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2 Burnside Economics- Global Economics

Creating a World Without Poverty: Social Business and the Future of Capitalism

by Muhammad Yunus

Creating a World Without Poverty: Social Business and the Future of Capitalism Cover

ISBN13: 9781586484934
ISBN10: 1586484931
Condition: Standard
Dustjacket: Standard
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Synopses & Reviews

Publisher Comments:

The winner of the Nobel Peace Prize outlines his vision for a new business model that combines the power of free markets with the quest for a more humane world — and tells the inspiring stories of companies that are doing this work today.

In the last two decades, free markets have swept the globe, bringing with them enormous potential for positive change. But traditional capitalism cannot solve problems like inequality and poverty, because it is hampered by a narrow view of human nature in which people are one-dimensional beings concerned only with profit.

In fact, human beings have many other drives and passions, including the spiritual, the social, and the altruistic. Welcome to the world of social business, where the creative vision of the entrepreneur is applied to today's most serious problems: feeding the poor, housing the homeless, healing the sick, and protecting the planet.

Creating a World Without Poverty tells the stories of some of the earliest examples of social businesses, including Yunus's own Grameen Bank. It reveals the next phase in a hopeful economic and social revolution that is already under way — and in the worldwide effort to eliminate poverty by unleashing the productive energy of ever human being.

Review:

"Economics professor Yunus claims he 'originally became involved in the poverty issue not as a policy-maker, scholar, or researcher, but because poverty was all around me.' With these words he stopped teaching 'elegant theories' and began lending small amounts of money, $40 or less, without collateral, to the poorest women in the world. Thirty-three years later, the Grameen Bank has helped seven million people live better lives building businesses to serve the poor. The bank is solidly profitable, with a 98.6% repayment rate. It inspired the micro-credit movement, which has helped 100 million of the poorest people in the world escape poverty and earned Yunus (Banker to the Poor) a Nobel Peace prize. This volume efficiently recounts the story of microcredit, then discusses 'Social Business,' organizations designed to help people while turning profits. French food giant Danone's partnership to market yogurt in Bangladesh is described in detail, along with 25 other businesses that operate under the Grameen banner. Infused with entrepreneurial spirit and the excitement of a worthy challenge, this book is the opposite of pessimistic recitals of intractable poverty's horrors." Publishers Weekly (Copyright Reed Business Information, Inc.)

Review:

"The influential economist and winner of the 2006 Nobel Peace Prize outlines his vision for a new business model that combines the power of of free markets with the quest for a more humane world. Includes stories of companies that are already doing social business." Bookseller (UK)

Synopsis:

The winner of the Nobel Peace Prize outlines his vision for a new business model that combines the power of free markets with the quest for a more humane world — and tells the inspiring stories of companies that are doing this work today.

About the Author

Muhammad Yunus, a native of Bangladesh, was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became head of the economics department at Chittagong University. He is the founder and managing director of Grameen Bank, a pioneer of microcredit, an economic movement that has helped lift millions of families around the world out of poverty. Yunus and Grameen Bank are winners of the 2006 Nobel Peace Prize.

Product Details

ISBN:
9781586484934
Subtitle:
Social Business and the Future of Capitalism
Author:
Yunus, Muhammad
With:
Weber, Karl
Publisher:
PublicAffairs
Subject:
Modern - General
Subject:
Poverty
Subject:
Industries
Subject:
Business Ethics
Subject:
Philanthropy & Charity
Subject:
World
Subject:
Social responsibility of business
Subject:
Industries -- Social aspects.
Publication Date:
January 2008
Binding:
Hardcover
Language:
English
Illustrations:
Y
Pages:
261
Dimensions:
9.26x6.44x1.06 in. 1.21 lbs.

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