Is Individual Behavior Oriented to Self-interest, Other-interest or both? Empirical Evidence from a Case Study of Social Capital
While social capital is becoming mainstreamed in social science, much remains to be done to better understand its' nature. This is especially true for "What motivates the investment in social capital, and what affects the level of social capital?" An earlier paper by Robison, Schmid and Siles ( 2002) suggests that social capital is motivated by sympathy, and thus in some sense it is sympathy. The empirical testing herein suggests that the formation of social capital may well be motivated in part by an empathetic, sympathetic tendency toward pursuing a shared other-interest. Data used in the test is from a mid-western U.S.A. rural community we refer to herein as "Nirvana" as it was identified in Cordes et al. (2003). The evidence shows Nirvana residents value social capital as a means of reaching self-interested ends as conditioned by shared other-interest. There appears to be a kind of symbiosis at work between the two interests, self-interest and other-interest, which likely explains the development success of this community. The question on what degree of orientation from strict attention to self-interest leads to greater viability in communities like Nirvana remains unresolved, and to answer the question explicitly requires further research on comparison of communities at different levels of economic viability and social capital.
|Date of creation:||2006|
|Contact details of provider:|| Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202|
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lindon Robison & A. Allan Schmid & Marcelo Siles, 2002. "Is Social Capital Really Capital?," Review of Social Economy, Taylor & Francis Journals, vol. 60(1), pages 1-21.
- Heckman, James, 2013.
"Sample selection bias as a specification error,"
Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
- Heckman, James J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-161, January.
- Lindon J. Robison & Jan L. Flora, 2003. "The Social Capital Paradigm: Bridging across Disciplines," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(5), pages 1187-1193.
- Samuel Bowles & Herbert Gintis, 2002. "Social Capital and Community Governance," Economic Journal, Royal Economic Society, vol. 112(483), pages 419-436, November.
- Gary D. Lynne, 2002. "Agricultural Industrialization: A Metaeconomics Look at the Metaphors by which we Live," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 24(2), pages 410-427.
- Lynne, Gary D., 1999. "Divided self models of the socioeconomic person: the metaeconomics approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 28(3), pages 267-288. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:ags:aaea06:21198. 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: (AgEcon Search)
If references are entirely missing, you can add them using this form.