Social Capital, Inequality, and Economic Crisis

Economic growth is produced in part by the accumulation of different kinds of capital, including social capital in its several forms. If such capital depreciates, including social capital, the economy can be undermined and financial and economic crises can follow. The author compares experiences in...

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Bibliographic Details
Main Author: Thorvaldur Gylfason
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Online Access:http://hdl.handle.net/10.1080/05775132.2015.1067485
Description
Summary:Economic growth is produced in part by the accumulation of different kinds of capital, including social capital in its several forms. If such capital depreciates, including social capital, the economy can be undermined and financial and economic crises can follow. The author compares experiences in the United States to those in Sweden and Iceland to draw useful lessons.