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What is Social Structure in Economic Analysis about?

This paper discusses the importance of introducing social structure and the concept of trust into economic analysis. It provides four examples that illustrate variations in how trust is organized in different social and economic systems. Currently, economic theory lacks a way to explicitly model trust and its social organization. As a result, important economic phenomena involving trust, like financial panics, cannot be fully explained. The paper argues that incorporating the social dimensions of trust woul

Author

JorgeA GN

Language

EN