Waxing Theoretical: Social Capital and Markets
In principles level coverage in economics, we typically identify land, labor, capital and entrepreneurship as the productive resources an economy has to work with in order to produce output. Often we distinguish between skilled and unskilled labor and therefore include another type of capital - human capital (which reflects the augmenting of raw labor with education and on the job training, which improves the mental and physical performance of labor) - and in doing this we re