Download This PaperInputs and Institutions as Conservative Elements
48 Pages Posted: 26 Apr 2007
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Inputs and Institutions as Conservative Elements
Number of pages: 48
Posted: 26 Apr 2007
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Inputs and Institutions as Conservative Elements
Review of Austrian Economics, Forthcoming
Posted: 01 Dec 2007
Date Written: March 16, 2007
Abstract
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: Suggested Citation
Carden, Art, Inputs and Institutions as Conservative Elements (March 16, 2007). Available at SSRN: https://ssrn.com/abstract=982375 or http://dx.doi.org/10.2139/ssrn.982375
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