Social Capital and Community Governance

  title={Social Capital and Community Governance},
  author={Samuel Bowles and Herbert Gintis},
  journal={Wiley-Blackwell: Economic Journal},
Community governance is the set of small group social interactions that, with market and state, determine economic outcomes. We argue (i) community governance addresses some common market and state failures but typically relies on insider-outsider distinctions that may be morally repugnant and economically costly; (ii) the individual motivations supporting community governance are not captured by either selfishness or altruism; (iii) communities, markets and states are complements, not… Expand
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