Moralische Gefühle als Grundlage einer wohlstandschaffenden Wettbewerbsordnung: ein neuer Ansatz zur Erforschung von Sozialkapital und seine Anwendung auf China

Carsten Herrmann-Pillath

No 110, Frankfurt School - Working Paper Series from Frankfurt School of Finance and Management

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).

Keywords: Social capital; Adam Smith; economics of identity; shared framed emotions; China (search for similar items in EconPapers)
JEL-codes: A12 D03 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-ger and nep-hpe
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/27877/1/592281620.PDF (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:fsfmwp:110

Access Statistics for this paper

More papers in Frankfurt School - Working Paper Series from Frankfurt School of Finance and Management Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().