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The Role of Social Capital in the Industrialization of the Food System

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  • Robison, Lindon J.
  • Schmid, A. Allan
  • Barry, Peter J.

Abstract

Selfishness of preferences alone will not support the coordination necessary for the industrialization of the food system. Social capital relationships of mutual sympathy (caring) yield socio-emotional goods that are important in the more personal business world of evolving incomplete contracts and alliances involving input suppliers, processors, and labor. Relationships are also critical when consumers are buying image as well as physical products. Management and policy alternatives constitute investment in social capital that can affect opportunism, risk, loyalty, and trust.

Suggested Citation

  • Robison, Lindon J. & Schmid, A. Allan & Barry, Peter J., 2002. "The Role of Social Capital in the Industrialization of the Food System," Agricultural and Resource Economics Review, Cambridge University Press, vol. 31(1), pages 15-24, April.
    • Handle: RePEc:cup:agrerw:v:31:y:2002:i:01:p:15-24_00
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    9. Peterson, H. Christopher & Robison, Lindon J. & Siles, Marcelo E., 1999. "The Social Capital Foundations Of Trust In Global Agri-Food System Transactions," Staff Paper Series 11490, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    10. Steven D. Hanson & Lindon J. Robison & Marcelo E. Siles, 1996. "Impacts of relationships on customer retention in the banking industry," Agribusiness, John Wiley & Sons, Ltd., vol. 12(1), pages 27-35.
    11. Wilson, Paul N. & Kennedy, Ana M., 1999. "Trustworthiness As An Economic Asset," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 2(2), pages 1-15.
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    Cited by:

    1. Benedetto Gui & Luca Stanca, 2010. "Happiness and relational goods: well-being and interpersonal relations in the economic sphere," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 57(2), pages 105-118, June.
    2. Benedetto Gui, 2013. "Relational goods," Chapters, in: Luigino Bruni & Stefano Zamagni (ed.), Handbook on the Economics of Reciprocity and Social Enterprise, chapter 30, pages 295-305, Edward Elgar Publishing.
    3. Robison, Lindon J. & Siles, Marcelo E. & Schmid, A. Allan, 2002. "Social Capital And Poverty Reduction: Toward A Mature Paradigm," Agricultural Economic Report Series 10941, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Chang, Tsaiyu, 2021. "Would Religious Social Capital Affect Farmland Transactions? A Spatial Autoregressive Analysis in Taiwan," 2021 Conference, August 17-31, 2021, Virtual 314975, International Association of Agricultural Economists.
    5. Karaan, Mohammad, 2003. "An Institutional Economic Appraisal Of Worker Equity Schemes In Agriculture:," 2003 Annual Conference, October 2-3, 2003, Pretoria, South Africa 19094, Agricultural Economics Association of South Africa (AEASA).
    6. Parcell, Joseph L., 2002. "Extending Alone," 2002 Annual meeting, July 28-31, Long Beach, CA 19655, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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