Social capital defined as sympathy has capital-like properties including transformaton capacity, durability, flexibility, opportunities for decay (maintenance), reliability, ability to create other capital forms and investment (disinvestment) opportunities

Social capital is a person or group's sympathy for or sense of obligation to another person or group. This article introduces social capital into a neoclassical model of farmland exchange and shows how relationships alter the terms of trade. Empirical evidence from a survey of farmers shows that...