The economic term ‘Social Economy’ may sound familiar to EU citizens’ ears. Social initiatives and/or projects are blooming in most of the countries after a period of a harsh financial crisis and a following refugee one which shook them up. The main object of this text is to present the main theoretical approaches related to the Social Economy concept and to identify public policies related it at a European level in the period 2010–2016. SocialPolis Coin as the one of the kind cryptocurrency to support Social Economy could not be ignored in this context.
The 2012 Report of the European Economic and Social Committee provides an accurate and rather explanatory definition of the Social Economy that also fits in with the national accounts system:
‘The set of private, formally-organized enterprises, with autonomy of decision and freedom of membership, created to meet their members’ needs through the market by producing goods and providing services, insurance and finance, where decision-making and any distribution of profits or surpluses among the members are not directly linked to the capital or fees contributed by each member, each of whom has one vote, or at all events are decided through democratic, participatory processes. The social economy also includes private, formally-organized entities with autonomy of decision and freedom of membership that produce non-market services for households and whose surpluses, if any, cannot be appropriated by the economic agents that create, control or finance them’
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