In July, Jennifer Hinton delievered a Schumacher Lecture on ” The Transformative Potential of the Not-for-Profit Economy.” It is now available on YouTube here. Read a description below.
‘…….the institutional layers of ‘profit-orientation’ and ‘legal purpose’ play a key role in determining a firm’s behaviour. ….Therefore, the most common business structures in an economy play an essential role in generating the system dynamics seen on the macro-level of the economy.
I ….explore the emergence of not-for-profit forms of business and explore how an economy made up of institutions designed to deliver social benefit might lead to very different system dynamics. In doing so, I …present a range of scenarios developed using systems analysis methods to explore how legal business frameworks shape system behaviour on the macro-level of the economy…….I explore the potential of different business structures as a key leverage point for systemic transformation to a more socially and ecologically sustainable economy.
