scholarly journals Social Capital, Social Norms and the New Institutional Economics

Author(s):  
Philip Keefer ◽  
Stephen Knack
Sociologija ◽  
2008 ◽  
Vol 50 (1) ◽  
pp. 17-34 ◽  
Author(s):  
Natasa Golubovic

The aim of this paper is to analyze sources of social capital, i.e. that segment of the overall capital which is embedded in social ties and relationships. This is not an easy task because in theoretical debates differences between sources, manifestations and effects of social capital are very often blurred. It is argued that different approaches in the analysis of the sources of social capital could be integrated into one conceptual model which would include two direct sources of social capital social networks and social norms. In addition, formal institutions and trust are also closely related to social capital. These determinants influence the development of social capital and are mutually related.


2006 ◽  
Vol 1 (3) ◽  
pp. 383-402 ◽  
Author(s):  
Sebouh Aslanian

This essay examines the role of ‘trust’ and cooperation in early modern long-distance trade. While most literature on the subject posits trust as a given attribute of long-distance merchant communities and not as a factor in need of historical explanation or analysis, this essay seeks to provide a historical explanation for the creation and role of trust in such communities. It focuses on the history of Armenian merchants from New Julfa, Isfahan, during the seventeenth and eighteenth centuries. The central theoretical model this essay relies upon to explain trust among Julfan Armenian merchants derives from ‘social capital’ theory as elaborated in sociology and economic sociology, as well as theory from the New Institutional Economics associated with the influential work of Avner Greif. Unlike the latter body of work, however, this essay argues that Julfan trust must be understood not solely as an outcome of informal institutions such as reputation-regulating mechanisms discussed by Greif in his work on Maghribi Jews of the medieval period, but also as a result of the simultaneous combination of both informal and semi-formal legal institutions. In the Julfan context, the essay thus focuses on a merchant arbitrage institution known as the Assembly of Merchants, which enabled Julfan merchants to generate and maintain trust, trustworthiness and uniform norms necessary for collective action and cooperation.


2015 ◽  
Vol 10 (2) ◽  
Author(s):  
Sara Endarwati ◽  
Ekawati Sri Wahyuni

<p>Social capital is an important component in a community. Social capital is used to help each other when in need, such as the need to secure food sufficiency in a household. Social capital consists of trust, networks, and social norms. Household food security is defined as a condition of food suffiency in one household in terms of availability, accesibility and consumability. This study aims to analyze the roles of social capital in household food security in Ciaruteun Ilir village, Cibungbulang subdistrict at Bogor Regency. The data collected by using a survey to 60 horticultural farmer houselds. The farmer’s household food security is not determined by socio economic level, spending level and the number of household members. Farmers use the capital social to generate income for buying foods.</p><p>Keywords: social capital, food security, horticultural farmer</p>


Author(s):  
Mit Witjaksono

The new institutional economics paradigm, qualitative-interpretive paradigm, case study strategy, and narrative interviewing were applied in this research in reconstructing conceptually and theoretically how the existence and roles of social capital within the context of the dynamics of SILOW (Sentra Industri Logam Waru) development since its beginning through the development of ASPILOW (Asosiasi Pengusaha Industri Logam Waru). Four distinct social capital perspectives and MBCA (Mutually Beneficial Collective Action are used as two proxies in reconstructing the existence and roles of social capital on the dynamics of SILOW development. Based on analytical reconstruction found that structurally and cognitively the existence and roles of social capital contribute significantly to the industry development of SILOW in five phases: the embryo of blacksmith center, the blacksmith center, the metal works center (SILOW), the SILOW-Synergy I, and the SILOW-Synergy II.


Author(s):  
Andrea Lorenzo Capussela

This chapter completes the theoretical framework of the book by juxtaposing institutional economics with the literature on the collective action problem, social norms, culture, and ideas. It discusses the foundations of the collective action problem and the role of institutions—formal (laws) and informal (social norms)—in overcoming it. It links these studies with those on social capital, civicness, and the origins of generalized inter-personal trust. It criticizes the view—frequent in analyses of Italy—that a society’s culture is an independent obstacle to its development, and argues conversely that institutions, civicness, trust, and culture are part of the extant social order, and co-evolve. It ends with a discussion of the role of ideas, which are freer from the grip of the extant equilibrium and can lead elites, distributional coalitions, and ordinary citizens and firms to revise their assessment of their own interests and support efficiency-enhancing reforms.


Author(s):  
Nadia Fiorino ◽  
Emma Galli ◽  
Nicola Pontarollo

AbstractIn this paper we develop a new composite indicator, named Social Catalyst, able to account for the complex and multifaceted nature of the social capital in a unitary measure. We use our indicator, as well as its components, to explore the relation between social capital and electoral participation in the parliamentary elections in Italy from 1994 to 2008, addressing the potential endogeneity bias. Our findings show that (i) the Social Catalyst positively and significantly affects voter turnout in both Chambers; (ii) among the different dimensions of social capital, social norms and associational networks play a prominent role in the Italian regional context.


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