Social Capital, Creative Destruction and Economic Growth

A distinction between individual and communal aspects of social capital is introduced, and their roles in production explored. Contacts are required to transact. contact formation and replacement are mediated by either market institutions or, less efficiently, by informal networks. Replacement of contacts is part of Schumpeterian creative destruction, leading to technological progress but with a negative externality. For output to increase, a "fundamental transformation" from informal to formal contact creation institutions is required. This may be blocked if political elite interests are threatened by the externality. Growth experiences in transition and developing countries are interpreted in this frameword.

Social Capital, Creative Destruction and Economic Growth

This paper provides an analytical framework to capture the economic importance of social capital for growth and innovation. Relational Capital (RC) consists of contacts between economic necessary to acquire inputs and to sell outputs units. These contacts form the individual aspect of social capital that is directly productive. Replacement of old contacts by new ones is part of Schumpeterian creative destruction leading to technological progress. Because informal social networks facilitate the search for contacts, many empirical studies find that social networks supports income generation and innovation. Market institutions enjoy increasing returns to scale in aiding contact formation compared to informal social capital networks. For growth rates in developing countries to increase, a 'fundamental transformation' from informal to formal search institutions is therefore required. But since RC replacement carries a negative externality, creative destruction and technological progress may be punished if it threatens political elite interests. Growth experiences in transition and developing countries are interpreted in this framework.

Who is the L3C Entrepreneur? The pioneers of social enterprise's revolutionary new suffix

This paper is not a scientifically valid survey of L3Cs. It is based on qualitative, anecdotal research only. It is not a quantitative analysis and should not substitute for such data. This paper is also not a technical paper or persuasive paper advocating for the L3C. Several individuals who have been entrenched in this movement for many years have articulated the technical merits and flaws very clearly. (For suggestions on detailed legal and technical analysis of the L3C, see Appendix B.) This paper also focuses mostly on L3C entrepreneurs, not its detractors. While several flaws, challenges, issues and concerns over the L3C are raised in this paper, we did not speak to those who have spoken out against the L3C

Spartan Daily, September 16, 1980

Volume 75, Issue 11https://scholarworks.sjsu.edu/spartandaily/6647/thumbnail.jp

Librarians as midwives of change in scholarly communication

History testifies to two ICT revolutions. In my reckoning scholarly communication is now in the grip of a third. The point of this chapter, to paraphrase Marx, is to show that librarians are in a position not simply to interpret the world of scholarly communication, but to change it, or at least to act as the midwives of that change. The chapter discusses the information value chain, the economic background to scholarly communication, and trends in pricing and negotiation with publishers. It closes by suggesting that the electronic age offers the potential to turn academic library practice on its head. University libraries until now have promised to collect or gain access to the research outputs of all other universities and research institutions, a task that is both impossible to accomplish and costly to attempt. With the widespread introduction of institutional repositories, however, it is now feasible for each university or research institution to collect all the research outputs of its own scholars, and make them available to all other universities. This task, by contrast, is finite and achievable; the costs are commensurate with the research standing and income of the academic institution