There is an unhelpful vagueness in the meaning of social capital. While this article does not provide a definitive interpretation of this important concept, after examining a representative sample of various usages—including the contributions of Becker, Coleman, Jacobs, and Putnam—it offers an interpretation of social capital, emphasizing the emergent character of norms and networks in public space, which is germane to the understanding of the entrepreneurially driven market process.
The Review of Austrian Economics – Springer Journals
Published: Feb 28, 2008
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