1. Origins of the economy as collective activity -- 2. Custom and path-dependence. Social capital as accumulation factor -- 3. The role of the state in economic development -- 4. Competition in Enlightenment economists -- 5. On the productiveness of welfare expenditures -- 6. Keynesian Policy...

This paper investigates the relationship between economy-wide policies and the performance of investment projects in education and health sectors. The model highlights the fact that the production of human capital requires an interaction of the demand for and supply of social services, both are...