The Perils of Buying Social Capital Locally

16 Pages Posted: 1 Aug 2015

See all articles by Ryan Murphy

Ryan Murphy

Southern Methodist University (SMU)

Date Written: July 30, 2015


Among the arguments put forward by proponents of buying local is that it facilitates the accumulation of social capital. However, some research has suggested that social capital may not always confer economic benefits. This paper explores potential problematic aspects of social capital, especially as they pertain to the buy local movement.

Keywords: Buy Local, Social Capital, Trust

JEL Classification: R11, Z10

Suggested Citation

Murphy, Ryan, The Perils of Buying Social Capital Locally (July 30, 2015). Available at SSRN: or

Ryan Murphy (Contact Author)

Southern Methodist University (SMU) ( email )

6212 Bishop Blvd.
Dallas, TX 75275
United States

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