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http://hdl.handle.net/10419/27877
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| Title: | | Moralische Gefühle als Grundlage einer wohlstandschaffenden Wettbewerbsordnung: ein neuer Ansatz zur Erforschung von Sozialkapital und seine Anwendung auf China  |
| Authors: | | Herrmann-Pillath, Carsten |
| Issue Date: | | 2009 |
| Series/Report no.: | | Working paper series // Frankfurt School of Finance & Management 110 |
| Abstract: | | In his comprehensive critique of current economic approaches to social capital, Durlauf (2002) recommends a stronger reliance on methods of experimental economics and social psychology. This paper surveys different notions of social capital and submits an alternative conceptual approach based on the economics of identity (Akerlof and Kranton 2000), which is supplemented by recent interdisciplinary insights into the role of emotions in coordinating human interactions. I claim that this perspective goes back to Adam Smith and his Theory of Moral Sentiments. A new definition of social capital is proposed that puts shared framed emotions into the central place. I apply this new approach on China, especially with reference to the notion of guanxi (networks). |
| Subjects: | | Social capital Adam Smith economics of identity shared framed emotions China |
| JEL: | | A12 D03 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-2009021926 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management
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