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

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Binding: Hardcover
Dewey Decimal Number: 338.7
EAN: 9781586484934
ISBN: 1586484931
Label: PublicAffairs
Manufacturer: PublicAffairs
Number Of Items: 1
Number Of Pages: 296
Publication Date: January 07, 2008
Publisher: PublicAffairs
Sales Rank: 2995
Studio: PublicAffairs

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Product Description:

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 every human being.

Customer Reviews

Average Rating: out of 5 stars

Rating:

- High on rhetoric, short on action
Professor Yunus' book pales in comparison to his Banker to the Poor - this current book is light on action and heavy on rhetoric. It does tell a story about how he was able to create a social enterprise - using his connections as a Nobel Prize winner and book author.

It does not give any type of action plan on how the typical person could arrange a social business or even more their company more toward a social function. I was disappointed as it was more a book of opinions and far-flung ideas about how to create institutions like social stock markets, etc., and little about how to actionably help the poor.

In all, an interesting book, but mostly due to Yunus' writing style and easy of telling stories. It contains some short history but not enough action. I highly prefer C.K. Prahalad's Fortune at the Bottom of The Pyramid for more direct guidance on how this has been done.

Rating:

- "Creating A World Without Poverty" by Muhammad Yunus
In "Creating a World Without Poverty: Social Business and the Future of Capitalism," the follow up to "Banker To The Poor: Micro-Lending and the Battle Against World Poverty", Muhammad Yunus describes a new economic entity he calls the "social business." In short, this is an organization that has a specific social goal as opposed to regular business, for which profit is the only goal.

Yunus is most famous for receiving the Nobel Prize in 2006 along with his Grameen Bank, which is the world's largest maker of microloans. Since then, microlending has come into vogue, and the term has become very popular, though I venture that many people who use the term do not understand the implications. The idea is exciting enough that you don't need to understand; money is given like charity, but then gotten back like an investment. It's like the mystical quarter on a string that allows you unlimited candy from the ... Read More

Rating:

- Social Business, a concept that can save this world
When I bought this book, my expectations were primarily to get a deeper insight into micro credit, since Prof Yunus is best known for this powerful means for empowering the poor to free themselves from the shackles of poverty. However, from the first chapter itself, it was abundantly cleat that this book is about the novel concept of Social Business, a paradigm shift in the way we look at business. We have all along assumed that Business and profits inseparable Siamese twins, and the "aim of all business is to produce a surplus" and that the surplus is always assumed to be in the form of profits for the shareholders. On the other hand when we think of social welfare, we assume that this sector that includes Health Care, Sanitation, Primary Education, Eradication of communicable diseases etc are ideal cases for Government to take care, and if it falls short, NGOs and charitable organizations step in. These activities ... Read More

Rating:

- A noble dream
Poverty is a threat to peace, hence the Nobel Peace Prize.
But his arguments for social business are also a contribution to modern economic theory.

I first read the epilogue ( the lecture for the Nobel Prize), which summarizes the ideas.

Recommended for anyone interested in human development , in particular the situation of the "bottom billion".

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