New Frontiers of Cooperation in the Economy

Issues: Volume 1, Issue 1
Authors: Partha Dasgupta

In this paper I study the role of social capital in a just society. In such a world, the most fruitful first step in considering communities as economic institutions isn’t to ask what social capital might be, but to ask instead a fundamental question facing any group of people who have agreed on a joint course of action: under what contexts can the members be sanguine that the promises they have made to one another are credible? I show that answering the question leads us to a tight and useable notion of social capital in a just world.

Keywords: cooperation, institutions, cooperative enterprises, pro-social behavior, social capital, civic capital, trust
JEL classification: A13; D31; D64; L31; P13; Z1
DOI: http://dx.doi.org/10.5947/jeod.2012.001
About authors: Partha Dasgupta    Download .PDF