Fostering Sustainable Complexity: Which Way Forward?

Journal of Economic Affairs, Vol. 25, No. 2, 2005

8 Pages Posted: 6 Jun 2008

See all articles by Emily Chamlee-Wright

Emily Chamlee-Wright

Beloit College - Department of Economics and Management

Abstract

The microfinance movement has gained tremendous popularity over the past 30 years, but it is still far from meeting its full potential. The industry stands at a crossroads between increased commercialisation and increased philanthropic aid. Standard economic discourse does little to resolve the debate. F. A. Hayek concept of the extended order sheds new light on how we might understand the future development of microfinance.

Keywords: microfinance, extended order

JEL Classification: D00, D02, D61, J20, 02

Suggested Citation

Chamlee-Wright, Emily, Fostering Sustainable Complexity: Which Way Forward?. Journal of Economic Affairs, Vol. 25, No. 2, 2005, Available at SSRN: https://ssrn.com/abstract=1141506

Emily Chamlee-Wright (Contact Author)

Beloit College - Department of Economics and Management ( email )

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