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New Frontiers of Cooperation in the Economy

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  • Partha Dasgupta

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    (University of Cambridge)

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    Abstract

    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.

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    File URL: http://www.jeodonline.com/sites/jeodonline.com/files/articles/2012/12/21/jeoddasguptanewfrontiersofcooperationintheeconomy.pdf
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    Bibliographic Info

    Article provided by European Research Institute on Cooperative and Social Enterprises in its journal Journal of Entrepreneurial and Organizational Diversity.

    Volume (Year): 1 (2012)
    Issue (Month): 1 (December)
    Pages: 7-20

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    Handle: RePEc:trn:csnjrn:v:1:i:1:p:7-20

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    Related research

    Keywords: cooperation; institutions; cooperative enterprises; pro-social behavior; social capital; civic capital; trust;

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    References

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    1. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-84, July.
    2. Besley, Timothy & Coate, Stephen & Loury, Glenn, 1993. "The Economics of Rotating Savings and Credit Associations," American Economic Review, American Economic Association, vol. 83(4), pages 792-810, September.
    3. Blanchflower, David G. & Oswald, Andrew J., 2001. "Well-Being Over Time in Britain and the USA," The Warwick Economics Research Paper Series (TWERPS) 616, University of Warwick, Department of Economics.
    4. Besley, Timothy & Coate, Stephen, 1995. "Group lending, repayment incentives and social collateral," Journal of Development Economics, Elsevier, vol. 46(1), pages 1-18, February.
    5. Knack, Stephen & Keefer, Philip, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, MIT Press, vol. 112(4), pages 1251-88, November.
    6. Oswald, A.J., 1997. "Happiness and Economic Performance," Papers 18, Centre for Economic Performance & Institute of Economics.
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    Cited by:
    1. Fabio Sabatini & Francesca Modena & Ermanno Tortia, 2012. "Do cooperative enterprises create social trust?," EERI Research Paper Series EERI_RP_2012_10, Economics and Econometrics Research Institute (EERI), Brussels.

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