11.20.07
Rethinking the definition of ‘businesses’: Mohammed Yunus calls for Social Stock Exchange
At a recent event in Mumbai, Mohammed Yunus - Nobel Peace Prize winner and founder of Bangaldesh’s Grameen Bank - called for establishing a social stock market that would list companies who are ‘doing well and doing good’. Mohammed emphasized that economists have been limited in their previous definitions of “businesses” as soley creating wealth, and that businesses can also “do good for society on a no-profit, no loss basis”. A social stock exchange would allow investors who are interested in these “return of capital” opportunties to find enterprises whose focus is on doing good.
