The article contains the discussion about the apparent contradictions between economicand other dimensions of social life from the theoretical perspective of economic institutionalism. The author shows that the conflicts between the individual and the col

Abstract

The article contains the discussion about the apparent contradictions between economicand other dimensions of social life from the theoretical perspective of economic institutionalism. The author shows that the conflicts between the individual and the collective and betweenefficiency and social solidarity are better understood and hence better solved if we take intoaccount different time perspective of social and economic actions. The article argues also that postindustrial economy enables the revival of community oriented economic actions which are both efficient and socially integrating. Thus, the obsolescenceof certain forms of the community-based economic activities is rather apparent than true. Theauthor claims that there is a role for public support for he socially oriented community basedeconomy, especially in the sector of social services. Yet, any policy action should be precededby a careful policy analysis both with regards to expected goals and chosen instruments.