Overview
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.
Full Product Details
Author: Lindon J. Robison ,
Bryan K. Ritchie
Publisher: Taylor & Francis Ltd
Imprint: Gower Publishing Ltd
Edition: New edition
Weight: 0.748kg
ISBN: 9780566091698
ISBN 10: 0566091690
Pages: 284
Publication Date: 28 March 2010
Audience:
Professional and scholarly
,
General/trade
,
Professional & Vocational
,
General
Format: Hardback
Publisher's Status: Active
Availability: In Print
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Reviews
'Social relationships shape who we are, what we value and how we make our way in the world, yet paradoxically the social sciences have often struggled to incorporate this reality into how we understand human behavior and inform policy priorities, focusing instead on individuals or institutions. Robison and Ritchie correct this imbalance by revisiting Adam Smith's notion of sympathy, using it to outline a fascinating new framework for restoring social relations to the center of our deliberations of business, politics and community life' - Michael Woolcock, World Bank
Author Information
Professor Lindon Robison is a member of faculty at the Department of Agriculture, Food and Resource Economics at Michigan State University, USA. He holds degrees from Utah State University and the University of Illinois and a Ph.D. from Texas A&M University. He has worked for the US Government as an agricultural economist and has been a member of visiting faculty at Brigham Young University and the University of Minnesota, US and at the Swedish University of Agricultural Sciences in Uppsala. Professor Robison has won many academic awards, served on numerous research committees and editorial boards, consulted widely, and authored numerous journal articles, reports, book chapters and books.. Dr. Bryan Ritchie is Associate Professor of International Relations at James Madison College, Michigan State University, and Associate Director for External Strategy at the Office of Bio-based Technology and Office of Research and Graduate Studies. He is a Co-Director of the Michigan Center for Innovation and Economic Prosperity. Dr Ritchie holds a Bachelors degree from the University of Nevada, an MBA from the Marriott School, Brigham Young University, and a PhD. in political science from Emory University, all in the US. He is a member of the Editorial Board for the Journal of Asian Business. Dr Ritchie has received many awards and fellowships and has been widely published. He is an entrepreneur, starting and running several high-tech companies and consults on political economy to US Naval operations.
