Humanistic capitalism is a concept that seeks to unite humanism, specifically the safety and health needs of people and the environment, with market forces and a market-based economy. It is often seen as a middle ground between the ideas of modern capitalism and democratic socialism.
Muhammad Yunus describes humanistic capitalism as a socially conscious business world where investors are content to recoup their investments but do not expect additional dividends.
The idea of humanistic capitalism is linked with the idea that fundamental changes must take place in economics today, as humanistic capitalism requires that there be a blending of the non-profit and for-profit sectors. If investors can accept the decrease in financial returns for those on a social level, humanistic capitalism will become a successful force in driving economic and social change. Philanthropy is a fundamental concept to humanistic capitalism. While the idea of humanistic capitalism is still growing, over "72% percent of social entrepreneurs say that raising money is a problem," and fundraising is a major issue to social entrepreneurs, who rely on philanthropy for support and funding.
There are also many businesses today that already combine the needs of the environment with the needs of people and the environment. SustainAbility, a company established in 1987, defines their purpose as to "seek solutions to social and environmental challenges that deliver long term value," and has worked on projects to "identify opportunities to innovate products and services with a reduced environmental footprint."
JEP Foundation promotes the philosophies of humanistic capitalism to create a kinder, gentler economic approach. The principles of Just Enough Profit (JEP) are used by companies to define what they stand for, how they treat their customers and employees, and how they serve humanity.
In Willis Harman's seminal paper "Humanistic Capitalism: Another Alternative" (Journal of Humanistic Psychology, Vol. 14, No. 1, Winter 1974) he writes:...
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The social market economy (SOME; soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state. It is sometimes classified as a regulated market economy.
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
A welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life. There is substantial variability in the form and trajectory of the welfare state across countries and regions.
The course traces the recurring reemergence of a rational approach in design and building form throughout the history of Western architecture, from the Middle Ages to the late 20th century.
Globalization is the linguistic omnivore of our times. This course addresses the long history of worldwide encounters and goes behind the rosy vision of a global village. It gives particular attention
Globalization is the linguistic omnivore of our times. This course addresses the long history of worldwide encounters and goes behind the rosy vision of a global village. It gives particular attention
The lecture attempted to trace the history of architecture as built ideology. The article follows the steps of Manfredo Tafuri’s famous essay ‘Per un critica dell’ideologia architettonica’, published’ in 1969, in the journal Contropiano, the article unders ...
The essay attempt to trace the history of architecture as built ideology. The article follows the steps of Manfredo Tafuri’s famous essay ‘Per un critica dell’ideologia architettonica’, published’ in 1969, in the journal Contropiano, the article understand ...