The success and attention received by the first 2008 edition of The Elgar Companion to Social Economics – including a 2009 Choice American Library Association Outstanding Academic Title – led us to discuss with our publisher Edward Elgar a second edition. In this second edition, many of the chapters from the first are significantly revised and new chapters have been added on Teaching and learning in economics, Cooperatives, Provisioning and Workplace democracy. These new and revised chapters deepen and expand the distinct understanding and vision that social economics brings to reflection on the social dimensions of economic life. In many respects, this new edition constitutes a response to what has happened in the world economy since the first edition. Indeed the first edition appeared right at the beginning of the financial crisis and the Great Recession, the consequences of which are still with us. The breakdown in markets and society that occurred was a clear demonstration that conventional economic thinking is inadequate to explain the world we live in. As of today, reduced living standards and stagnant economies continue to burden many people across the world with no end in sight, social and economic inequality continues to widen, and governments seem even less responsive to the everyday issues people face. What is painfully missing from what most economists and policy makers recommend for the future is any kind of social perspective on how well-functioning economies depend on the well-being of people.