Agents Cooperation and Network Sustainability: A Note on a Microeconomic Approach to Social Capital
This paper investigates (i) the extent to which the emerging notion of "social capital" is definable and treatable within a microeconomic approach, and (ii) what valuable research directions exist in this field at the moment. The contribution is aimed at framing a specific conceptual model in order to indicate a research direction, thus "looking for the fire behind the smoke" which has been generated around the concept. First, after a critical examination of the recent socio-economic literature on Social Capital, a microeconomic-grounded definition, revolving around the elements of reciprocal trust and voluntary co-operation, is provided. The definition is theoretically consistent with the recent and more relevant socio-economic literature, it is self-contained and thus it represents a feasible framework for further analysis. Secondly, the implications of the definition, regarding the role of social capital investments for the development of firm network and innovative capacity, are discussed. Finally, a set of possible extensions and main critical points are sketched. The main point we raise is that the analysis on social capital will fruit-fully develop only if several self-contained and theoretically sound definitions are drawn out at different levels, even with different research aims and from different methodological perspectives. A defined and robust conceptual framing of the social capital concept is in fact a necessary pre-condition for supporting consistent applied analyses. The work intends to constitute a point of reference for future research, generating some controversy and stimulating further contributions.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mul:jb33yl:doi:10.1428/14115:y:2004:i:2:p:299-322. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.