Re-embedding embeddedness: what is the role of social enterprise in promoting democracy and protecting social rights?

Roy, Michael; Dey, Pascal; Teasdale, Simon (2021). Re-embedding embeddedness: what is the role of social enterprise in promoting democracy and protecting social rights? Social Enterprise Journal, 17(3), pp. 379-397. Emerald Publishing Limited 10.1108/SEJ-02-2021-0011

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Purpose – In today’s “market society” almost every aspect of the everyday lives is shaped by market forces. In this essay, the purpose of this paper is to focus on the potential role of social enterprise as one means of re- embedding the economy into society to ensure the economy works for people, rather than the other way around. Design/methodology/approach – This is primarily a conceptual paper: a provocation. Findings – The authors argue that to work as an embedding force, social enterprise needs to ensure both reciprocity and market exchange while acting in a way that attempts to compensate for the retreat of the state through providing public services and promoting collective decision-making and public deliberation. Originality/value – Drawing upon the work of Karl Polanyi to conceptualise social enterprise as an “alternative” economic actor within a plural economic system, the authors contribute to on-going debates about social enterprise as an alternative way of organising markets and society. The authors highlight the challenges involved in achieving such a vision and suggest ways these might be overcome.

Item Type:

Journal Article (Original Article)

Division/Institute:

Business School > Institute for Innovation and Strategic Entrepreneurship
Business School > Institute for Innovation and Strategic Entrepreneurship > Low-end Innovation
Business School

Name:

Roy, Michael;
Dey, Pascal and
Teasdale, Simon

Subjects:

H Social Sciences > H Social Sciences (General)

ISSN:

1750-8614

Publisher:

Emerald Publishing Limited

Language:

English

Submitter:

Pascal Dey

Date Deposited:

27 Jul 2021 11:09

Last Modified:

10 Oct 2021 02:18

Publisher DOI:

10.1108/SEJ-02-2021-0011

Uncontrolled Keywords:

Social enterprise, Democracy, Welfare, Embeddedness, Institutions, Karl Polanyi, Polanyi, Organisations

ARBOR DOI:

10.24451/arbor.15127

URI:

https://arbor.bfh.ch/id/eprint/15127

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