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Economic Analysis of Social Common Capital

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  • Uzawa,Hirofumi

Abstract

Social common capital provides members of society with those services and institutional arrangements that are crucial in maintaining human and cultural life. Social common capital is comprised of three categories: natural capital, social infrastructure, and institutional capital. Natural capital consists of natural environment and resources including the Earth's atmosphere. Social infrastructure consists of roads, bridges, public transportation systems, and public utilities. Institutional capital includes hospitals, educational institutions, judicial and police systems, public administrative services, financial and monetary institutions, and cultural capital. This 2005 book attempts to modify and extend the theoretical premises of orthodox economic theory to make them broad enough to analyze the economic implications of social common capital. It aims to find the institutional arrangements and policy measures that will bring about the optimal state of affairs in which the natural and institutional components are blended together harmoniously to realize the sustainable state as suggested by John Stuart Mill.

Suggested Citation

  • Uzawa,Hirofumi, 2005. "Economic Analysis of Social Common Capital," Cambridge Books, Cambridge University Press, number 9780521847889.
    • Handle: RePEc:cup:cbooks:9780521847889
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    Cited by:

    1. Wei-Bin Zhang, 2015. "Oscillations in a Growth Model with Endogenous Wealth, Resource, Housing, and Elastic Labour Supply," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(9), pages 458-472, September.
    2. Zhang Wei-Bin, 2011. "Economic Growth And Dynamics Of Renewable Resource With Housing, Agricultural And Resource Land Use," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 6(2), pages 151-174, August.
    3. Yuji Harada & Hiroyasu Uemura, 2019. "Robert Boyer, Économie politique des capitalismes: Théorie de la régulation et des crises, La Découverte, 2015," Evolutionary and Institutional Economics Review, Springer, vol. 16(2), pages 551-566, December.
    4. Hiroshi Nishi & Kazuhiro Okuma, 2023. "Fiscal policy and social infrastructure provision under alternative growth and distribution regimes," Evolutionary and Institutional Economics Review, Springer, vol. 20(2), pages 259-286, September.
    5. Kazuhiro Okuma & Yuji Harada, 2022. "Robert Boyer, Les capitalismes à l’épreuve de la pandémie, La Découverte, 2020," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 511-522, April.
    6. Mihoko Shimamoto, 2023. "Normative Corporate Income Tax with Rent for SDGs’ Funding: Case of the U.S," Sustainability, MDPI, vol. 15(4), pages 1-18, February.
    7. van de Klundert, Theo, 2010. "On the determinants of institutional design," European Journal of Political Economy, Elsevier, vol. 26(2), pages 167-175, June.
    8. Matsushima, Hitoshi, 2022. "Epistemological implementation of social choice functions," Games and Economic Behavior, Elsevier, vol. 136(C), pages 389-402.
    9. Wei-Bin Zhang, 2017. "Growth with Endogenous Capital, Knowledge, and Renewable Resources," Romanian Statistical Review, Romanian Statistical Review, vol. 65(1), pages 19-37, March.
    10. Hitoshi Matsushima, 2021. "Assignments with Ethical Concerns," CARF F-Series CARF-F-514, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    11. Hitoshi Matsushima, 2022. "Honesty and Epistemological Implementation of Social Choice Functions with Asymmetric Information," CARF F-Series CARF-F-549, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    12. Rahman, H.M. Tuihedur & Hickey, Gordon M. & Sarker, Swapan Kumar, 2012. "A framework for evaluating collective action and informal institutional dynamics under a resource management policy of decentralization," Ecological Economics, Elsevier, vol. 83(C), pages 32-41.
    13. Gang Li & Akihiko Yanase, 2016. "On the Production Efficiency of Full Employment under Production Externalities," Economics Bulletin, AccessEcon, vol. 36(4), pages 2482-2490.
    14. Hiroshi Nishi & Kazuhiro Okuma, 2023. "Social common capital accumulation and fiscal sustainability in a wage-led growth economy," Working Papers PKWP2305, Post Keynesian Economics Society (PKES).
    15. Roberto Scazzieri & Lilia Costabile, 2006. "Social Models, Growth and the International Monetary System: Implications for Europe and the United States," Working Papers wp117, Political Economy Research Institute, University of Massachusetts at Amherst.
    16. Wei-Bin Zhang, 2014. "Population Change with Endogenous Birth and Mortality Rates, Wealth Accumulation, and Renewable Resource Change," International Journal of Economic Sciences, Prague University of Economics and Business, vol. 2014(3), pages 103-129.
    17. Hirofumi Uzawa, 2008. "Global Warming, Imputed Prices, and Sustainable Development," DEGIT Conference Papers c013_014, DEGIT, Dynamics, Economic Growth, and International Trade.

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