Inputs and Institutions as Conservative Elements

48 Pages Posted: 26 Apr 2007

See all articles by Art Carden

Art Carden

Brock School of Business, Samford University; Independent Institute

Multiple version iconThere are 2 versions of this paper

Date Written: 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.

Keywords: institutions, US South, racism, lynching

Suggested Citation

Carden, Art, Inputs and Institutions as Conservative Elements (March 16, 2007). Available at SSRN: or

Art Carden (Contact Author)

Brock School of Business, Samford University ( email )

800 Lakeshore Drive
Birmingham, AL 35229
United States


Independent Institute ( email )

100 Swan Way
Oakland, CA 94621-1428
United States

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