Will “social capital” be the next big industry to emerge?
It’s new enough that there’s not even a commonly accepted term for it. Some call it “social capital” or “social entrepreneurism”, others “blended value”, and some choose the Starbucksian name “double-triple bottom line.” You might just call it making money from doing good.
Microcredit is the major innovation that popularized the idea of alternatives to traditional philanthropy. An economics professor named Mohammed Yunus famously pioneered giving very small loans to people in developing countries to build… Continue Reading