Social Capital, Institutions and Policymaking
Quaderni - Working Paper DSE N° 1070
29 Pages Posted: 10 Jun 2016
Date Written: June 8, 2016
Abstract
Economic processes, consisting of interactions between human beings, exploit the social capital of persons endowed with specific cultures, identities and education. By taking into account this complexity, we focus on the role of institutions and policymaking in the building of social capital and its relevance to the fulfillment of their objectives. Social capital, however, is elusive and has several dimensions with which to interpret its multifaceted functions in economics and society. We cannot forget that social capital is sometimes even undesirable for society, for instance when unethically used. Even so, it is widely accepted that social capital has stable and positive effects.
Keywords: Social capital, institutions, policymaker, education
JEL Classification: Z13, B52, D78
Suggested Citation: Suggested Citation