• Table of Contents
    • Abstract
    • Keywords
    • Article
      • Definitions?
      • Why do people keep promises?
      • Social capital as interpersonal networks
      • Networks and human capital
      • Micro-behaviour and macro-performance
        • Total factor productivity
        • Interpreting cross-section findings
      • Dark matters
        • Exploitation within networks
      • Morals
    • See Also
    • Bibliography
    • How to cite this article

social capital

Partha Dasgupta
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Social capital is an aggregate of interpersonal networks. Belonging to a network helps a person to coordinate his strategies with others. Where the state or the market is dysfunctional, communities enable people to survive, even if they do not enable them to live well. But communities often involve hierarchical social structures; and the theory of repeated games cautions us that communitarian relationships can involve allocations where some of the parties are worse off than they would have been if they had not been locked into the relationships. Even if no overt coercion is visible, such relationships could be exploitative.
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How to cite this article

Dasgupta, Partha. "social capital." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 11 December 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_S000451> doi:10.1057/9780230226203.1549

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