Fostering Sustainable Complexity in the Microfinance Industry: Which Way Forward?

8 Pages Posted: 25 May 2005

See all articles by Emily L. Chamlee-Wright

Emily L. Chamlee-Wright

Institute for Humane Studies at George Mason University

Abstract

The microfinance movement has gained tremendous popularity over the past 30 years, but it is still far from meeting its full potential. The industry stands at a crossroads between increased commercialisation and increased philanthropic aid. Standard economic discourse does little to resolve the debate. F. A. Hayek's concept of the 'extended order' sheds new light on how we might understand the future development of microfinance.

Suggested Citation

Chamlee-Wright, Emily L., Fostering Sustainable Complexity in the Microfinance Industry: Which Way Forward?. Economic Affairs, Vol. 25, No. 2, pp. 5-12, June 2005, Available at SSRN: https://ssrn.com/abstract=728686

Emily L. Chamlee-Wright (Contact Author)

Institute for Humane Studies at George Mason University ( email )

3401 N. Fairfax Drive
Arlington, VA 22201-4432
United States

HOME PAGE: http://https://theihs.org/

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