The Solution Economy: A New Way to Solve Social Problems

January 20, 2014 • Emerging Ideas, INNOVATION, Social Impact, SUSTAINABILITY & ETHICS

In recent years an entire economy of societal problem solvers have emerged to tackle old problems in new ways. Below, William D. Eggers and Paul Macmillan discuss a rapidly growing and evolving solution economy in which social impact has become a form of currency with real value to millions.

Can social problems be solved by “solution markets” instead of government?

Consider the toilet: an elevated cistern filled part-way with water, a lever, and a ceramic bowl—the catchment that funnels those tiny cyclones of waste into a hole where stuff just disappears.

It’s so simple and yet…pure magic.

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