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New Frontiers of Cooperation in the Economy

  • Partha Dasgupta

    ()

    (University of Cambridge)

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    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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    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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    1. 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.
    2. Oswald, A.J., 1997. "Happiness and Economic Performance," Papers 18, Centre for Economic Performance & Institute of Economics.
    3. Besley, T. & Coate, S. & Loury, G., 1990. "The Economics Of Rotating Savings And Credit Associations," Working papers 556, Massachusetts Institute of Technology (MIT), 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. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-84, July.
    6. 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.
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