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[PDF][PDF] Social capital and economic performance: trust and distrust in eighteenth-century gold shipments
T ARAÚJO - academia.edu
181 天前 - This article discusses agency problems in a period of market boom. It takes
Portuguese trade with Brazil as a case study to discuss the impact of colonial market
expansion on social capital. The hypothesis is that social capital depletion prompted an
uneven distribution of information and a limited access to honest individuals, who might
afford a premium to certain forms of agency. Given the states' inability to provide legal
sanctioning in colonial regions, this article focuses on private-order mechanisms which were …
Portuguese trade with Brazil as a case study to discuss the impact of colonial market
expansion on social capital. The hypothesis is that social capital depletion prompted an
uneven distribution of information and a limited access to honest individuals, who might
afford a premium to certain forms of agency. Given the states' inability to provide legal
sanctioning in colonial regions, this article focuses on private-order mechanisms which were …