Reflecting on "Is Social Capital Really Capital?"

Reflecting on "Is Social Capital Really Capital?"

Lindon J. Robison -

The essence of social capital is what Adam Smith called sympathy and what we would call empathy.  Empathy allows us to internalize the well-being of others and motivates us to act for the good of others.

View the article in which colleagues and I review the definitions of social capital and propose one consistent with what Adam Smith proposed.

 

 

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Other Articles in this Series

Connecting Social Capital and Income Distributions

Presentation: The Social Capital Synthesis of Behavioral and Socio-economics

Defining Commodification

“Predictably Irrational Choices” and Relational Goods

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