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Relationship Economics - The Social Capital Paradigm and its Application to Business, Politics and Other Transactions (Hardcover, New Ed)
Loot Price: R4,456
Discovery Miles 44 560
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Relationship Economics - The Social Capital Paradigm and its Application to Business, Politics and Other Transactions (Hardcover, New Ed)
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Total price: R4,476
Discovery Miles: 44 760
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In a 24/7 world and a global economy, there is no doubt that
relationships impact virtually every economic transaction. In
Relationship Economics, Lindon Robison and Bryan Ritchie argue that
what needs to be understood is not just whether relationships
matter (which, of course, they do), but also, how much, and in what
circumstances they should matter. Providing a rigorous and
measurable definition of the way that relationships among
individuals create a capital, social capital, that can be saved,
spent, and used like other forms of capital, Robison and Ritchie
use numerous examples and insightful analysis, to explain how
social capital shapes our ability to reduce poverty, understand
corruption, encourage democracy, facilitate income equality, and
respond to globalization. The first part of the book explains how
social capital can be manipulated, stored, expended, and invested.
The second part explores how levels of social capital within
relationships influence economic transactions both positively and
negatively, which in turn shape poverty levels, economic
efficiency, levels and types of political participation, and
institutional structures.
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