论文信息 - The case "against" social capital

The case "against" social capital

This essay is designed to call into question the current boomlet in policy and academic circles for social capital. Social capital has become an explanation for an array of domestic problems in the United States as well as for understanding issues of third world development. 2 However, there is strong reason to ask whether the rise in interest in social capital is due to its demonstrated strength in elucidating socioeconomic phenomena or whether it is the intellectual equivalent of a stock market bubble. To be clear, analyses of social capital have highlighted an important aspect of socioeconomic behavior which has been underemphasized by economists—the role of nonmarket relationships in determining individual and collective behavior. 3 So, I do not question continuing research on this phenomenon. Rather, I ques-

S. Durlauf

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