News, ideas, research & resources, in social
entrepreneurship and philanthropy
(🕒This month's newsletter is 1508 words long and takes 12 mins to read)
📢News
Welcome to the first Marshall Institute newsletter of 2021. Last year was all a bit too Samuel Beckett (‘Do you not think this has gone on long enough?’). Wouldn’t it be nice if this year reminded us of something a bit more joyous (‘Only connect’ perhaps)? Yet, we are all feeling resolutely hopeful and continue to support our remarkable students, and to push back against anti-social entrepreneurship. We look forward to seeing as many of you as possible during the year ahead, on and off line - Stephan Chambers, Director.
+ In this month's Impact and Insight: Michael Moritz, of Sequoia Capital, argues business must set aside self interest to help end US extremism; and Robert Reich, and co-authors, ask if philanthropy can help rehabilitate America's "vulnerable" democracy?
How can philanthropy help rehabilitate US democracy?
The 2020 elections, covid-19 and racial unrest have highlighted the increasing vulnerability of democracy in the US, but is philanthropy the most democratic way to save it? | Stanford Social Innovation Review (8 mins)
Giving civil society the right response
Reportinto the range of responses by governments to support, or hinder, civil society and philanthropy. Offers a list of practical recommendations for policymakers| Charities Aid Foundation (6 mins)
Elon Musk debates how to give away the world's biggest fortune
Despite previously signing the Giving Pledge, Musk has - publicly at least - done relatively little for charity, but this week he asked his 42m Twitter followers for advice on how to give away his fortune (and has so far received 27.5K suggestions) | Bloomberg (2 mins)
> Charity
Covid billionaires shouldhelp starving people, charity boss
Billionaires whose wealth has soared during the coronavirus pandemic should help provide emergency aid to the record numbers of people facing starvation, the head of a US charity supporting the World Food Programme has said | Guardian (3 mins)
Becoming a next generation wealth advisor
New report: Embracing the Power of Community, explores how wealth advisors will need to transition to new ways of working if they want to survive in the 'new normal' | IG Advisors (2 mins + report)
Why a just transition must underpin a green recovery
A proposal for a Green+ Gilt, with defined social and economic benefits, is supported by major investors and institutions representing more than £10 trillion in assets| Impact Investing Institute (4 mins)
> Economics:
The economic consequences of major tax cuts for the rich
Major reforms reducing taxes on the rich lead to higher income inequality but do not have any significant effect on economic growth or unemployment David Hope and Julian Limberg | International Inequalities Institute, LSE (4 mins)
The Oscar winners of 2020 (for behavioural economics)
Cass R. Sunstein celebrates films and TV series that elucidated key behavioural economics concepts. Winners include the film Mank, and TV series, The Wonder Years | Mint (2 mins)
How good is your impact report? Does anyone actually read impact reports? Dr Jess Daggers argues that after ten years of trying improve impact practice nobody really knows what a good impact report looks like | Medium(10 mins)
Social enterprises can change entire businesses, this is how Tony’s Chocolonely started as a small social enterprise sourcing cacao to ensure farmers a ‘living wage’. It is now a fast-growing international company, whose sourcing principles have been adopted by a supermarket chain | WEF (6 mins)
A social enterprise setting the business agenda. Image: Photo by Walter Otto on Unsplash
🔊 Listening to:
Radical Reformers - the 'hybrid economy'
A conversation with Julian Le Grand, Professor of Social Policy at the LSE, on his recent work on the 'hybrid economy', which proposes a new, more co-operative, social and local form of capitalism | Radical Reformers (38 mins)
The art of listening and talking
Can perfecting the ability to listen to one another improve the health of our society? With Emily Kasriel, Marshall Institute practitioner-in-residence, and Stephen Coleman, author of How People Talk About Politics | RSA (44 mins)
13 Jan: Beveridge 2.0: the supportive state
Discussion on the latest issue of the LSE Public Policy Review: Beveridge 2.0, with Julian Le Grand,Oriana Bandiera, Abigail McKnight and Jonathan Reynolds. Chair: Tony Travers | LSE
13 Jan: New economics for a world in crisis
Jasper Kenter, University of York, argues the world has responded to the global crisis with huge changes of mindsets and habits, alongside major social and economic interventions | York Talks
18 Jan: Hayekian behavioural economics
Cass R. Sunstein, HarvardLaw School,discusses ongoing research which is creating a new form of Hayekian behavioural economics| LSE
3 Feb: The epic potential of empowering women
Linda Scott coined the phrase “Double X Economy” to address the systemic exclusion of women from the world financial order. She argues that removing the barriers to women's success would benefit everyone | Marshall Institute
3 Feb: One step ahead: mastering the art and science of negotiation
Behavioural games theorist, David Sally, teaches the art of negotiation at leading business schools. He offers insights on how to stay competitive in an ever-changing marketplace | LSE
22 Feb: Philanthropy - from Aristotle to Zuckerberg
Are the super-rich secretly shaping our world?Paul Vallely, Fran Perrin and Robert Reich, discuss how the history of philanthropy has influenced its changing political role | Marshall Institute
🔎New Research
The impact of covid-19 on the social enterprise sector
Researchoutlines considerations for examining the impact of the COVID-19 pandemic on the social enterprise sector. Rasheda L Weaver, Assistant Professor at the Hynes Institute for Entrepreneurship and Innovation at Iona College | Journal of Social Entrepreneurship, (December 2020)
Non-profit boards: it is time to lift your gaze and see the system Applying systems thinking at the board level has not been normal practice. This paper provides a framework for how boards might do so and, in turn, govern beyond their organisation and meet the social purpose for which their organisations exist | Harvard Business School working papers (December 2020)
+ more resources: UnLtd Awards Portal; the foundation for social entrepreneurs offers funding and support opportunities in Scotland, Wales and Ireland as well as selected cities around the UK;Social Enterprise UK, national membership body
2. Virtual Volunteers - for professionals Seeking professionals with skills - including marketing, report writing, research & strategy - to mentor social enterprises. School for Social Entrepreneurs
3. MovingWorlds Institute Fellowship Programme Six month virtual programme combines learning, networking, mentorship, and coaching alongside a project to support social good
+ Applied Theatre in Dementia and Social Enterprise Fellow (3 posts) Create a new social enterprise to work with older adult patients living with dementia. Developed by The Royal Central School of Speech and Drama and Imperial College Healthcare NHS Trust. Closing: 18 January, 2021
>New LSE scholarships
Each year, the new Uggla Family Scholarship Programme will offer comprehensive financial support to ten students from underrepresented backgrounds during their LSE studies
Is there anything you would like to see included in this newsletter in future? Send your contributions, suggestions and feedback to marshallinstitute@lse.ac.uk
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