When Adam Smith and Karl Marx Encounter Social Enterprise

When Adam Smith and Karl Marx Encounter Social Enterprise

[Year 1]

When Adam Smith and Karl Marx Encounter Social Enterprise

Introduction
Undoubtedly both capitalism and communism have their own drawbacks and blind spots. It is not surprising to find that each ism triggers certain social problems. When time comes to current decades, some suppose that it is time for people to review and reformulate a new model for betterment of society, especially after the dissolution of the Soviet Union and various global financial crises. Social enterprise thus debuts in the state of world and seems to navigate between the two extreme isms, offering a ‘third way’ to the world. Social enterprise is ‘businesses whose primary purpose is the common good [which] use the methods and disciplines of business and the power of the marketplace to advance their social, environmental and human justice agendas’. The question is whether Adam Smith and Karl Marx consent to this solution.

Full text: When Adam Smith and Karl Marx Encounter Social Enterprise



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