Social capital defined as sympathy has capital-like properties including transformaton capacity, durability, flexibility, opportunities for decay (maintenance), reliability, ability to create other capital forms and investment (disinvestment) opportunities

Books reviewed in this article: K. Hoover, Casuality in Macroeconomics Jason Potts, The New Evolutionary Microeconomics: Complexity, Competence and Adaptive Behaviour Stephen Dobson and John Goddard, The Economics of Football Hazel Bateman, Geoffrey Kingston and John Piggott, Forced Saving:...

I Paradigmatic and Theoretical Studies -- 1 Welfare Economics, Power, and Property -- 2 Predicting the Performance of Alternative Institutions -- 3 Interrelations between Legal and Economic Processes -- 4 Ecosystem Policy and the Problem of Power -- 5 Normative Premises in Regulatory Theory --...

Game theory and other approaches have been used to characterize problems involving high-exclusion-cost goods which also have the characteristic that marginal cost of an additional user is zero over some range. These analytical tools have made valuable contributions to understanding voluntary...

Social capital has emerged as a paradigm capable of bridging across various social science disciplines. However, its adoption by social scientists from different disciplines has led to multiple and often conflicting definitions. Besides conflicting definitions, some social scientists have argued...

Selfishness of preferences alone will not support the coordination necessary for the industrialization of the food system. Social capital relationships of mutual sympathy (caring) yield socio-emotional goods that are important in the more personal business world of evolving incomplete contracts...

If the capital metaphor is to be taken seriously, social capital must focus on sources and not consequences. Human motive is the equivalent of physical capital goods which can perform transformative functions such as creating utility for one person out of the consumption of another and solving...