Yet another 'magic bullet': the case of social capital.
2004
Stirrat, R. L.
The argument in this paper is that the present fashion for invoking 'social capital' in development thought is dangerous. As an analytical concept, social capital lacks clear definition and is used as a means of ignoring or eliding social and cultural factors. It is argued that the present popularity of the term derives from the growing hegemony of economists in development thought and practice and does little to further analytical rigour. Rather, analysis of social and cultural factors in development should be non-reductionist and recognise the complex nature of social and cultural factors.
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