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Economic growth is propelled in part by the accumulation of different kinds of capital, including social capital in its several guises. This paper considers the interplay between financial crises and various aspects of social capital which, if it is allowed to depreciate, can undermine economic...
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. Furthermore, misplaced belief in a market economy where morals and ethics play no role paved the way to serious lapses in …, a failure due, at least in Iceland, to a combination of mistakes, incompetence and what can only be called corruption …
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