Social Capital and Community Governance

18 Pages Posted: 3 Feb 2003

See all articles by Samuel Bowles

Samuel Bowles

Santa Fe Institute; University of Massachusetts

Herbert Gintis

Santa Fe Institute; Central European University

Abstract

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 substitutes; (iv) when poorly designed, markets and states crowd out communities; (v) some distributions of property rights are better than others at fostering community governance; and (vi) communities will probably increase in importance in the future.

Suggested Citation

Bowles, Samuel and Gintis, Herbert, Social Capital and Community Governance. Economic Journal, Vol. 112, pp. 419-436, 2002. Available at SSRN: https://ssrn.com/abstract=369140

Samuel Bowles (Contact Author)

Santa Fe Institute ( email )

1399 Hyde Park Rd
Santa Fe, NM 87501
United States
505-984-8800 (Phone)
505-982-0565 (Fax)

HOME PAGE: http://www.santafe.edu

University of Massachusetts ( email )

Amherst, MA 01002
United States
413-545-2590 (Phone)

HOME PAGE: http://www-unix.oit.umass.edu/~bowles/

Herbert Gintis

Santa Fe Institute ( email )

1399 Hyde Park Road
Santa Fe, NM 87501
United States

Central European University

Nador utca 9
Budapest, H-1051
Hungary
413-586-7756 (Phone)

HOME PAGE: http://www-unix.oit.umass.edu/~gintis

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