An Introduction to Slow Money and Its Gandhian Roots

Journal of Human Values, 20(2), October 2014, Forthcoming

17 Pages Posted: 30 Aug 2012 Last revised: 21 May 2014

See all articles by Arvind Ashta

Arvind Ashta

CEREN EA 7477 Burgundy School of Business - Université Bourgogne Franche-Comté

Date Written: 2014

Abstract

Slow money, or patient nurturing capital directly invested locally in small firms in food and basic industries, is a new term but an old notion. It gains revival in times of crisis, especially after the recent financial crisis, as people search for meaning and a way out of the ruinous effects of uncontrolled capitalism. This article traces the roots of the movement to Gandhian thought. It examines the cases of the CIGALES clubs of microangels in France and the more recent case of the slow money alliance to ferret out the basic principles and strategies of these movements and how they are aligned with Gandhian values.

Keywords: Microangels, microequity, microfinance, slow food, Gandhism, proximity, patient capital, nurture capital, venture capital, business angels, tontines, pawn shops

JEL Classification: D92, G24, O1

Suggested Citation

Ashta, Arvind, An Introduction to Slow Money and Its Gandhian Roots (2014). Journal of Human Values, 20(2), October 2014, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2137632 or http://dx.doi.org/10.2139/ssrn.2137632

Arvind Ashta (Contact Author)

CEREN EA 7477 Burgundy School of Business - Université Bourgogne Franche-Comté ( email )

29 rue Sambin
21000 Dijon
France

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