Is Individual Behavior Oriented to Self-interest, Other-interest or both? Empirical Evidence from a Case Study of Social Capital

Zhenyu Zhang and Gary D. Lynne

No 21198, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: While social capital is becoming mainstreamed in social science, much remains to be done to better understand its' nature. This is especially true for "What motivates the investment in social capital, and what affects the level of social capital?" An earlier paper by Robison, Schmid and Siles ( 2002) suggests that social capital is motivated by sympathy, and thus in some sense it is sympathy. The empirical testing herein suggests that the formation of social capital may well be motivated in part by an empathetic, sympathetic tendency toward pursuing a shared other-interest. Data used in the test is from a mid-western U.S.A. rural community we refer to herein as "Nirvana" as it was identified in Cordes et al. (2003). The evidence shows Nirvana residents value social capital as a means of reaching self-interested ends as conditioned by shared other-interest. There appears to be a kind of symbiosis at work between the two interests, self-interest and other-interest, which likely explains the development success of this community. The question on what degree of orientation from strict attention to self-interest leads to greater viability in communities like Nirvana remains unresolved, and to answer the question explicitly requires further research on comparison of communities at different levels of economic viability and social capital.

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Pages: 18
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/21198/files/sp06zh04.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:ags:aaea06:21198

DOI: 10.22004/ag.econ.21198

Access Statistics for this paper

More papers in 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().