SOCIAL CAPITAL AND ORGANIZATIONS

Lindon Robison and Marcelo E. Siles

No 11537, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: An organization is a group of persons who satisfy an established membership requirement. Membership requirements may be based on inherited or earned traits. Organizations provide a place for social capital to reside. Organizations exist because they provide the setting in which members can meet their economic, social, validation, and information needs. As the needs of members change, membership requirements and organizational emphasis may also change. Relationships among an organization's members range from antipathetic to sympathetic. Depending on the quality of relationships or social capital within an organization, power will be exercised using a stick, carrot, and hug. Organizations may experience conflict if members perceive they must compete with each other to satisfy their needs. Finally, in a two-person relationship, social capital is likely to be symmetric or exploitation may exist. In more complicated relationships, social capital is likely to satisfy adding up constraints.

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Pages: 26
Date: 1998
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:11537

DOI: 10.22004/ag.econ.11537

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