Template-type: ReDIF-Paper 1.0
Author-Name: Akcomak, Semih
Author-Email: s.akcomak@maastrichtuniversity.nl
Author-Workplace-Name: UNU-MERIT, Maastricht University, and CPB (Netherlands
	 Bureau for Economic Policy Analysis)
Author-Name: Stoneman, Paul
Author-Email: pstone@essex.ac.uk
Author-Workplace-Name: Department of Sociology, University of Essex
Title: How novel is social capital: Three cases from the British history that reflect 
	 social capital
Abstract: Social capital increases efficiency by reducing transaction costs, 
	 creating new forms of information exchange and by inducing change in 
	 individual attitudes. How Royal Society of London, the Media and the 
	 Private Prosecution Societies functioned in the 17th and 18th century 
	 Britain display astonishing similarities with these three elements that 
	 have been identified by contemporary scholars. By and large current 
	 literature treats social capital as novel phenomenon, as "manna from 
	 heaven". We argue that social capital is no such magical discovery and 
	 it could emerge whenever and wherever social networks exist.
Classification-JEL: A12, A13, N33, Z13
Keywords: Social capital, British History, Voluntary associations
Series: UNU-MERIT Working Papers
Creation-Date: 2010
Number: 2010-015
File-URL: https://unu-merit.nl/publications/wppdf/2010/wp2010-015.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2010015