Inputs and Institutions as Conservative Elements
affiliation not provided to SSRN
March 16, 2007
This essay examines economic stagnation by extending the argument that capital goods and "conservative elements" to the analysis of social capital and institutions in the post-Reconstruction South. It is argued that the structure of social capital that developed in the South was inappropriate to the formal institutions that emerged as a result of the Civil War and Reconstruction. The tensions between institutions and social capital are examined in the context of racist lynching.
Number of Pages in PDF File: 48
Keywords: institutions, US South, racism, lynchingworking papers series
Date posted: April 26, 2007
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