While the role of the private and public sectors are very much in the public light, the social economy is often taken for granted. However, try to imagine a society without the many forms of organizations that form the social economy: social service organizations, arts and recreation organizations, ethno-cultural associations, social clubs, self-help groups, universities and colleges, hospitals and other healthcare providers, foundations, housing co-operatives, or credit unions. Not only do these organizations provide valuable services, but they employ many people, and purchase goods and services. They are both social and economic entities. Understanding the Social Economy illustrates how organizations in the social economy interact with the other sectors of the economy and highlights the important social infrastructure that these organizations create.

The second edition contains six new case studies as well three new chapters addressing leadership and strategic management, and human resources management. A much-needed work on an important but neglected facet of organizational studies, Understanding the Social Economy continues to be an invaluable resource for the classroom and for participants working in the social sector.