Civic Capital: Key to Unlocking Economic Disparities Across Centuries
The article discusses how social capital can affect economic performance. The researchers suggest that social capital should be defined more narrowly as "civic capital," focusing on values and beliefs that promote cooperation. They argue that civic capital can explain why some societies do better economically than others over time. By studying civic capital, researchers can better understand why some countries are more successful than others, even when factors like institutions and geography are taken into account.