Contact Us
linkedin
twitter
  • ABOUT SSL
    • History
    • Contributors
  • DISCIPLINES
    • Anthropology
    • Economics
    • History
    • Philosophy
    • Political Science
    • Social Psychology
    • Sociology
  • SPECIAL COLLECTIONS
    • Evolving Values for a Capitalist World
    • Frontier Issues in Economic Thought
    • Galbraith Series
    • Global History
  • NEWSLETTER

Using Motive to Distinguish Social Capital from Its Outputs

  1. Home
  2. >>
  3. Economics
  4. >>
  5. Economics as a Social...
  6. >>
  7. Psychology and Behavior
  8. >>
  9. Using Motive to Distinguish...
Using Motive to Distinguish Social Capital from Its Outputs
Author(s)Schmid, A. Allan
AbstractThe concept of capital as a productive input to an economy has been extended from physical capital goods (machines, buildings, and so on) to human capital (skills) and more recently to social capital. But much more work remains to make social capital operational and measurable. Institutional economists have long argued that the social relationships involved in habit, custom, norms, and law make a difference in the realization of the potential in physical goods and human skills. But a new name extending the capital metaphor is not needed to describe the institutions of collective action. Rather, this paper calls attention to an underdeveloped subset of institutions regarding motivation to which the term social capital can be most usefully applied. Motive is regarded here as a variable and not a given as in neoclassical economics. The plan of the paper is to first review some of the measures of social capital extant in the literature and to illustrate how they do not clearly identify and distinguish capital sources from its outputs. Next, a deeper interpretation of the capital metaphor, focused on motives, is offered. This is followed by an analysis of the role of sympathy and caring as distinct from norm following. Finally, a survey instrument is developed arid tested to measure the mix of motives that provide the energy of social capital.
IssueNo3
Pages747-768
ArticleAccess to Article
SourceJournal of Economic Issues
VolumeNo36
PubDateSeptember 2002
ISBN_ISSN0021-3624
Browse Path(s)

Economics as a Social Science

  • Alternatives to Mainstream Economics
  • Capitalism and Culture
  • Economic Ideas
  • Economics Education
  • Methods
  • Paradigms Compared
  • Philosophy, Sociology of Economics
  • Policy
  • Psychology and Behavior
  • Theory vs. Reality


Boston University | ECI | Contact Us

Copyright Notification: The Social Science Library (SSL) is for distribution in a defined set of countries. The complete list may be found here. Free distribution within these countries is encouraged, but copyright law forbids distribution outside of these countries.