Small Change
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More About This Title Small Change


A new movement is afoot that promises to save the world by applying the magic of the market to the challenges of social change. Its supporters argue that using business principles to solve global problems is far more effective than more traditional approaches. What could be wrong with that?

Almost everything, argues former Ford Foundation director Michael Edwards. In this hard-hitting, controversial exposé, he marshals a wealth of evidence to reveal that in reality, a market approach hurts more than it helps. Real change will come when business acts more like civil society, not the other way around.


Michael Edwards is an independent writer and activist who is affiliated with the New York-based think-tank Demos, the Wagner School of Public Service at New York University, and the Brooks World Poverty Institute at Manchester University in the UK. From 1999 to 2008 he was Director of the Ford Foundation’s Governance and Civil Society Program, and previously worked for the World Bank, OxFam, and Save the Children.


Introduction: The Rise of Philanthrocapitalism
Chapter 1: Clearing the Analytical Ground: Definitions and Differences
Social Enterprise
Chapter 2: What Does the Evidence Have to Tell Us?
Chapter 3: Adam Smith's Dilemma: What Does Theory Have to Tell Us?
Chapter 4: Continuing the Conversation: Conclusions and Next Steps
Organizing A Better Conversation
Principles of Self-Restraint