An Introduction to Slow Money and its Gandhian Roots. (October 2014)

• Record Type: Journal Article
• Authors: Ashta, Arvind
• Is Part Of: Journal of human values. Volume 20:Number 2(2014:Oct.)
• Page Start: 209
• Page End: 225
• Publication Date: 2014-10
• Subjects: Microangels -- micro equity -- slow food -- Gandhi -- patient capital -- nurture capital; Management -- Moral and ethical aspects -- Periodicals; Social values -- Periodicals; Business ethics -- Periodicals; 303.4
• DOI: 10.1177/0971685814539410
• Languages: English
• ISSNs: 0971-6858

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.