Benjamin Gidron, Anna Domaradzka

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


The major argument of this book is that the economic crisis of 2008 was a trigger for significant changes in the thinking about the relationship between economy and society. The crisis emphasized the negative impact of the neoliberal economy on the society and the environment, and gave rise to a change in conception regarding the relationships between these two domains: from a conceptual (and institutional) separation between society and economy to the idea of hybridity, which suggests that it is possible to pursue both social and economic objectives within the same organizational structure. The concept of new social and impact economy is used to depict the recent parallel developments in the arenas of social enterprises on the one hand and of impact investment on the other. The chapter analyzes the origins of the social economy concept, including its ideological roots, its typical organizational form—the cooperative, its link to the concept of Third Sector, and its institutional ecosystem. It concludes with the introduction of social entrepreneurship and hybrid organizational forms as well as impact investment into the economy, especially after the 2008 crisis, which form the new social and impact economy.
Original languageEnglish
Title of host publicationThe New Social and Impact Economy
Subtitle of host publicationAn International Perspective
EditorsBenjamin Gidron, Anna Domaradzka
Place of PublicationCham
PublisherSpringer International Publishing
Number of pages18
ISBN (Print)978-3-030-68295-8
StatePublished - May 2021


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