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Social Preferences and the Third Sector: Looking for a Microeconomic Foundation of the Local Development Path

Author

Listed:
  • Maria Rosaria, Garofalo

    (CELPE (Centre of Labour Economics and Economic Policy), University of Salerno, Italy)

  • Nese, Annamaria

    (CELPE (Centre of Labour Economics and Economic Policy), University of Salerno, Italy)

Abstract

The aim of the paper is to endorse the principle, recurrent in non-profit literature, that the third sector is an institution that supports the development process of economic systems. The third sector is considered as an institution that âÃÂÃÂfavors, transmits and cementsâÃÂàthe role of social preferences in a given economy and, in this way, it contributes to development. The paper thus considers two stances taken up in economic theory: (i) the theory of social preferences; (ii) the modern theory of development. These two stances do not exclusively and specifically refer to the third sector, and they generally follow parallel paths, rarely being aware of each other: in the paper, the third sector is assumed to form a bridge between them in that social preferences are supposed to be one of the driving forces in the change process of an economy.

Suggested Citation

  • Maria Rosaria, Garofalo & Nese, Annamaria, 2009. "Social Preferences and the Third Sector: Looking for a Microeconomic Foundation of the Local Development Path," CELPE Discussion Papers 110, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    • Handle: RePEc:sal:celpdp:0110
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    References listed on IDEAS

    as
    1. Adsera, Alicia & Ray, Debraj, 1998. "History and Coordination Failure," Journal of Economic Growth, Springer, vol. 3(3), pages 267-276, September.
    2. Amendola, Adalgiso, 1991. "Teoria dei contratti impliciti, rigidità del salario e disoccupazione," CELPE Discussion Papers 2, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    3. Susan Rose-Ackerman, 1996. "Altruism, Nonprofits, and Economic Theory," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 701-728, June.
    4. URGA, Giovanni, 1991. "Dynamic Models of Labour Demand in the Italian Industrial Sector: Theories and Evidence from Panel Data," CELPE Discussion Papers 3, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
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    More about this item

    Keywords

    endogenous social preferences; third sector; local development;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • P19 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Other

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