search query: @indexterm socio-economic accounting / total: 24
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| Author: | Hunt, S. |
| Title: | Resource-advantage theory and the wealth of nations developing the socio-economic research tradition |
| Journal: | Journal of Socio-Economics
1997 : VOL. 26:4, p. 335-358 |
| Index terms: | THEORIES SOCIO-ECONOMIC ACCOUNTING RESEARCH |
| Language: | eng |
| Abstract: | Why aren't all market-based economies wealthy? Many scholars believe that nonwealthy, market-based economies lack certain productivity-enhancing societal institutions, particularly those that promote trust. This article proposes that a new theory -- the resource-advantage theory of competition -- has the requisites of a socio-economic theory of competition and , consequently, can contribute to explaining why all market-based economies are not wealthy and why institutions that promote trust can be productivity-enhancing. |
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