By Wilfred Dolfsma
This e-book makes a robust and coherent contribution to the dialogue of the data financial system and of innovation, delivering more than a few theoretical insights from various disciplinary views. The position of information, wisdom improvement, and data diffusion is mentioned on the micro point of people and corporations, but in addition on the point of teams of companies and sectors, in addition to on the point of the economic climate at huge.
Dolfsma analyses wisdom improvement and diffusion as a completely social strategy, counting on communicative buildings to aid cooperation. the writer combines insights from economics and administration with views from sociology (network theory), anthropology (gift exchange), social psychology, technology reviews and data idea (scientometrics), utilizing empirical analyses to illustrate the place wisdom affects the dynamics of an financial system.
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Extra info for Knowledge Economies: Innovation, Organization and Location (Routledge Studies in Global Competition)
Sample text
Frequent gift or favour exchanges lead to positive emotions and reduces uncertainty, generating cohesion and commitment (Lawler et al. 2000). Repeated social interactions – only possible if the cycle is not obviously broken – makes it possible for trust to develop (Landry et al. 2001; Tsai and Ghosal 1998; Adler 2001; Williamson 1993). The indebtedness of others to the focal actor allows a person to call in favours from those who are indebted to him. However, the exact nature of the counter gift, nor the moment at which it occurs, can be fully determined by the focal agent.
G. Shapiro 1987; Nooteboom 2002). On the one hand, impersonal sources, such as sanctions by an external authority, social norms and values, are discussed (Bradach and Eccles 1989; Dore 1983; Granovetter 1985; Zucker 1986). Personal sources, as a source of social capital and trust are, on the other hand, discussed in this literature as well. In part motivated by self interest, current and ongoing cooperation can bring benefit to the focal actor (Abreu 1988; Axelrod 1984; Frank 1988; Heide and Miner 1992; Hill 1990; Kreps et al.
Bourdieu (1986) also emphasizes the instrumental nature of social capital construction. Bourdieu (1986) and Coleman (1988) argue that social capital can be formed purposefully as well as unintentionally. Social capital may result from instrumental behaviour. Bourdieu emphasizes the role of social obligation, trust and the advantages of connections in social capital (Smart 1993). Bourdieu underlines the fact that connections and obligations are not givens, but are the product of investment strategies – consciously or unconsciously – aimed at establishing or reproducing social relationships that are directly usable in the short or long term (Bourdieu 1977; 1986).
