Moralische Gefühle als Grundlage einer wohlstandschaffenden Wettbewerbsordnung: ein neuer Ansatz zur Erforschung von Sozialkapital und seine Anwendung auf China
AbstractIn his comprehensive critique of current economic approaches to social capital, Durlauf (2002) recommends a stronger reliance on methods of experimental economics and social psychology. This paper surveys different notions of social capital and submits an alternative conceptual approach based on the economics of identity (Akerlof and Kranton 2000), which is supplemented by recent interdisciplinary insights into the role of emotions in coordinating human interactions. I claim that this perspective goes back to Adam Smith and his Theory of Moral Sentiments. A new definition of social capital is proposed that puts shared framed emotions into the central place. I apply this new approach on China, especially with reference to the notion of guanxi (networks). --
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Bibliographic InfoPaper provided by Frankfurt School of Finance and Management in its series Frankfurt School - Working Paper Series with number 110.
Date of creation: 2009
Date of revision:
Social capital; Adam Smith; economics of identity; shared framed emotions; China;
Find related papers by JEL classification:
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-19 (All new papers)
- NEP-GER-2009-09-19 (German Papers)
- NEP-HPE-2009-09-19 (History & Philosophy of Economics)
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- Böing, Philipp & Müller, Elisabeth, 2012. "Technological Capabilities of Chinese Enterprises: Who is Going to Compete Abroad?," Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62081, Verein für Socialpolitik / German Economic Association.
- Yu, Xiaofan, 2011. "A spatial interpretation of the persistency of China's provincial inequality," Frankfurt School - Working Paper Series 171, Frankfurt School of Finance and Management.
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