Paul Killerby

Killerby, P. and Wallis, J. (2002) "Social capital and social economics", Forum for Social Economics Vol 32, No.1, pp 21-32.

Wallis, J., Killerby, P. and Dollery, B. (2004) “Social economics and social capital” International Journal of Social Economics Vol 31 Issue 3, pp 239-258.

Abstract

The "discovery" of social capital in the early 1990s led to an upsurge of research into the economic impact of social cohesion and governmental effectiveness. This paper outlines key developments in the social capital literature over the past 13 years, and summarizes evidence of the links between social cohesion, quality of governance, economic performance and human welfare. The literature indicates that social capital makes a measurable contribution to economic development and overall wellbeing. Partly in response to this emerging body of evidence, there has been increased interest in the application of community development principles to economic development initiatives. This paper argues that the advent of social capital theory represents a partial convergence between social economics and mainstream economics, and signifies an increased acceptance that economic activity cannot be meaningfully "disembedded" from social and political context.

Click here to download Wallis, J., Killerby, P. and Dollery, B. (2004) “Social economics and social capital” International Journal of Social Economics Vol 31 Issue 3, pp 239-258.

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