Toward a Social Capital Theory of Cooperative Organisation

Vladislav Valentinov

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Cooperative Studies and Economics Social Capital and Networks Social and Economic Solidarity

Abstract

The paper is aimed at developing an approach to an economic rationalisation of cooperative organisation and argues that the latter represents a special, social capital-based, type of organisation in the sense that: 1) it is based on social capital in the same way as market and hierarchy are respectively based on price and authority relation; 2) social capital is the major resource of organisations governed on the basis of cooperative principles. The approach is applied to the following issues: the problem of social orientation of cooperatives; comparative analysis of 'capitalistic' and cooperative organisation; the meaning of cooperative principles.

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References

1987The Economic Institutions of Capitalism 1976Markets and Hierarchies: Analysis and Antitrust Implications.1996Production, Information Costs and Economic Organization 1982Moral Hazard in Teams 1998Social capital and economic development: Toward a theoretical synthesis and policy framework 1988Trust as a commodity 2001Understanding and Measuring Social Capital: A Synthesis of Findings and Recommendations from the Social Capital Initiative 1962Cooperative Enterprise and Organization Theory

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2015Social Capital, Member Participation, and Cooperative Performance: Evidence from China’s Zhejiang 2012Support for Farmers' Cooperatives 2022Exploring the role of social capital mechanisms in cooperative resilience 2017SOCIAL CAPITAL AND MUTUAL VERSUS PUBLIC BENEFIT: THE CASE OF RENEWABLE ENERGY COOPERATIVES 2015Trust, Social Capital, and the Coordination of Relationships Between the Members of Cooperatives: A Comparison Between Member-Focused Cooperatives and Third-Party-Focused Cooperatives

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