Muhammad Yunus’ social business, a new paradigm to eradicate poverty
DOI:
https://doi.org/10.15359/eys.20-47.3Keywords:
Social business, Muhammad Yunus, poverty, social innovation, social capitalismAbstract
Social business represents a new paradigm to eradicate world poverty, within a market model that respects human dignity. This social innovation is analyzed based on its creator and main promoter, Muhammad Yunus, 2006 Nobel Peace Prize winner. In addition, these ideas are contrasted with those of other authors who have studied the topic of poverty (such as Bornstein, Prahalad Sachs, De Soto). Some of them have adopted the point of view of traditional Economics and have been criticized by Muhammad Yunus for their ideas and methods. Finally, the author reflects on relative poverty and the moral obligation to fight it.
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