.

Evaluating Local Economic and Employment Development. How to Assess What Works among Programmes and Policies.

New Forms of Governance for Economic Development

Global Knowledge Flows and Economic Development

Managing Decentralisation. A New Role for Labour Market Policy.

Private Finance and Economic Development. City and Regional Investment.

The Non-profit Sector in a Changing Economy

Entrepreneurship and Local Economic Development. Programme and Policy Recommendations.

Best Practices in Local Development

Social Economy Organisations in the Theory of the Firm

Content Provider	OECD iLibrary
Author	Borzaga, Carlo Tortia, Ermanno
Abstract	Social economy organisations are growing in number and relevance in advanced, developing and transition economies. Whilst their relevance for balanced social and economic development is now widely recognised, economic theory is not yet able to explain their existence properly, reducing it to the presence of market and state failures. The development of an explanation is attempted here in two steps: first, it is necessary to overcome the traditional paradigm of exclusively self-seeking individuals. Economic actors are motivated by a variety of preferences over and above purely extrinsic and monetary ones: on the one hand, relational and reciprocal preferences exert a major influence inside organisations, mainly in terms of procedural fairness; on the other hand, intrinsic and social preferences are often drivers of entrepreneurial activities. The second step is the consideration of a new conception of the firm, near to the evolutionary tradition, which sees production organisations as governance structures not geared necessarily to the maximisation of the net economic result (profit). Instead, the working of firms requires simpler economic sustainability and needs to take into consideration the motivations and needs, including the social ones, of all the involved actors, which, generally, are locally embedded.
Page Count	52
Starting Page	23
Ending Page	60
Language	English
Publisher	OECD Publishing
Publisher Date	2007-10-30
Access Restriction	Open
Subject Keyword	Governance Social Issues/Migration/Health Urban, Rural and Regional Development
Content Type	Text
Resource Type	Chapter

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