
By Karen Sternheimer
While visiting Roosevelt Island in New York, I came upon a park named for President Franklin Roosevelt’s Four Freedoms speech, which I discuss in this blog post. I vaguely remembered this speech, and as I re-read it, I stumbled upon the phrase “social economy,” or institutions that are created with a social mission.
This seemed a perfect description of some of the beautiful buildings I visited while in New York: art museums, Penn Station, Grand Central Station, and the New York Public Library. These buildings are not all owned by the public, but exist to fulfil a public service. It made me think about how and why communities decide to invest vast resources in making spaces like these beautiful, ornate, and works of art themselves when they could easily be simple utilitarian buildings.
Continue reading “Social Economy: Public Investment and Social Priorities”


