The Contribution of Business to Human Well-being: Applying a social capital framework
Peter Somers Heslam
Last modified: 2009-05-21
Abstract
Through its core operations, business has the potential to increase human well-being. This paper explores how social capital, including its institutional, relational, moral and spiritual components, offers a framework to assess this potential. In doing so, it suggests that the delay of gratification that is central to thrift is indispensable to happiness and offers transformative potential within an economic crisis partly precipitated by a culture of debt-based instant gratification.
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