Abstract
We aim to contribute to the analysis of the role that spacebound social capital plays in local/regional entrepreneurship. We compare social capital with other forms of capital. The conclusion is that in the main, social capital can be analyzed in the same way as other capital but it has some important special attributes. With these attributes as starting point we sketch an outline model of how the spatially-defined producer surplus and consumer surplus form a place surplus, and of the role played by social capital in the creation of the producer surplus. A "rereading" of Schumpeter shows that he was aware of several aspects of what we denominate entrepreneurship-inhibiting and facilitating aspects of social capital. Finally, we discuss some formal economic modeling approaches to the theoretical relationship between social capital and entrepreneurship.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
