This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...

This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...

I establish a positive relationship between family ties and civic virtues, as captured by disapproval of tax and benefit cheating, corruption, and a range of other dimensions of exploiting others for personal gain. I find that family ties are a complement to social capital, using within country...

Social scientists, in particular sociologists, claim that the distinction between universalistic and particularistic values is relevant to explaining the social behaviour of individuals (and societies). This paper provides preliminary empirical evidence that supports the claim. It first defines...

High political and environmental uncertainty, constraints, and increasing societal problems led to an increase in the number of Social Enterprises in recent times. Social Enterprises work toward blended value gains, providing solutions to societal problems and producing economic value. These...

Social capital, Social trust, Crowding-out hypothesis, Welfare state, Social spending. - The crowding-out hypothesis asserts that the state development tends to erode social capital, that is voluntary, familial, communal and other interpersonal ties become weaker; people lose the sense of moral...