This paper briefly examines how social capital affects overall economic growth processes and individual firm development, both positively and negatively, in low- and middle-income countries. The paper discusses how the concept of social capital is related to simple economic growth models and to...

A primary objective of the Agricultural Credit Scheme of 1967 was to accelerate the pace of economic development. Economic development was to be promoted by the credit scheme's expected contribution towards increasing agricultural output and incomes. Agriculture occupies a dominant position in...

Heterodox scholarship at Michigan State University (MSU) was influenced by the institutional economics of John R. Commons at Wisconsin. But it was far from monolithic and had many other sources and originality of its own. A case can be made that the center of institutional economics moved across...

This paper summarizes the current state of the social capital paradigm from the viewpoint of the authors. The paper presents and defends a social capital definition based on sympathetic relationships. The paper also summarizes an expanded set of rational preferences that depend on social...

Social capital in the past two decades has emerged as a dominant paradigm in the various social science disciplines. However, its adoption by the different social science disciplines has led to multiple and often conflicting definitions of social capital. Some differences in the definition of...

An organization is a group of persons who satisfy an established membership requirement. Membership requirements may be based on inherited or earned traits. Organizations provide a place for social capital to reside. Organizations exist because they provide the setting in which members can meet...