Social Economy by country
Besides the empirical research on the area of Vaud, the project aims at advancing the theoretical knowledge on the subject. These theoretical advances have to serve not only to define better the field and thus to develop a common language on the subject, but especially to develop innovative conceptions.
This paper examines different conceptualisations of the social economy in the UK; it reviews the scope and diversity of the social economy in the UK. It goes onto to outline some of the current trends (markets for welfare services, and the growth of social enterprise) and challenges it faces.
The role of cooperative and social enterprises in contemporary market economies has been downplayed and marginalised to date by the dominant economic approaches.
To date, the dominant economic approaches have downplayed and marginalised the role of cooperative and social enterprises in contemporary market economies. This insufficient attention derives from the limited applicability to the case of cooperative and social enterprises of two of the main assumptions of orthodox microeconomic theory: the presence of only self-interested individuals and profit-maximisation as the only possible firm objective.
Euricse’s framework of analysis is defined around the term “social enterprise”. By social enterprise (SE) we intend (EMES definition) “not-for-profit private organizations providing goods or services directly related to their explicit aim to benefit the community. They rely on a collective dynamic involving various types of stakeholders in their governing bodies, they place a high value on their autonomy and they bear economic risks linked to their activity.” (Defourny and Nyssens 2008: 5).