Microcredit is an operational and policy instrument turned into a powerful interpretative device. The path-breaking conception of Muhammad Yunus has radically modified standard approaches to economic and social development, primarily by emphasizing the role of trust-enforcing social arrangements, their roots in reciprocal interactions and their influence upon individual trustworthiness. The success of microcredit experiments calls for a rethinking of the theory of social action in connection with economic patterns of interdependence. In particular, microcredit points to the embedding of economic interactions within social and institutional networks, highlights the role of embedding in promoting the functioning of capabilities, and emphasizes that responsible choices pre-suppose an adequate network of mutual influences and constraints. At the same time, microcredit calls attention to freedom of choice and personal initiative in taking full advantage of relational structures, achieving a satisfactory functioning of human capabilities and realizing trustworthiness through civic and social engagement.
Brunori L., Pines M. (2013). The Other Side of the Coin: the Psychological Implications of Microcredit. New York : Nova Science Publishers, Inc., New York.
The Other Side of the Coin: the Psychological Implications of Microcredit
BRUNORI, LUISA;
2013
Abstract
Microcredit is an operational and policy instrument turned into a powerful interpretative device. The path-breaking conception of Muhammad Yunus has radically modified standard approaches to economic and social development, primarily by emphasizing the role of trust-enforcing social arrangements, their roots in reciprocal interactions and their influence upon individual trustworthiness. The success of microcredit experiments calls for a rethinking of the theory of social action in connection with economic patterns of interdependence. In particular, microcredit points to the embedding of economic interactions within social and institutional networks, highlights the role of embedding in promoting the functioning of capabilities, and emphasizes that responsible choices pre-suppose an adequate network of mutual influences and constraints. At the same time, microcredit calls attention to freedom of choice and personal initiative in taking full advantage of relational structures, achieving a satisfactory functioning of human capabilities and realizing trustworthiness through civic and social engagement.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
